Shares of Camden National Co. (NASDAQ:CAC) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 12-month consensus price objective of $51.00 for the company and are predicting that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also given Camden National an industry rank of 59 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on CAC. ValuEngine lowered shares of Camden National from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. BidaskClub lowered shares of Camden National from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Piper Jaffray Companies raised their price target on shares of Camden National from $50.50 to $51.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $48.00 price objective on shares of Camden National in a research note on Friday, December 22nd.

In related news, EVP Joanne T. Campbell sold 2,271 shares of Camden National 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 completion of the sale, the executive vice president now owns 17,916 shares of the company’s stock, valued at approximately $789,199.80. The transaction 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 Camden National stock in a transaction on Thursday, November 30th. The shares were 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 of the company’s stock, valued at approximately $362,566.48. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAC. SG Americas Securities LLC acquired a new stake in Camden National in the 3rd quarter valued at $208,000. UBS Asset Management Americas Inc. grew its position in Camden National by 0.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 5,194 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 16 shares during the period. Teacher Retirement System of Texas acquired a new stake in Camden National in the 4th quarter valued at $225,000. Aperio Group LLC grew its position in Camden National by 26.7% in the 3rd quarter. Aperio Group LLC now owns 5,990 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,263 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in Camden National in the 4th quarter valued at $330,000. 64.49% of the stock is owned by institutional investors and hedge funds.

Camden National (NASDAQ CAC) traded down $0.60 during trading on Thursday, reaching $42.51. 20,620 shares of the company’s stock traded hands, compared to its average volume of 30,464. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. Camden National has a 52-week low of $37.10 and a 52-week high of $47.41. The company has a market cap of $660.58, a price-to-earnings ratio of 23.36 and a beta of 0.80.

Camden National (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Camden National had a net margin of 16.30% and a return on equity of 10.52%. The firm had revenue of $39.50 million during the quarter. equities research analysts expect that Camden National will post 3.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, January 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. This is a positive change from Camden National’s previous quarterly dividend of $0.23. Camden National’s payout ratio is currently 54.95%.

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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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