Media coverage about Camden National (NASDAQ:CAC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Camden National earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.7894674831058 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several equities research analysts have issued reports on CAC shares. Zacks Investment Research raised shares of Camden National from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, August 6th. BidaskClub raised shares of Camden National from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. ValuEngine raised shares of Camden National from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $51.50 price target on shares of Camden National in a report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Camden National presently has an average rating of “Buy” and an average target price of $49.50.

Shares of CAC traded up $0.20 during trading hours on Monday, hitting $45.37. The stock had a trading volume of 310 shares, compared to its average volume of 26,448. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 0.80. Camden National has a 52 week low of $37.10 and a 52 week high of $47.86. The firm has a market cap of $702.80 million, a price-to-earnings ratio of 16.62 and a beta of 0.65.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Friday, July 13th were given a dividend of $0.30 per share. This is an increase from Camden National’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, July 12th. This represents a $1.20 annualized dividend and a yield of 2.64%. Camden National’s dividend payout ratio is 43.96%.

About Camden National

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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