Vanguard Group Inc. Has $21.08 Million Stake in Camden National Co. (NASDAQ:CAC)

Vanguard Group Inc. raised its stake in shares of Camden National Co. (NASDAQ:CAC) by 0.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 747,018 shares of the financial services provider’s stock after purchasing an additional 6,807 shares during the period. Vanguard Group Inc. owned approximately 5.13% of Camden National worth $21,081,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CAC. PNC Financial Services Group Inc. boosted its stake in shares of Camden National by 201.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,243 shares of the financial services provider’s stock worth $35,000 after buying an additional 831 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Camden National in the 3rd quarter worth approximately $54,000. Great West Life Assurance Co. Can boosted 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 worth $74,000 after buying an additional 395 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Camden National by 2,371.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $120,000 after buying an additional 2,704 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Camden National by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,699 shares of the financial services provider’s stock worth $207,000 after buying an additional 1,189 shares during the last quarter. Institutional investors and hedge funds own 77.41% of the company’s stock.

Camden National Trading Down 1.2 %

NASDAQ:CAC opened at $29.31 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $428.81 million, a PE ratio of 9.87 and a beta of 0.74. The firm’s 50 day moving average is $31.98 and its 200 day moving average is $33.04. Camden National Co. has a 12 month low of $26.52 and a 12 month high of $39.70.

Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The company had revenue of $65.78 million for the quarter, compared to analysts’ expectations of $42.75 million. Camden National had a net margin of 16.86% and a return on equity of 10.90%. During the same quarter in the previous year, the firm posted $1.05 EPS. Sell-side analysts expect that Camden National Co. will post 3.08 earnings per share for the current year.

Camden National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.73%. Camden National’s dividend payout ratio (DPR) is presently 56.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Camden National from a “sell” rating to a “hold” rating in a research note on Thursday.

Camden National Company Profile

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.