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Camden National

Nasdaq:CAC
Snowflake Description

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

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAC
Nasdaq
$694M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 41 days ago. More info.


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CAC Share Price and Events
7 Day Returns
3.4%
NasdaqGS:CAC
0.1%
US Banks
1.2%
US Market
1 Year Returns
-5.5%
NasdaqGS:CAC
-7.6%
US Banks
2.3%
US Market
CAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Camden National (CAC) 3.4% 1.9% 8% -5.5% 61.6% 74.6%
US Banks 0.1% 0.5% 0.7% -7.6% 45.6% 41.7%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • CAC outperformed the Banks industry which returned -7.6% over the past year.
  • CAC underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
CAC
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Camden National to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Camden National.

NasdaqGS:CAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $25.99 * 8.9%
$2.31
Book Value of Equity per Share Median Book Value from the past 5 years. $25.99
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (50.87%))
0.888
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.888 * 5.96%)
8.02%

Discounted Cash Flow Calculation for NasdaqGS:CAC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Camden National is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CAC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 8.02%) * $25.99)
$0.23
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.23 / (8.02% - 2.73%)
$4.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.99 + $4.25
$30.24
NasdaqGS:CAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $30.24
Current discount Discount to share price of $44.71
= -1 x ($44.71 - $30.24) / $30.24
-47.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Camden National is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Camden National's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Camden National's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.49
NasdaqGS:CAC Share Price ** NasdaqGS (2019-06-19) in USD $44.71
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.75x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Camden National.

NasdaqGS:CAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CAC Share Price ÷ EPS (both in USD)

= 44.71 ÷ 3.49

12.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden National is overvalued 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
Does Camden National's expected growth come at a high price?
Raw Data
NasdaqGS:CAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
4.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:CAC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.81x ÷ 4.8%

2.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden National is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Camden National's assets?
Raw Data
NasdaqGS:CAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $29.16
NasdaqGS:CAC Share Price * NasdaqGS (2019-06-19) in USD $44.71
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:CAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CAC Share Price ÷ Book Value per Share (both in USD)

= 44.71 ÷ 29.16

1.53x

* Primary Listing of Camden National.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden National is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Camden National's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Camden National has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Camden National expected to grow at an attractive rate?
  • Camden National's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Camden National's earnings growth is positive but not above the United States of America market average.
  • Camden National's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 4.8%
NasdaqGS:CAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CAC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 179 60 2
2019-12-31 171 57 2
NasdaqGS:CAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 160 43 54
2018-12-31 158 64 53
2018-09-30 155 69 36
2018-06-30 153 56 33
2018-03-31 153 50 31
2017-12-31 151 58 28
2017-09-30 149 68 42
2017-06-30 148 75 42
2017-03-31 147 79 41
2016-12-31 146 57 40
2016-09-30 143 27 31
2016-06-30 131 18 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Camden National's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • Camden National's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Camden National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CAC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.83 4.00 3.65 2.00
2019-12-31 3.68 3.75 3.60 2.00
NasdaqGS:CAC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.49
2018-12-31 3.40
2018-09-30 2.30
2018-06-30 2.13
2018-03-31 2.00
2017-12-31 1.83
2017-09-30 2.73
2017-06-30 2.71
2017-03-31 2.67
2016-12-31 2.59
2016-09-30 2.02
2016-06-30 1.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Camden National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Camden National's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Camden National has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Camden National performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Camden National's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (74.8% vs 16.1%)
  • Camden National's earnings growth has exceeded the US Banks industry average in the past year (74.8% vs 40.4%).
Earnings and Revenue History
Camden National's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Camden National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 160.05 54.39 73.06
2018-12-31 157.72 52.92 72.50
2018-09-30 154.50 35.83 72.90
2018-06-30 152.68 33.10 71.50
2018-03-31 153.00 31.11 69.78
2017-12-31 150.64 28.36 69.01
2017-09-30 148.89 42.36 68.29
2017-06-30 147.70 41.92 68.22
2017-03-31 146.79 41.30 68.22
2016-12-31 145.95 39.88 67.13
2016-09-30 142.54 30.73 67.63
2016-06-30 131.38 26.31 62.87
2016-03-31 121.86 23.91 58.02
2015-12-31 112.00 20.89 53.60
2015-09-30 103.02 25.27 48.94
2015-06-30 101.51 25.27 48.30
2015-03-31 99.93 24.39 48.10
2014-12-31 98.39 24.50 47.41
2014-09-30 97.72 22.84 47.16
2014-06-30 97.46 22.75 47.26
2014-03-31 97.28 22.77 47.05
2013-12-31 98.54 22.72 47.45
2013-09-30 99.12 22.48 47.31
2013-06-30 97.22 22.37 45.27
2013-03-31 95.58 22.45 43.28
2012-12-31 93.34 23.37 40.95
2012-09-30 92.58 25.03 39.07
2012-06-30 93.26 25.69 39.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Camden National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Camden National used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Camden National's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Camden National has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Camden National's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Camden National Company Filings, last reported 2 months ago.

