Camden National Co. (NASDAQ:CAC) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of Camden National Co. (NASDAQ:CAC - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 289,800 shares of the financial services provider's stock after buying an additional 7,500 shares during the period. Renaissance Technologies LLC owned 1.99% of Camden National worth $12,386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in shares of Camden National during the 4th quarter valued at approximately $46,000. Nisa Investment Advisors LLC lifted its holdings in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,850 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Camden National during the 4th quarter valued at approximately $103,000. Quantbot Technologies LP bought a new position in Camden National during the 4th quarter worth $106,000. Finally, AlphaQuest LLC lifted its stake in Camden National by 2,615.3% in the fourth quarter. AlphaQuest LLC now owns 4,263 shares of the financial services provider's stock valued at $182,000 after buying an additional 4,106 shares during the last quarter. Hedge funds and other institutional investors own 77.41% of the company's stock.

Camden National Price Performance

Shares of NASDAQ CAC traded up $0.32 during mid-day trading on Friday, reaching $37.74. 90,631 shares of the company traded hands, compared to its average volume of 65,892. The stock has a fifty day simple moving average of $41.03 and a 200-day simple moving average of $43.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $637.28 million, a PE ratio of 10.43 and a beta of 0.61. Camden National Co. has a fifty-two week low of $28.64 and a fifty-two week high of $50.07.

Camden National (NASDAQ:CAC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating 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 period last year, the business earned $0.85 earnings per share. Equities research analysts anticipate that Camden National Co. will post 4.25 EPS for the current fiscal year.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.42 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.45%. Camden National's payout ratio is currently 46.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Camden National from $48.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Raymond James reaffirmed an "outperform" rating and set a $53.00 target price (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Finally, StockNews.com began coverage on Camden National in a research note on Thursday. They issued a "hold" rating for the company.

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.