Camden National Co. (NASDAQ:CAC) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $52.00 for the company and are forecasting that the company will post $0.92 EPS for the current quarter, according to Zacks. Zacks has also given Camden National an industry rank of 178 out of 256 based on the ratings given to related companies.
Several equities analysts recently weighed in on CAC shares. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
NASDAQ CAC traded up $0.11 during trading hours on Friday, hitting $44.71. The company’s stock had a trading volume of 18,095 shares, compared to its average volume of 34,830. The stock has a fifty day moving average of $43.93. Camden National has a twelve month low of $33.49 and a twelve month high of $47.25. The firm has a market cap of $688.23 million, a price-to-earnings ratio of 13.19 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 announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.12. Camden National had a net margin of 27.70% and a return on equity of 12.73%. The business had revenue of $41.28 million for the quarter, compared to analyst estimates of $40.30 million. As a group, sell-side analysts anticipate that Camden National will post 3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.20 annualized dividend and a yield of 2.68%. Camden National’s dividend payout ratio (DPR) is presently 35.40%.
Camden National Company Profile
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.
Featured Article: How is a buy-side analyst different from a sell-side analyst?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with MarketBeat.com's FREE daily email newsletter.