NasdaqGS:CAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 453.72 353.03 147.71
2018-12-31 435.83 355.08 69.60
2018-09-30 417.53 499.44 98.85
2018-06-30 409.94 679.87 118.33
2018-03-31 404.06 638.99 125.95
2017-12-31 403.41 624.14 108.49
2017-09-30 414.37 620.35 83.44
2017-06-30 406.96 653.77 85.18
2017-03-31 397.83 569.82 74.76
2016-12-31 391.55 610.71 90.44
2016-09-30 393.18 587.01 84.92
2016-06-30 384.86 719.91 81.47
2016-03-31 375.46 681.58 82.06
2015-12-31 363.19 585.42 82.88
2015-09-30 259.40 578.15 66.64
2015-06-30 254.54 573.22 55.50
2015-03-31 251.80 560.65 55.38
2014-12-31 245.11 587.29 61.95
2014-09-30 239.91 548.70 61.87
2014-06-30 237.72 564.90 53.87
2014-03-31 231.47 547.11 54.19
2013-12-31 231.10 534.12 53.84
2013-09-30 232.28 353.10 59.40
2013-06-30 229.62 454.77 47.18
2013-03-31 235.58 376.44 49.11
2012-12-31 233.82 372.24 60.59
2012-09-30 234.98 498.72 51.19
2012-06-30 226.09 540.63 42.66
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Camden National has an acceptable proportion of non-loan assets held.
  • Camden National's liabilities are made up of primarily low risk sources of funding.
  • Loans at Camden National are broadly funded by customer deposits.
  • Camden National's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Camden National has a sufficient allowance for bad loans.
  • Camden National has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Camden National's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Camden National has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.68%
Current annual income from Camden National dividends. Estimated to be 2.92% next year.
If you bought $2,000 of Camden National shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Camden National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Camden National's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CAC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.37 2.00
2019-12-31 1.24 2.00
NasdaqGS:CAC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-26 1.200 2.760
2018-12-18 1.200 2.958
2018-09-25 1.200 2.935
2018-06-26 1.200 2.645
2018-03-27 1.000 2.214
2017-12-19 1.000 2.315
2017-09-26 0.920 2.110
2017-06-27 0.920 2.253
2017-03-28 0.920 2.179
2016-12-20 0.920 2.159
2016-09-27 0.800 2.292
2016-06-28 0.800 2.660
2016-03-29 0.800 2.819
2015-12-15 0.800 2.935
2015-09-29 0.800 2.849
2015-06-30 0.800 3.006
2015-04-01 0.800 3.085
2014-12-16 0.800 3.138
2014-09-30 0.720 2.882
2014-06-24 0.720 2.963
2014-03-25 0.720 2.830
2013-12-17 0.720 2.790
2013-09-24 0.720 2.641
2013-06-25 0.720 2.829
2013-03-26 0.720 3.124
2012-12-18 0.667 2.928
2012-11-07 0.667 2.954
2012-10-31 0.667 2.865
2012-09-25 0.667 2.746
2012-08-08 0.667 2.748
2012-07-31 0.667 2.839
2012-06-26 0.667 2.702
2012-05-09 0.667 3.047
2012-04-24 0.667 3.072
2012-03-27 0.667 3.020
2012-03-02 0.667 2.885
2012-01-31 0.667 2.846
2011-11-29 0.667 3.091
2011-11-04 0.667 3.539
2011-10-26 0.667 3.372
2011-09-27 0.667 3.506
2011-08-08 0.667 3.590
2011-07-26 0.667 3.216
2011-06-28 0.667 3.051
2011-05-09 0.667 3.082
2011-04-26 0.667 2.948
2011-03-29 0.667 2.946
2011-01-25 0.667 2.961
2010-10-26 0.667 2.756
2010-08-06 0.667 3.066
2010-07-27 0.667 3.189
2010-06-29 0.667 3.515
2010-05-07 0.667 3.259
2010-04-27 0.667 2.833
2010-03-30 0.667 2.936
2010-03-12 0.667 3.029
2010-01-26 0.667 3.296
2009-12-29 0.667 3.116
2009-10-30 0.667 3.214
2009-10-27 0.667 3.149
2009-09-29 0.667 2.991
2009-08-07 0.667 3.017
2009-07-28 0.667 2.929
2009-06-30 0.667 2.957

