Camden National Corporation (NASDAQ:CAC) has received a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $40.50 for the company and are predicting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also assigned Camden National Corporation an industry rank of 71 out of 265 based on the ratings given to related companies.

A number of analysts have recently weighed in on CAC shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $48.00 price target on shares of Camden National Corporation in a research report on Friday, June 2nd. BidaskClub downgraded shares of Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

Shares of Camden National Corporation (NASDAQ:CAC) traded down 0.66% during midday trading on Monday, hitting $39.21. 149 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $41.82 and its 200 day moving average price is $42.07. Camden National Corporation has a one year low of $29.49 and a one year high of $45.43. The firm has a market cap of $608.23 million, a PE ratio of 14.58 and a beta of 0.78.

Camden National Corporation (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Camden National Corporation had a net margin of 24.65% and a return on equity of 10.59%. The firm had revenue of $38.51 million during the quarter. Equities research analysts forecast that Camden National Corporation will post $2.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, July 13th. Camden National Corporation’s payout ratio is currently 34.07%.

Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in Camden National Corporation by 41.7% in the second quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock worth $28,264,000 after buying an additional 193,979 shares during the last quarter. BTIM Corp. bought a new stake in Camden National Corporation during the second quarter worth $7,207,000. FMR LLC increased its stake in Camden National Corporation by 10.8% in the first quarter. FMR LLC now owns 1,399,131 shares of the financial services provider’s stock worth $61,618,000 after buying an additional 136,242 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Camden National Corporation by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 280,590 shares of the financial services provider’s stock worth $12,357,000 after buying an additional 57,697 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in Camden National Corporation during the first quarter worth $1,952,000. 63.19% of the stock is owned by institutional investors and hedge funds.

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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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