News coverage about Camden National Corporation (NASDAQ:CAC) has trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Camden National Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.7006123170044 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Shares of Camden National Corporation (CAC) traded down $0.05 during trading hours on Friday, reaching $42.72. The company’s stock had a trading volume of 32,658 shares, compared to its average volume of 31,708. Camden National Corporation has a fifty-two week low of $37.10 and a fifty-two week high of $45.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The stock has a market cap of $662.07, a price-to-earnings ratio of 15.74 and a beta of 0.79.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. Camden National Corporation’s dividend payout ratio is currently 33.70%.
Several equities analysts have recently issued reports on CAC shares. BidaskClub lowered Camden National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods lowered 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 related news, Director Carl John Soderberg acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $38.46 per share, for a total transaction of $115,380.00. Following the purchase, the director now owns 59,323 shares in the company, valued at approximately $2,281,562.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Holmes acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average price of $38.57 per share, with a total value of $38,570.00. Following the completion of the purchase, the director now owns 18,356 shares in the company, valued at approximately $707,990.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 5,000 shares of company stock valued at $192,900. 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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