Camden National (CAC) Projected to Post Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $45,234.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The business had revenue of $75.13 million for the quarter, compared to the consensus estimate of $43.90 million. Camden National had a return on equity of 9.95% and a net margin of 16.47%. During the same period last year, the business earned $0.96 EPS. On average, analysts expect Camden National to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Camden National Stock Up 0.9 %

Shares of Camden National stock opened at $43.80 on Friday. Camden National has a 12-month low of $28.62 and a 12-month high of $50.07. The stock has a market capitalization of $638.60 million, a P/E ratio of 13.69 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $44.61 and a two-hundred day moving average price of $41.64.

Camden National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.84%. Camden National’s payout ratio is presently 52.50%.

Analyst Ratings Changes

CAC has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of Camden National in a report on Sunday, January 19th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Raymond James raised Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Friday, December 20th.

About Camden National

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.