JPMorgan Chase & Co. boosted its position in Camden National Co. (NASDAQ:CAC - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 319,794 shares of the financial services provider's stock after acquiring an additional 35,883 shares during the quarter. JPMorgan Chase & Co. owned 2.19% of Camden National worth $13,668,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in CAC. LPL Financial LLC lifted its holdings in shares of Camden National by 3.8% in the 4th quarter. LPL Financial LLC now owns 6,982 shares of the financial services provider's stock worth $298,000 after acquiring an additional 257 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Camden National in the 4th quarter worth $103,000. Sei Investments Co. lifted its stake in Camden National by 63.1% in the fourth quarter. Sei Investments Co. now owns 12,403 shares of the financial services provider's stock worth $530,000 after purchasing an additional 4,797 shares during the last quarter. American Century Companies Inc. boosted its position in Camden National by 0.7% during the fourth quarter. American Century Companies Inc. now owns 206,804 shares of the financial services provider's stock valued at $8,839,000 after buying an additional 1,508 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Camden National during the fourth quarter valued at about $106,000. Hedge funds and other institutional investors own 77.41% of the company's stock.
Camden National Trading Up 1.0 %
NASDAQ CAC traded up $0.37 on Thursday, hitting $37.79. The company's stock had a trading volume of 28,324 shares, compared to its average volume of 90,250. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National Co. has a 52-week low of $28.62 and a 52-week high of $50.07. The firm has a market cap of $638.17 million, a P/E ratio of 10.44 and a beta of 0.61. The company's 50-day simple moving average is $41.17 and its 200 day simple moving average is $43.03.
Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings results 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 net margin of 18.02% and a return on equity of 10.38%. During the same period in the previous year, the company earned $0.85 EPS. Research analysts predict that Camden National Co. will post 4.25 EPS for the current fiscal year.
Camden National Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Tuesday, April 15th. This represents a $1.68 annualized dividend and a yield of 4.45%. Camden National's dividend payout ratio (DPR) is presently 46.41%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CAC shares. Raymond James restated an "outperform" rating and set a $53.00 target price (up from $50.00) on shares of Camden National in a report on Wednesday, January 29th. StockNews.com began coverage on shares of Camden National in a report on Thursday. They issued a "hold" rating on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Camden National from $48.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th.
View Our Latest Report on Camden National
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.
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