Qube Research & Technologies Ltd bought a new position in Camden National Co. (NASDAQ:CAC – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,655 shares of the financial services provider's stock, valued at approximately $313,000.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in Camden National by 55.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 6,480 shares of the financial services provider's stock valued at $312,000 after purchasing an additional 2,323 shares during the last quarter. Fiduciary Trust Co. lifted its position in Camden National by 191.7% in the fourth quarter. Fiduciary Trust Co. now owns 45,280 shares of the financial services provider's stock valued at $2,181,000 after purchasing an additional 29,755 shares during the last quarter. First Trust Advisors LP lifted its position in Camden National by 11.8% in the fourth quarter. First Trust Advisors LP now owns 30,979 shares of the financial services provider's stock valued at $1,492,000 after purchasing an additional 3,258 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Camden National in the first quarter valued at approximately $2,217,000. Finally, Dean Investment Associates LLC lifted its position in Camden National by 22.8% in the fourth quarter. Dean Investment Associates LLC now owns 61,046 shares of the financial services provider's stock valued at $2,940,000 after purchasing an additional 11,334 shares during the last quarter. Institutional investors own 66.03% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens downgraded Camden National from an "overweight" rating to an "equal weight" rating and set a $48.00 price objective for the company. in a research report on Thursday, August 4th.

Camden National Price Performance

Camden National (NASDAQ:CAC – Get Rating) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $47.68 million for the quarter, compared to analysts' expectations of $47.20 million. Camden National had a net margin of 31.49% and a return on equity of 12.51%. During the same period last year, the firm posted $1.21 earnings per share. On average, equities research analysts predict that Camden National Co. will post 4.28 EPS for the current year.

Camden National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.60 annualized dividend and a yield of 3.44%. Camden National's payout ratio is 37.83%.

Camden National Profile

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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. 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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