| Over a week ago | ||||
Reports Q4 Provision for… Reports Q4 Provision for loan losses 2.86M and total charge-offs $2.40M. "We continue to actively manage our capital through various strategies," said the company. "In 2019, we returned nearly $20.8M of capital to shareholders through the repurchase of 488,052 shares of Camden National common stock, and in December announced an increase in our quarterly dividend rate of 10%. As we balance our capital needs and generation of shareholder value, we believed it was the right time to increase our return of capital to shareholders." | ||||
| Over a month ago | ||||
Janney Montgomery Scott… Janney Montgomery Scott analyst Jake Civiello initiated coverage of Camden National with a Neutral rating and $48 fair value estimate, noting that it is the largest publicly-traded commercial bank in Maine and has the second largest market share of mortgage originations in the state. He contends that the current market valuation appears "fair," Civiello tell investors. | ||||
Camden National announced… Camden National announced that the board of directors of the Company declared a quarterly dividend of 33 per share, an increase of 3c per share, or 10%. This quarterly payout results in an annualized dividend yield of 2.93% based on the December 16 closing price of the Company's common stock at $45.05 per share as reported by NASDAQ. The dividend is payable on January 31, 2020 to shareholders of record on January 15, 2020. | ||||
Raymond James analyst… Raymond James analyst William Wallace initiated coverage of Camden National, the largest publicly-traded bank based in Northern New England, with a Market Perform rating. He sees Camden National with opportunities for "decent organic growth" in its home market of Maine, and thinks management is focused on expanding and growing in Southern Maine, where there are relatively more attractive opportunities, but he thinks the franchise value is fairly reflected in current premium valuation of the stock, Wallace tells investors. | ||||
Raymond James initiated… Raymond James initiated coverage of Camden National with a Market Perform rating. | ||||
| Over a quarter ago | ||||
Reports Q2 annualized net… Reports Q2 annualized net charge-offs to average loans for the Q2 were 0.03%, compared to 0.04% and 0.07% for three and six months ended June 30, 2018. | ||||
Eastern Banks Symposium… Eastern Banks Symposium will be held in Washington, D.C. on May 13-May 14. | ||||
Eastern Banks Symposium… Eastern Banks Symposium will be held in Washington, D.C. on May 13-May 14. | ||||
Reports Q1 book value per… Reports Q1 book value per share $29.16 compared to $27.95 in the previous quarter. | ||||
ABA Risk Management… ABA Risk Management Conference will be held in Austin, TX on April 7-9. | ||||