Teacher Retirement System of Texas lifted its position in shares of Camden National Co. (NASDAQ:CAC - Free Report) by 214.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,973 shares of the financial services provider's stock after acquiring an additional 19,090 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of Camden National worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in CAC. Geode Capital Management LLC grew its position in Camden National by 1.2% in the third quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider's stock valued at $14,236,000 after acquiring an additional 4,067 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Camden National by 53.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider's stock valued at $11,731,000 after purchasing an additional 99,097 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new stake in shares of Camden National during the 4th quarter valued at approximately $6,811,000. Charles Schwab Investment Management Inc. increased its position in Camden National by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 118,716 shares of the financial services provider's stock worth $5,074,000 after purchasing an additional 721 shares in the last quarter. Finally, Camden National Bank lifted its stake in Camden National by 3.2% in the 4th quarter. Camden National Bank now owns 96,537 shares of the financial services provider's stock valued at $4,126,000 after purchasing an additional 2,955 shares during the last quarter. Institutional investors and hedge funds own 77.41% of the company's stock.
Camden National Trading Up 0.2 %
Shares of CAC stock traded up $0.08 during trading hours on Wednesday, hitting $40.31. 57,453 shares of the company's stock traded hands, compared to its average volume of 62,077. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National Co. has a 12 month low of $28.62 and a 12 month high of $50.07. The stock has a market cap of $679.83 million, a PE ratio of 11.14 and a beta of 0.73. The stock's 50 day simple moving average is $43.10 and its 200 day simple moving average is $43.30.
Camden National (NASDAQ:CAC - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that Camden National Co. will post 4.25 EPS for the current year.
Camden National Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.68 annualized dividend and a yield of 4.17%. Camden National's payout ratio is 46.41%.
Analyst Ratings Changes
A number of research firms have weighed in on CAC. Keefe, Bruyette & Woods boosted their target price on shares of Camden National from $48.00 to $50.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. StockNews.com assumed coverage on Camden National in a research report on Tuesday. They set a "hold" rating on the stock. Finally, Raymond James reiterated an "outperform" rating and issued a $53.00 target price (up from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.
Check Out Our Latest Analysis on CAC
About Camden National
(
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.
Featured Stories
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
