Camden National Corporation (CAC) Getting Somewhat Favorable Media Coverage, Study Shows
Press coverage about Camden National Corporation (NASDAQ:CAC) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Camden National Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.6549146597831 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Camden National Corporation (NASDAQ CAC) traded down 0.20% during midday trading on Friday, reaching $44.06. The company had a trading volume of 3,951 shares. The firm has a market capitalization of $683.46 million, a price-to-earnings ratio of 16.39 and a beta of 0.82. Camden National Corporation has a 12-month low of $29.49 and a 12-month high of $45.43. The company has a 50 day moving average of $40.55 and a 200 day moving average of $41.70.
Camden National Corporation (NASDAQ:CAC) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $38.51 million during the quarter. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. Analysts anticipate that Camden National Corporation will post $2.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, October 12th. Camden National Corporation’s dividend payout ratio (DPR) is currently 34.07%.
Separately, BidaskClub upgraded Camden National Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th.
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In related news, Director Carl John Soderberg acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of $38.46 per share, with a total value of $115,380.00. Following the completion of the purchase, the director now directly owns 59,323 shares of the company’s stock, valued at $2,281,562.58. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Holmes acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $38.57 per share, for a total transaction of $38,570.00. Following the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at $707,990.92. The disclosure for this purchase can be found here. Insiders bought 5,000 shares of company stock worth $192,900 in the last ninety days. Corporate insiders own 2.34% of the company’s stock.
Camden National Corporation Company Profile
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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