Intech Investment Management LLC acquired a new position in shares of Camden National Co. (NASDAQ:CAC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,059 shares of the financial services provider's stock, valued at approximately $259,000.
Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its position in Camden National by 2.8% in the fourth quarter. US Bancorp DE now owns 11,474 shares of the financial services provider's stock worth $490,000 after acquiring an additional 308 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Camden National by 1.8% in the 4th quarter. Rhumbline Advisers now owns 23,204 shares of the financial services provider's stock valued at $992,000 after purchasing an additional 415 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Camden National by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider's stock worth $4,876,000 after purchasing an additional 674 shares in the last quarter. Coston McIsaac & Partners increased its position in Camden National by 11.8% during the fourth quarter. Coston McIsaac & Partners now owns 12,997 shares of the financial services provider's stock worth $555,000 after buying an additional 1,376 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Camden National by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 88,236 shares of the financial services provider's stock valued at $3,771,000 after buying an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 77.41% of the company's stock.
Camden National Stock Performance
Shares of Camden National stock traded down $0.84 during trading on Friday, reaching $40.61. The company's stock had a trading volume of 64,111 shares, compared to its average volume of 61,823. Camden National Co. has a one year low of $28.62 and a one year high of $50.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $684.89 million, a price-to-earnings ratio of 11.22 and a beta of 0.73. The business's fifty day moving average price is $43.33 and its 200-day moving average price is $43.29.
Camden National (NASDAQ:CAC - Get Free Report) last issued its quarterly 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 period in the prior year, the company posted $0.85 EPS. As a group, equities research analysts predict that Camden National Co. will post 4.25 earnings per share for the current year.
Camden National Dividend Announcement
The business 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Tuesday, April 15th. Camden National's dividend payout ratio (DPR) is presently 46.41%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Raymond James reiterated an "outperform" rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price 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. Finally, StockNews.com initiated coverage on shares of Camden National in a research report on Monday, March 24th. They issued a "hold" rating on the stock.
Check Out 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.
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