1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in Camden National Co. ( NASDAQ:CAC – Free Report ) by 12.
6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 319,794 shares of the financial services provider’s stock after acquiring an additional 35,883 shares during the period.
JPMorgan Chase & Co.’s holdings in Camden National were worth $13,668,000 at the end of the most recent quarter. Several other hedge funds have also made changes to their positions in CAC.
Geode Capital Management LLC lifted its position in Camden National by 1.2% in the third quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock valued at $14,236,000 after buying an additional 4,067 shares during the last quarter.
American Century Companies Inc. lifted its holdings in shares of Camden National by 0.7% in the 4th quarter.
American Century Companies Inc. now owns 206,804 shares of the financial services provider’s stock worth $8,839,000 after acquiring an additional 1,508 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of Camden National during the 4th quarter worth approximately $6,811,000.
Charles Schwab Investment Management Inc. increased its holdings in Camden National by 0.6% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 118,716 shares of the financial services provider’s stock valued at $5,074,000 after purchasing an additional 721 shares during the last quarter. Finally, Camden National Bank raised its position in Camden National by 3.
2% in the fourth quarter. Camden National Bank now owns 96,537 shares of the financial services provider’s stock valued at $4,126,000 after purchasing an additional 2,955 shares during the period. Hedge funds and other institutional investors own 77.
41% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on CAC. StockNews.
com started coverage on Camden National in a research note on Wednesday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods boosted their price target on shares of Camden National from $48.
00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, Raymond James reissued an “outperform” rating and issued a $53.
00 price objective (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Camden National Trading Down 0.
2 % CAC opened at $36.44 on Friday. The business has a fifty day moving average price of $41.
68 and a 200 day moving average price of $43.10. The company has a debt-to-equity ratio of 0.
08, a current ratio of 0.82 and a quick ratio of 0.82.
Camden National Co. has a 12 month low of $28.62 and a 12 month high of $50.
07. The stock has a market capitalization of $614.56 million, a price-to-earnings ratio of 10.
07 and a beta of 0.61. Camden National ( NASDAQ:CAC – Get Free Report ) last posted 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 net margin of 18.02% and a return on equity of 10.
38%. During the same quarter in the previous year, the firm posted $0.85 earnings per share.
Sell-side analysts expect that Camden National Co. will post 4.25 earnings per share for the current fiscal year.
Camden National Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.42 dividend.
This represents a $1.68 dividend on an annualized basis and a yield of 4.61%.
The ex-dividend date of this dividend is Tuesday, April 15th. Camden National’s dividend payout ratio is presently 46.41%.
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. Recommended Stories Want to see what other hedge funds are holding CAC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Camden National Co. ( NASDAQ:CAC – Free Report ). Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with MarketBeat.
com's FREE daily email newsletter ..