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Camden National's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x 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.
X
Income/ dividend checks
We assess Camden National's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Camden National afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Camden National has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Dufour
COMPENSATION $1,568,237
AGE 57
TENURE AS CEO 10.4 years
CEO Bio

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 Corporation in April 2001 as Senior Vice President of Finance. In August of 2002, he assumed additional responsibility for Operations and Technology until December 2003. In January 2004, Mr. Dufour was named Chief Banking Officer for the Company, President and Chief Operating Officer for Camden National Bank (“Bank”), and in January 2006, he became President and CEO for Bank. He also serves on the Board of Directors of Camden National Bank since 2004. Prior to joining the Company, Mr. Dufour was Managing Director of Finance and a Member of the Executive Operating Group for IBEX Capital Markets in Boston, Massachusetts. In addition to his experience at IBEX, Mr. Dufour held various financial management positions with FleetBoston Corporation and its affiliates, including Vice President and Controller of Debt Capital Markets, Controller of Investment Banking and Banking Group Controller. Mr. Dufour has served in various volunteer capacities on numerous community-related organizations and serves as Trustee of Costal Healthcare Alliance system in Rockport, Maine and as Trustee and Vice Chair of the Board of Maine Health in Portland, Maine.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Greg's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Camden National management team in years:

10.4
Average Tenure
56
Average Age
  • The average tenure for the Camden National management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Dufour

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
10.4 yrs

Debbie Jordan

TITLE
Executive VP
COMPENSATION
$717K
AGE
52
TENURE
10.8 yrs

Joanne Campbell

TITLE
Executive VP of Risk Management
COMPENSATION
$478K
AGE
55
TENURE
18.4 yrs

Tim Nightingale

TITLE
Executive VP & Senior Loan Officer
COMPENSATION
$530K
AGE
60
TENURE
12.8 yrs

Trish Rose

TITLE
Executive Vice President of Retail & Mortgage Banking
COMPENSATION
$418K
AGE
54
TENURE
1.8 yrs

Ann Bresnahan

TITLE
Secretary & Director
COMPENSATION
$57K
AGE
67
TENURE
1.8 yrs

Mike Archer

TITLE
Senior VP & Corporate Controller

Renée Smyth

TITLE
Executive VP and Chief Experience & Marketing Officer
TENURE
2.1 yrs

Edward Walbridge

TITLE
Senior Vice President and Human Resources Director

Carolyn Carson-Crosby

TITLE
Senior Vice President of Employee Relations and Engagement Manager
Board of Directors Tenure

Average tenure and age of the Camden National board of directors in years:

5.2
Average Tenure
60.5
Average Age
  • The tenure for the Camden National board of directors is about average.
Board of Directors

