Camden National (NASDAQ:CAC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Camden National (NASDAQ:CAC) in a research report released on Thursday. The firm issued a hold rating on the financial services provider’s stock.

Several other brokerages have also recently commented on CAC. Keefe, Bruyette & Woods increased their price target on Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Raymond James reissued an “outperform” rating and set a $53.00 price target (up from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.

Camden National Stock Down 1.9 %

NASDAQ:CAC opened at $43.09 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $628.25 million, a PE ratio of 11.90 and a beta of 0.77. Camden National has a 52-week low of $28.62 and a 52-week high of $50.07. The stock has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $42.55.

Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts expect that Camden National will post 4.25 EPS for the current fiscal year.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $0.42 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.90%. Camden National’s payout ratio is 46.41%.

Institutional Trading of Camden National

Hedge funds have recently made changes to their positions in the business. Aquatic Capital Management LLC acquired a new stake in shares of Camden National in the fourth quarter valued at approximately $44,000. Federated Hermes Inc. bought a new position in shares of Camden National during the fourth quarter worth approximately $46,000. Nisa Investment Advisors LLC increased its stake in shares of Camden National by 18,500.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,850 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Camden National during the fourth quarter worth approximately $103,000. Finally, Quantbot Technologies LP bought a new position in shares of Camden National during the fourth quarter worth approximately $106,000. 77.41% of the stock is owned by institutional investors and hedge funds.

Camden National Company Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.