Camden National Corporation (CAC) to Release Earnings on Tuesday
Camden National Corporation (NASDAQ:CAC) will release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Camden National Corporation to post earnings of $0.69 per share for the quarter.
Camden National Corporation (NASDAQ:CAC) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. The firm had revenue of $38.51 million during the quarter. On average, analysts expect Camden National Corporation to post $2.66 EPS for the current fiscal year and $2.85 EPS for the next fiscal year.
Camden National Corporation (NASDAQ CAC) traded up 1.03% during trading on Tuesday, reaching $44.01. 5,811 shares of the company were exchanged. Camden National Corporation has a 52-week low of $30.50 and a 52-week high of $45.43. The firm has a market cap of $682.68 million, a price-to-earnings ratio of 16.37 and a beta of 0.82. The firm has a 50-day moving average of $42.15 and a 200-day moving average of $41.79.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, October 12th. Camden National Corporation’s payout ratio is presently 34.07%.
Separately, BidaskClub downgraded shares of Camden National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th.
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In related news, Director Carl John Soderberg acquired 3,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $38.46 per share, with a total value of $115,380.00. Following the completion of the transaction, the director now directly owns 59,323 shares of the company’s stock, valued at $2,281,562.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Holmes acquired 1,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $38.57 per share, with a total value of $38,570.00. Following the transaction, the director now directly owns 18,356 shares of the company’s stock, valued at $707,990.92. The disclosure for this purchase can be found here. Insiders acquired 5,000 shares of company stock valued at $192,900 in the last ninety days. Insiders own 2.34% of the company’s stock.
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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