Dean Investment Associates LLC grew its position in shares of Camden National Co. (NASDAQ:CAC - Free Report) by 36.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,557 shares of the financial services provider's stock after purchasing an additional 17,632 shares during the period. Dean Investment Associates LLC owned approximately 0.45% of Camden National worth $2,709,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CAC. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Camden National during the second quarter worth approximately $73,000. SG Americas Securities LLC grew its holdings in Camden National by 58.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider's stock worth $292,000 after acquiring an additional 2,602 shares in the last quarter. Inspire Investing LLC acquired a new position in Camden National during the 2nd quarter worth $349,000. US Bancorp DE increased its position in shares of Camden National by 2.9% in the 3rd quarter. US Bancorp DE now owns 11,166 shares of the financial services provider's stock worth $461,000 after purchasing an additional 319 shares during the last quarter. Finally, Coston McIsaac & Partners raised its stake in shares of Camden National by 18.6% in the 3rd quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider's stock valued at $480,000 after purchasing an additional 1,819 shares in the last quarter. 77.41% of the stock is owned by institutional investors and hedge funds.
Camden National Stock Performance
Shares of NASDAQ:CAC traded down $0.42 during trading on Monday, reaching $46.13. 32,374 shares of the company's stock traded hands, compared to its average volume of 51,120. The stock has a market capitalization of $672.58 million, a P/E ratio of 14.42 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. The company has a 50 day moving average of $44.13 and a 200-day moving average of $38.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.
Camden National (NASDAQ:CAC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.11. Camden National had a return on equity of 9.95% and a net margin of 16.47%. The business had revenue of $75.13 million for the quarter, compared to analysts' expectations of $43.90 million. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts expect that Camden National Co. will post 3.49 EPS for the current year.
Camden National Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, October 15th. Camden National's payout ratio is 52.50%.
Analysts Set New Price Targets
Several analysts recently weighed in on CAC shares. Keefe, Bruyette & Woods boosted their price objective on Camden National from $43.00 to $48.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com began coverage on Camden National in a report on Monday, December 2nd. They issued a "hold" rating for the company.
View Our Latest Stock Report on CAC
Camden National Company Profile
(
Free Report)
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.
Further Reading
Before you consider Camden National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camden National wasn't on the list.
While Camden National currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
