Camden National Co. (NASDAQ:CAC) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $43.93 and traded as low as $44.52. Camden National shares last traded at $44.78, with a volume of 111 shares trading hands.
CAC has been the topic of several research analyst reports. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
The stock has a 50-day moving average of $43.96. The company has a market capitalization of $688.23 million, a PE ratio of 13.17 and a beta of 0.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.15.
Camden National (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. The firm had revenue of $41.28 million for the quarter, compared to analyst estimates of $40.30 million. Camden National had a return on equity of 12.73% and a net margin of 27.70%. Research analysts forecast that Camden National Co. will post 3.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, July 12th. Camden National’s dividend payout ratio (DPR) is presently 35.40%.
A number of institutional investors have recently added to or reduced their stakes in CAC. Great West Life Assurance Co. Can lifted its position in Camden National by 1,746.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,754 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,659 shares in the last quarter. Legal & General Group Plc increased its holdings in Camden National by 11.3% during the 4th quarter. Legal & General Group Plc now owns 2,840 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 288 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Camden National during the 1st quarter worth approximately $111,000. BNP Paribas Arbitrage SA increased its holdings in Camden National by 400.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,221 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Camden National by 346.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,890 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 3,794 shares during the last quarter. 66.21% of the stock is currently owned by hedge funds and other institutional investors.
Camden National Company Profile (NASDAQ:CAC)
Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.
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