Camden National Corporation (CAC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Camden National Corporation (NASDAQ:CAC) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04, reports. Camden National Corporation had a net margin of 24.65% and a return on equity of 10.59%.
Camden National Corporation (NASDAQ CAC) traded up 0.23% during trading on Tuesday, reaching $43.17. 38,125 shares of the company were exchanged. The firm’s 50 day moving average price is $42.85 and its 200-day moving average price is $41.86. The stock has a market capitalization of $669.65 million, a price-to-earnings ratio of 16.05 and a beta of 0.82. Camden National Corporation has a one year low of $32.50 and a one year high of $45.43.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, October 12th. Camden National Corporation’s payout ratio is presently 34.07%.
Separately, BidaskClub raised shares of Camden National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st.
Camden National Corporation Company Profile
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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