Barclays PLC Buys 13,542 Shares of Camden National Co. (NASDAQ:CAC)

Barclays PLC raised its holdings in Camden National Co. (NASDAQ:CAC - Free Report) by 38.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,339 shares of the financial services provider's stock after buying an additional 13,542 shares during the quarter. Barclays PLC owned about 0.33% of Camden National worth $1,998,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kimelman & Baird LLC bought a new position in Camden National in the second quarter worth about $4,943,000. Segall Bryant & Hamill LLC purchased a new position in shares of Camden National during the 3rd quarter worth approximately $1,729,000. Dimensional Fund Advisors LP raised its position in shares of Camden National by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider's stock worth $27,605,000 after acquiring an additional 26,450 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Camden National in the 2nd quarter worth approximately $757,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Camden National by 194.1% during the third quarter. Assenagon Asset Management S.A. now owns 33,344 shares of the financial services provider's stock valued at $1,378,000 after purchasing an additional 22,007 shares in the last quarter. 77.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Raymond James raised Camden National from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods increased their price target on shares of Camden National from $43.00 to $48.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com assumed coverage on shares of Camden National in a report on Thursday. They issued a "hold" rating on the stock.

Camden National Stock Down 1.2 %

Shares of NASDAQ CAC traded down $0.53 during trading on Friday, reaching $42.83. The company had a trading volume of 64,626 shares, compared to its average volume of 51,933. The business's 50-day moving average is $45.13 and its 200 day moving average is $39.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $624.33 million, a PE ratio of 13.38 and a beta of 0.75. Camden National Co. has a 12-month low of $28.62 and a 12-month high of $50.07.

Camden National (NASDAQ:CAC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.83 by $0.11. The company had revenue of $75.13 million for the quarter, compared to the consensus estimate of $43.90 million. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same period in the prior year, the firm posted $0.96 EPS. As a group, equities analysts forecast that Camden National Co. will post 3.49 earnings per share for the current fiscal year.

Camden National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.92%. Camden National's payout ratio is currently 52.50%.

Camden National Company Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.