News coverage about Camden National Corporation (NASDAQ:CAC) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Camden National Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.945762870442 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Camden National Corporation (NASDAQ:CAC) traded down $0.06 during mid-day trading on Friday, hitting $41.73. The stock had a trading volume of 14,100 shares, compared to its average volume of 41,850. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $646.71, a PE ratio of 15.36 and a beta of 0.79. Camden National Corporation has a 52 week low of $35.04 and a 52 week high of $45.43.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.20%. Camden National Corporation’s dividend payout ratio is currently 33.70%.
Several research analysts have recently weighed in on the company. BidaskClub cut Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Keefe, Bruyette & Woods cut Camden National Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st.
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In other Camden National Corporation news, Director Carl John Soderberg acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was bought at an average cost of $38.46 per share, with a total value of $115,380.00. Following the completion of the transaction, the director now directly owns 59,323 shares in the company, valued at approximately $2,281,562.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Holmes acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $38.57 per share, with a total value of $38,570.00. Following the completion of the transaction, the director now owns 18,356 shares of the company’s stock, valued at $707,990.92. The disclosure for this purchase can be found here. Insiders have purchased 5,000 shares of company stock valued at $192,900 over the last three months. 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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