Camden National - CAC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Camden National in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAC, but not buy additional shares or sell existing shares.
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2 analysts have issued 1 year price targets for Camden National's shares. Their CAC share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
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Camden National's stock was trading at $48.16 on January 1st, 2022. Since then, CAC shares have decreased by 4.7% and is now trading at $45.90.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Camden National Co. (NASDAQ:CAC) announced its earnings results on Tuesday, July, 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.03. The financial services provider earned $47.68 million during the quarter, compared to analyst estimates of $47.20 million. Camden National had a trailing twelve-month return on equity of 12.06% and a net margin of 31.49%. During the same quarter last year, the business earned $1.21 EPS.

Camden National announced a quarterly dividend on Tuesday, June 28th. Investors of record on Friday, July 15th will be given a dividend of $0.40 per share on Friday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for CAC.

Camden National (NASDAQ:CAC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAC will have a dividend payout ratio of 35.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAC.

17 employees have rated Camden National Chief Executive Officer Greg Dufour on Glassdoor.com. Greg Dufour has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Camden National investors own include NVIDIA (NVDA), Boeing (BA), General Motors (GM), Main Street Capital (MAIN), Verizon Communications (VZ), AbbVie (ABBV), Overstock.com (OSTK), Pure Storage (PSTG), QUALCOMM (QCOM) and Riot Blockchain (RIOT).

Camden National trades on the NASDAQ under the ticker symbol "CAC."

Camden National's stock is owned by many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.44%), Clean Yield Group (0.53%), Ipswich Investment Management Co. Inc. (0.53%), State of New Jersey Common Pension Fund D (0.36%), Means Investment CO. Inc. (0.34%) and Assenagon Asset Management S.A. (0.32%). Insiders that own company stock include Ann W Bresnahan, Craig N Denekas, David C Flanagan, Gregory A Dufour, Gregory A White, Jennifer Lloyd Mirabile, Joanne T Campbell, Lawrence J Sterrs, Marie J Mccarthy and S Catherine Longley.
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Shares of CAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAC stock can currently be purchased for approximately $45.90.

Camden National (NASDAQ:CAC) has a market capitalization of $671.29 million and generates $198.22 million in revenue each year. The financial services provider earns $69.01 million in net income (profit) each year or $4.23 on an earnings per share basis.

The company employs 620 workers across the globe.

Camden National's mailing address is 2 ELM STREET, CAMDEN ME, 04843. The official website for the company is www.camdennational.com. The financial services provider can be reached via phone at (207) 236-8821, via email at ir@camdennational.com, or via fax at 207-236-6256.