Wall Street brokerages expect that Camden National Co. (NASDAQ:CAC) will report earnings per share of $0.69 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Camden National’s earnings. Camden National reported earnings per share of $0.70 in the same quarter last year, which would suggest a negative year over year growth rate of 1.4%. The company is expected to report its next earnings report on Tuesday, January 30th.

On average, analysts expect that Camden National will report full-year earnings of $2.68 per share for the current financial year. For the next year, analysts anticipate that the company will post earnings of $2.85 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Camden National.

Several brokerages recently issued reports on CAC. BidaskClub downgraded shares of Camden National from a “hold” rating to a “sell” rating in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $48.00 target price on shares of Camden National in a research note on Friday, December 22nd.

In other news, EVP Joanne T. Campbell sold 2,271 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $44.05, for a total value of $100,037.55. Following the sale, the executive vice president now owns 17,916 shares of the company’s stock, valued at $789,199.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edmund M. Hayden sold 2,340 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.56, for a total transaction of $106,610.40. Following the completion of the sale, the executive vice president now directly owns 7,958 shares in the company, valued at approximately $362,566.48. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAC. BNP Paribas Arbitrage SA raised its position in Camden National by 479.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,936 shares in the last quarter. Atlantic Trust LLC acquired a new position in shares of Camden National in the second quarter valued at $136,000. Legal & General Group Plc increased its holdings in shares of Camden National by 4.2% in the second quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 153 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Camden National by 696.7% in the second quarter. Citigroup Inc. now owns 4,772 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 4,173 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Camden National in the third quarter valued at about $208,000. 62.13% of the stock is currently owned by hedge funds and other institutional investors.

Camden National (NASDAQ CAC) opened at $42.02 on Friday. Camden National has a 1-year low of $37.10 and a 1-year high of $47.41. The stock has a market cap of $654.31, a PE ratio of 15.45 and a beta of 0.79. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, January 15th will be given a dividend of $0.25 per share. This is a boost from Camden National’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. Camden National’s payout ratio is currently 33.82%.

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Camden National 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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