Shares of Camden National Co. (NASDAQ:CAC) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus target price of $51.50 for the company and are predicting that the company will post $0.86 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Camden National an industry rank of 178 out of 255 based on the ratings given to related companies.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of Camden National from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research raised shares of Camden National from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $51.50 target price on shares of Camden National in a research note on Friday, August 3rd.

A number of large investors have recently modified their holdings of the business. Northern Trust Corp increased its stake in Camden National by 3.3% in the second quarter. Northern Trust Corp now owns 198,841 shares of the financial services provider’s stock valued at $9,089,000 after purchasing an additional 6,428 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Camden National during the second quarter worth $986,000. Atlantic Trust LLC bought a new stake in shares of Camden National during the second quarter worth $156,000. California Public Employees Retirement System increased its position in shares of Camden National by 21.6% during the second quarter. California Public Employees Retirement System now owns 45,522 shares of the financial services provider’s stock worth $2,081,000 after acquiring an additional 8,098 shares in the last quarter. Finally, Zebra Capital Management LLC bought a new stake in shares of Camden National during the second quarter worth $215,000. 63.29% of the stock is owned by hedge funds and other institutional investors.

Shares of CAC traded up $0.43 on Friday, reaching $43.01. 22,518 shares of the company’s stock were exchanged, compared to its average volume of 25,731. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $675.08 million, a price-to-earnings ratio of 15.80 and a beta of 0.62. Camden National has a 12 month low of $40.25 and a 12 month high of $47.86.

Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.04). The business had revenue of $38.98 million for the quarter, compared to the consensus estimate of $39.40 million. Camden National had a return on equity of 11.64% and a net margin of 18.39%. analysts expect that Camden National will post 3.3 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, October 12th. Camden National’s payout ratio is presently 43.96%.

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.

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