NasdaqGS:CAC

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.

Risks

  • Camden National is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Camden National's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

NasdaqGS:CAC

2.4%

US Banks

2.9%

US Market


1 Year Return

-9.7%

NasdaqGS:CAC

-14.8%

US Banks

0.2%

US Market

CAC outperformed the Banks industry which returned -14.8% over the past year.

CAC underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

CACIndustryMarket
7 Day0.7%2.4%2.9%
30 Day-3.1%-6.3%-2.3%
90 Day-4.0%-2.1%3.1%
1 Year-7.1%-9.7%-12.4%-14.8%2.4%0.2%
3 Year48.5%37.8%41.7%32.0%41.7%32.4%
5 Year98.5%73.7%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is Camden National's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Camden National undervalued based on future cash flows and its price relative to the stock market?

11.78x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Camden National's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Camden National's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Camden National is good value based on earnings compared to the US Banks industry average.

Camden National is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Camden National is poor value based on expected growth next year.


Price Based on Value of Assets

Camden National is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Camden National expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Camden National's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

Camden National's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).

Camden National's revenue growth is positive but not above the United States of America market average.

Camden National's earnings growth is positive but not above the United States of America market average.

Camden National's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Camden National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Camden National performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Camden National's year on year earnings growth rate has been positive over the past 5 years.

Camden National's 1-year earnings growth exceeds its 5-year average (67.3% vs 17.4%)

Camden National's earnings growth has exceeded the US Banks industry average in the past year (67.3% vs 33.2%).


Return on Equity

Camden National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Camden National used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Camden National improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Camden National's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Camden National has an acceptable proportion of non-loan assets held.

Camden National has a sufficient allowance for bad loans.

Camden National's liabilities are made up of primarily low risk sources of funding.

Camden National's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Camden National are broadly funded by customer deposits.

Camden National has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Camden National's current dividend yield, its reliability and sustainability?

3.10%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Camden National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Camden National's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Camden National's salary, the management and board of directors tenure and is there insider trading?

10.6yrs

Average management tenure


CEO

Greg Dufour (58yo)

10.6yrs

Tenure

US$1,568,237

Compensation

Mr. Gregory A. Dufour, also known as Greg, has been President, Chief Executive Officer and Director of Camden National Corporation (“Company”) since January 2009. Mr. Dufour joined Camden National Corporat ...


CEO Compensation Analysis

Greg's remuneration is lower than average for companies of similar size in United States of America.

Greg's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

10.6yrs

Average Tenure

57yo

Average Age

The average tenure for the Camden National management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.3yrs

Average Tenure

61.5yo

Average Age

The tenure for the Camden National board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$15,77618 Mar 19
Patricia Rose
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail & Mortgage Banking
Shares482
Max PriceUS$32.73
BuyUS$28,37718 Mar 19
Deborah Jordan
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares867
Max PriceUS$32.73
BuyUS$52,59718 Mar 19
Gregory Dufour
EntityIndividual
Role
Chief Executive Officer
President
Shares1,607
Max PriceUS$32.73
BuyUS$7,88818 Mar 19
Joanne Campbell
EntityIndividual
Role
Senior Key Executive
Executive VP of Risk Management
Shares241
Max PriceUS$32.73
SellUS$54,37511 Mar 19
Gregory Dufour
EntityIndividual
Role
Chief Executive Officer
President
Shares1,250
Max PriceUS$43.50
SellUS$14,29812 Dec 18
Joanne Campbell
EntityIndividual
Role
Senior Key Executive
Executive VP of Risk Management
Shares400
Max PriceUS$35.75
BuyUS$110,14211 Dec 18
Carl Soderberg
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$36.71
SellUS$106,02011 Dec 18
Joanne Campbell
EntityIndividual
Role
Senior Key Executive
Executive VP of Risk Management
Shares2,923
Max PriceUS$36.34

Ownership Breakdown


Management Team

  • Debbie Jordan (53yo)

    Executive VP

    • Tenure: 10.9yrs
    • Compensation: US$717.13k
  • Ann Bresnahan (68yo)

    Secretary & Director

    • Tenure: 29.6yrs
    • Compensation: US$57.29k
  • Greg Dufour (58yo)

    President

    • Tenure: 10.6yrs
    • Compensation: US$1.57m
  • Joanne Campbell (56yo)

    Executive VP of Risk Management

    • Tenure: 18.6yrs
    • Compensation: US$478.20k
  • Tim Nightingale (61yo)

    Executive VP & Senior Loan Officer

    • Tenure: 12.9yrs
    • Compensation: US$529.79k
  • Carolyn Carson-Crosby

    Senior Vice President of Employee Relations and Engagement Manager

    • Tenure: 0.0yrs
  • Mike Archer

    Senior VP & Corporate Controller

    • Tenure: 0.0yrs
  • Edward Walbridge

    Senior VP & Human Resources Director

    • Tenure: 0.0yrs
  • Renée Smyth

    Executive VP and Chief Experience & Marketing Officer

    • Tenure: 2.3yrs
  • Trish Rose (55yo)

    Executive Vice President of Retail & Mortgage Banking

    • Tenure: 1.9yrs
    • Compensation: US$418.14k

Board Members

  • Ann Bresnahan (68yo)

    Secretary & Director

    • Tenure: 29.6yrs
    • Compensation: US$57.29k
  • Greg Dufour (58yo)

    President

    • Tenure: 10.6yrs
    • Compensation: US$1.57m
  • Robin Sawyer (52yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: US$39.51k
  • David Flanagan (66yo)

    Director

    • Tenure: 13.9yrs
    • Compensation: US$66.06k
  • James Page (67yo)

    Director

    • Tenure: 11.5yrs
    • Compensation: US$50.81k
  • Katy Longley (65yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$62.79k
  • Larry Sterrs (66yo)

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: US$95.96k
  • Carl Soderberg (56yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$49.54k
  • Craig Denekas (54yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$55.46k
  • Marie McCarthy (50yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: US$27.47k

Company Information

Camden National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Camden National Corporation
  • Ticker: CAC
  • Exchange: NasdaqGS
  • Founded: 1875
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$645.803m
  • Shares outstanding: 15.41m
  • Website: https://www.camdennational.com

Number of Employees


Location

  • Camden National Corporation
  • 2 Elm Street
  • Camden
  • Maine
  • 4843
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CACNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1997

Biography

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, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:33
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.