Equity research analysts expect Camden National Co. (NASDAQ: CAC) to report earnings of $ 1.06 per share for the current quarter, Zacks Investment Research reports. Two analysts have estimated Camden National’s earnings, with estimates ranging from $ 1.04 to $ 1.07. Camden National posted earnings of $ 1.22 per share for the same quarter last year, which would indicate a negative year-over-year growth rate of 13.1%. The company is expected to release its next quarterly earnings report on Tuesday, January 25.

On average, analysts predict Camden National will report annual earnings of $ 4.55 per share for the current fiscal year, with EPS estimates ranging from $ 4.53 to $ 4.57. For the next fiscal year, analysts predict the company will post earnings of $ 4.05 per share, with EPS estimates ranging from $ 3.85 to $ 4.25. Zacks’ EPS averages are an average based on a survey of sell-side research analysts who follow Camden National.

Camden National (NASDAQ: CAC) last released its results on Monday, October 25. The financial services provider reported earnings per share (EPS) of $ 0.97 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.03 by $ 0.06. Camden National had a net margin of 35.38% and a return on equity of 13.18%. The company posted revenue of $ 45.85 million for the quarter, compared to analysts’ expectations of $ 44.84 million. In the same quarter of the previous year, the company posted earnings per share of $ 1.11.

The ACC has been the subject of several research analyst reports. Raymond James downgraded Camden National shares from an “outperformance” rating to a “market performance” rating in a Thursday, October 7 research note. Zacks Investment Research downgraded Camden National’s stock rating from a “buy” rating to a “hold” rating in a report released on Wednesday, December 29.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAC. FourThought Financial LLC increased its stake in Camden National shares by 134.8% during the 3rd quarter. FourThought Financial LLC now owns 641 shares of the financial services provider worth $ 30,000 after purchasing an additional 368 shares during the period. Mascoma Wealth Management LLC purchased a new equity interest in Camden National during the third quarter valued at approximately $ 63,000. Advisory Services Network LLC purchased a new equity stake in Camden National during the second quarter valued at approximately $ 72,000. Public Employees Retirement System of Ohio acquired a new equity stake in Camden National during the second quarter valued at approximately $ 91,000. Finally, Norway Savings Bank increased its position in Camden National shares by 11.7% during the third quarter. The Savings Bank of Norway now owns 2,618 shares of the financial services provider worth $ 125,000 after purchasing an additional 275 shares in the last quarter. Institutional investors hold 66.82% of the shares of the company.

CAC shares traded up $ 0.93 during the Friday midday session, reaching $ 51.63. 34,650 shares of the company were traded for an average volume of 36,370. Camden National has a 12-month low of $ 36.75 and a 12-month high of $ 51.75. The company has a 50-day moving average price of $ 48.13 and a 200-day moving average price of $ 47.18. The company has a debt ratio of 0.08, a quick ratio of 0.75, and a current ratio of 0.75. The company has a market cap of $ 766.65 million, a PE ratio of 10.96 and a beta of 0.93.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 31. Shareholders of record on Friday January 14 will receive a dividend of $ 0.40. This represents a dividend of $ 1.60 on an annualized basis and a dividend yield of 3.10%. This is an increase from Camden National’s previous quarterly dividend of $ 0.36. The ex-dividend date for this dividend is Thursday, January 13. Camden National’s payout ratio is 30.57%.

Camden National Society Profile

Camden National Corp. is a banking holding company that provides financial services to individuals and businesses through its subsidiary Camden National Bank. Its services include loans, checks, savings, term deposits, cash management, brokerage, wealth management and trust. The company was founded in 1984 and is headquartered in Camden, ME.

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