Larry Sterrs

TITLE
Chairman of the Board
COMPENSATION
$96K
AGE
65
TENURE
1.8 yrs

Greg Dufour

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
10.4 yrs

Ann Bresnahan

TITLE
Secretary & Director
COMPENSATION
$57K
AGE
67
TENURE
29.4 yrs

David Flanagan

TITLE
Director
COMPENSATION
$66K
AGE
65
TENURE
13.8 yrs

Katy Longley

TITLE
Director
COMPENSATION
$63K
AGE
64
TENURE
5.2 yrs

Robin Sawyer

TITLE
Director
COMPENSATION
$40K
AGE
51

James Page

TITLE
Director
COMPENSATION
$51K
AGE
66
TENURE
11.3 yrs

Carl Soderberg

TITLE
Director
COMPENSATION
$50K
AGE
55
TENURE
3.7 yrs

Craig Denekas

TITLE
Director
COMPENSATION
$55K
AGE
53
TENURE
2.2 yrs

Marie McCarthy

TITLE
Director
COMPENSATION
$27K
AGE
49
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Buy Patricia Rose Individual 14. Mar 19 14. Mar 19 482 $32.73 $15,776
18. Mar 19 Buy Deborah Jordan Individual 14. Mar 19 14. Mar 19 867 $32.73 $28,377
18. Mar 19 Buy Gregory Dufour Individual 14. Mar 19 14. Mar 19 1,607 $32.73 $52,597
18. Mar 19 Buy Joanne Campbell Individual 14. Mar 19 14. Mar 19 241 $32.73 $7,888
11. Mar 19 Sell Gregory Dufour Individual 08. Mar 19 08. Mar 19 -1,250 $43.50 $-54,375
12. Dec 18 Sell Joanne Campbell Individual 11. Dec 18 11. Dec 18 -400 $35.75 $-14,298
11. Dec 18 Buy Carl Soderberg Individual 11. Dec 18 11. Dec 18 3,000 $36.71 $110,142
11. Dec 18 Sell Joanne Campbell Individual 10. Dec 18 10. Dec 18 -2,923 $36.34 $-106,020
10. Aug 18 Buy Marie McCarthy Individual 09. Aug 18 09. Aug 18 100 $44.91 $4,491
X
Management checks
We assess Camden National's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Camden National has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Like EPS Growth Then Check Out Camden National (NASDAQ:CAC) Before It's Too Late

So if you're like me, you might be more interested in profitable, growing companies, like Camden National (NASDAQ:CAC). … Insiders both bought and sold Camden National shares in the last year, but the good news is they spent US$45k more buying than they netted selling. … So if you like the sound of Camden National, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Did Camden National's (NASDAQ:CAC) Share Price Deserve to Gain 84%?

To wit, the Camden National share price has climbed 84% in five years, easily topping the market return of 47% (ignoring dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Camden National managed to grow its earnings per share at 12% a year.

Simply Wall St -

What Kind Of Investor Owns Most Of Camden National Corporation (NASDAQ:CAC)?

The big shareholder groups in Camden National Corporation (NASDAQ:CAC) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Camden National is a smaller company with a market capitalization of US$665m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Interested In Camden National Corporation (NASDAQ:CAC)’s Upcoming US$0.30 Dividend? You Have 4 Days Left

To qualify for the dividend check of US$0.30 per share, investors must have owned the shares prior to 12 April 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

Does Camden National Corporation's (NASDAQ:CAC) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Camden National has a price to earnings ratio of 11.87, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Makes Camden National Corporation (NASDAQ:CAC) A Great Dividend Stock?

Over the past 10 years Camden National Corporation (NASDAQ:CAC) has been paying dividends to shareholders. … Let's dig deeper into whether Camden National should have a place in your portfolio. … See our latest analysis for Camden National

Simply Wall St -

Have Insiders Been Buying Camden National Corporation (NASDAQ:CAC) Shares This Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Camden National Corporation (NASDAQ:CAC). … The Last 12 Months Of Insider Transactions At Camden National.

Simply Wall St -

Should You Be Concerned About Camden National Corporation’s (NASDAQ:CAC) Risks?

As a small-cap bank with a market capitalisation of US$657m, Camden National Corporation’s (NASDAQ:CAC) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Camden National’s bottom line. … Check out our latest analysis for Camden National

Simply Wall St -

How Should Investors Feel About Camden National Corporation's (NASDAQ:CAC) CEO Pay?

Greg Dufour has been the CEO of Camden National Corporation (NASDAQ:CAC) since 2009. … How Does Greg Dufour's Compensation Compare With Similar Sized Companies. … Our data indicates that Camden National Corporation is worth US$588m, and total annual CEO compensation is US$2.0m.

Simply Wall St -

Despite Its High P/E Ratio, Is Camden National Corporation (NASDAQ:CAC) Still Undervalued?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Camden National has a price to earnings ratio of 15.18, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

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, as well as certificates of deposit. The company also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and commercial lending to the small business medical field, including dentists, optometrists, and veterinarians. As of December 31, 2018, the Bank had 60 branches in 16 counties; 71 ATMs; commercial loan production offices in Manchester and Portsmouth, New Hampshire; and a mortgage loan production office in Braintree, Massachusetts. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of investment management, financial planning, fiduciary, asset management, and wealth management services, as well as serves as trustee. The company was founded in 1875 and is headquartered in Camden, Maine.

Details
Name: Camden National Corporation
CAC
Exchange: NasdaqGS
Founded: 1875
$693,975,341
15,521,703
Website: http://www.camdennational.com
Address: Camden National Corporation
2 Elm Street,
Camden,
Maine, 04843,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CAC Common Stock Nasdaq Global Select US USD 07. Oct 1997
Number of employees
Current staff
Staff numbers
634
Camden National employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:34
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.