Somewhat Positive Media Coverage Somewhat Unlikely to Impact Camden National Corporation (CAC) Share Price
Press coverage about Camden National Corporation (NASDAQ:CAC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Camden National Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5220646641329 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research analysts have commented on CAC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Camden National Corporation in a report on Friday, June 2nd. BidaskClub downgraded Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
Camden National Corporation (NASDAQ:CAC) traded down 1.27% during mid-day trading on Friday, hitting $43.64. The stock had a trading volume of 47,798 shares. The company has a market cap of $676.94 million, a price-to-earnings ratio of 16.23 and a beta of 0.79. The firm’s 50-day moving average is $39.57 and its 200 day moving average is $41.63. Camden National Corporation has a 12 month low of $29.49 and a 12 month high of $45.43.
Camden National Corporation (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The company had revenue of $38.51 million during the quarter. Camden National Corporation had a net margin of 24.65% and a return on equity of 10.59%. Equities analysts anticipate that Camden National Corporation will post $2.68 EPS for the current fiscal year.
The business also recently declared 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 2.11%. The ex-dividend date of this dividend is Thursday, October 12th. Camden National Corporation’s dividend payout ratio (DPR) is presently 34.07%.
In related news, Director John W. Holmes purchased 1,000 shares of Camden National Corporation stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $38.95 per share, for a total transaction of $38,950.00. Following the completion of the transaction, the director now owns 19,756 shares in the company, valued at $769,496.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl John Soderberg purchased 3,000 shares of Camden National Corporation stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $38.46 per share, with a total value of $115,380.00. Following the completion of the transaction, the director now owns 59,323 shares of the company’s stock, valued at approximately $2,281,562.58. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 5,000 shares of company stock valued at $192,900. 2.34% of the stock is owned by company insiders.
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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