Foundations Investment Advisors LLC Purchases Shares of 6,559 Camden National Co. (NASDAQ:CAC)

Foundations Investment Advisors LLC acquired a new stake in shares of Camden National Co. (NASDAQ:CAC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,559 shares of the financial services provider's stock, valued at approximately $280,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Camden National by 18,500.0% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Camden National in the 2nd quarter worth about $73,000. SG Americas Securities LLC lifted its position 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 valued at $292,000 after acquiring an additional 2,602 shares during the period. Clark & Stuart Inc bought a new stake in Camden National during the fourth quarter worth about $434,000. Finally, US Bancorp DE grew its holdings in Camden National by 2.9% in the third 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 period. 77.41% of the stock is currently owned by institutional investors.

Camden National Stock Up 2.6 %

Shares of CAC traded up $1.15 on Tuesday, hitting $45.56. 62,006 shares of the stock traded hands, compared to its average volume of 85,196. Camden National Co. has a one year low of $28.62 and a one year high of $50.07. The company has a market capitalization of $664.26 million, a PE ratio of 12.59 and a beta of 0.77. The business has a 50 day simple moving average of $44.39 and a 200 day simple moving average of $42.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82.

Camden National (NASDAQ:CAC - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 posted $0.85 earnings per share. As a group, equities analysts forecast that Camden National Co. will post 4.16 earnings per share for the current fiscal year.

Camden National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.69%. The ex-dividend date was Wednesday, January 15th. Camden National's dividend payout ratio is currently 46.41%.

Analyst Ratings Changes

A number of brokerages have recently commented on CAC. Keefe, Bruyette & Woods boosted their price target on Camden National from $48.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Raymond James reissued an "outperform" rating and issued a $53.00 target price (up from $50.00) on shares of Camden National in a report on Wednesday, January 29th. Finally, StockNews.com assumed coverage on Camden National in a research note on Tuesday. They issued a "hold" rating on the stock.

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.