Camden National Corporation (CAC) Set to Announce Quarterly Earnings on Monday
Camden National Corporation (NASDAQ:CAC) is set to issue its quarterly earnings data on Monday, July 24th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Camden National Corporation (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Camden National Corporation had a net margin of 24.36% and a return on equity of 10.61%. The firm had revenue of $36.43 million during the quarter. On average, analysts expect Camden National Corporation to post $2.65 EPS for the current fiscal year and $2.84 EPS for the next fiscal year.
Camden National Corporation (NASDAQ CAC) opened at 42.41 on Monday. The firm has a 50-day moving average price of $41.62 and a 200-day moving average price of $42.48. The firm has a market capitalization of $657.86 million, a price-to-earnings ratio of 16.00 and a beta of 0.78. Camden National Corporation has a one year low of $28.40 and a one year high of $45.43.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, July 13th. Camden National Corporation’s dividend payout ratio (DPR) is presently 34.67%.
In related news, EVP June B. Parent sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $40.76, for a total transaction of $40,760.00. Following the completion of the transaction, the executive vice president now directly owns 26,990 shares in the company, valued at $1,100,112.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.34% of the stock is currently owned by insiders.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 price target on shares of Camden National Corporation in a research report on Friday, June 2nd.
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About Camden National Corporation
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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