1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its position in Camden National Co. (NASDAQ:CAC – Free Report) by 12.
6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. A number of other hedge funds also recently added to or reduced their stakes in CAC.
Nisa Investment Advisors LLC raised its holdings in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,850 shares in the last quarter.
KLP Kapitalforvaltning AS purchased a new position in Camden National during the fourth quarter valued at approximately $103,000. Quantbot Technologies LP bought a new position in Camden National in the fourth quarter worth approximately $106,000. AlphaQuest LLC lifted its holdings in Camden National by 2,615.
3% during the fourth quarter. AlphaQuest LLC now owns 4,263 shares of the financial services provider’s stock worth $182,000 after buying an additional 4,106 shares during the period. Finally, Raymond James Financial Inc.
bought a new stake in Camden National during the 4th quarter valued at $210,000. 77.41% of the stock is owned by hedge funds and other institutional investors.
Camden National Trading Down 0.2 %Camden National stock opened at $36.44 on Friday.
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 stock has a market cap of $614.56 million, a PE ratio of 10.
07 and a beta of 0.61. The stock has a 50-day moving average of $41.
68 and a two-hundred day moving average of $43.10. Camden National Co.
has a one year low of $28.62 and a one year high of $50.07.
Camden National (NASDAQ:CAC – Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 EPS 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 last year, the company posted $0.
85 earnings per share. On average, research analysts anticipate that Camden National Co. will post 4.
25 EPS for the current fiscal year. Camden National Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.
42 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.
68 dividend on an annualized basis and a yield of 4.61%. Camden National’s dividend payout ratio is presently 46.
41%. Analysts Set New Price TargetsA number of equities research analysts recently weighed in on CAC shares. Keefe, Bruyette & Woods upped their price objective on Camden National from $48.
00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. StockNews.
com started coverage on shares of Camden National in a research report on Wednesday. They set a “hold” rating for the company. Finally, Raymond James reaffirmed an “outperform” rating and issued a $53.
00 price objective (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.View Our Latest Research Report on Camden NationalCamden National 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.Recommended StoriesFive stocks we like better than Camden NationalFinancial Services Stocks InvestingRobinhood Strategies Could Be a Game-Changer for Young InvestorsUnveiling The Power Of VWAP: A Key Indicator For TradersAre These 3 Retail Stocks Oversold or Really in Trouble?Biggest Stock Losers – Today’s Biggest Percentage DeclinersIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
