Camden National Corporation (NASDAQ:CAC) banking and financial services provider, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.81 per share.
Looking ahead, the full year income are expected at $ 3.25 per share on the revenues of $ 181.85 million.
Previous Quarter Performance
Camden National Corporation outlined income for the second quarter of $ 0.73 per share, from the revenue of $ 46.60 million. The quarterly earnings dropped 14.12 percent while revenues boosted 11.99 percent compared with the same quarter last year. The top line results outshined analysts by $ 2.56 million or 5.81 percent.
Stock Performance
Shares of Camden National Corporation traded low $ -0.02 or -0.06 percent on Friday, reaching $ 33.46 with volume of 22.40 thousand shares. Camden National Corporation has traded high as $ 33.88 and has cracked $ 33.01 on the downward trend
According to the previous trading day, closing price of $ 33.46, representing a 30.07 % increase from the 52 week low of $ 25.74 and a 30.94 % decrease over the 52 week high of $ 48.48.
The company has a market capital of $ 500.67 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Camden National Corporation will be hosting a conference call at 3:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.camdennational.com
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.
