Camden National Corporation is an AMEX listed security that has been trading in a range between $36.03 and $47.97 over the past year. With 6,621,080 shares outstanding, a recent price of $37.80 gives a total market capitalization of $248,025,651. While there are certainly larger companies, Camden National Corporation has definitely earned its place in the pack. Last year, Camden National Corporation created $3.00 in earnings for every share outstanding.
Camden National Corporation is currently priced by the market at 12.50 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Camden National Corporation could be an interesting value proposition.
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