Means Investment CO. Inc. boosted its position in shares of Camden National Co. (NASDAQ:CAC – Get Rating) by 8.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 49,963 shares of the financial services provider's stock after buying an additional 3,743 shares during the period. Means Investment CO. Inc.'s holdings in Camden National were worth $2,201,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Camden National during the 1st quarter worth about $33,000. Great West Life Assurance Co. Can increased its stake in shares of Camden National by 36.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,493 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 395 shares in the last quarter. Amalgamated Bank purchased a new stake in Camden National during the 1st quarter worth approximately $83,000. Addison Advisors LLC increased its stake in Camden National by 748.7% during the 1st quarter. Addison Advisors LLC now owns 3,641 shares of the financial services provider's stock worth $171,000 after buying an additional 3,212 shares in the last quarter. Finally, Lmcg Investments LLC acquired a new position in shares of Camden National during the 1st quarter worth approximately $239,000. 67.96% of the stock is currently owned by hedge funds and other institutional investors.
Get Camden National alerts:Analysts Set New Price Targets
Separately, Stephens cut Camden National from an "overweight" rating to an "equal weight" rating and set a $48.00 price objective on the stock. in a report on Thursday, August 4th.
Camden National Stock Performance
NASDAQ CAC opened at $43.39 on Friday. Camden National Co. has a 1 year low of $41.48 and a 1 year high of $52.16. The company has a market capitalization of $634.80 million, a PE ratio of 10.26 and a beta of 0.78. The company has a fifty day moving average of $45.71 and a two-hundred day moving average of $45.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76.Camden National (NASDAQ:CAC – Get Rating) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). Camden National had a net margin of 31.49% and a return on equity of 12.51%. The company had revenue of $47.68 million during the quarter, compared to analysts' expectations of $47.20 million. During the same period last year, the business posted $1.21 earnings per share. As a group, analysts expect that Camden National Co. will post 4.31 earnings per share for the current year.
Camden National Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a $0.40 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.69%. Camden National's dividend payout ratio (DPR) is presently 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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