Camden National Co. (NASDAQ:CAC) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Camden National Co. (NASDAQ:CAC) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,166 shares of the financial services provider’s stock after acquiring an additional 319 shares during the quarter. US Bancorp DE owned 0.08% of Camden National worth $461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAC. Kimelman & Baird LLC purchased a new position in shares of Camden National in the second quarter valued at $4,943,000. ProShare Advisors LLC increased its position in shares of Camden National by 13.2% in the first quarter. ProShare Advisors LLC now owns 239,468 shares of the financial services provider’s stock valued at $8,027,000 after buying an additional 28,007 shares in the last quarter. Creative Planning increased its position in shares of Camden National by 65.3% in the third quarter. Creative Planning now owns 34,590 shares of the financial services provider’s stock valued at $1,429,000 after buying an additional 13,663 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Camden National by 194.1% in the third quarter. Assenagon Asset Management S.A. now owns 33,344 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 22,007 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Camden National during the 2nd quarter worth about $757,000. Institutional investors and hedge funds own 77.41% of the company’s stock.

Camden National Stock Up 3.3 %

CAC opened at $49.50 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $721.22 million, a price-to-earnings ratio of 15.39 and a beta of 0.72. The business has a 50-day moving average of $40.73 and a two-hundred day moving average of $36.72. Camden National Co. has a 12 month low of $28.62 and a 12 month high of $50.05.

Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.83 by $0.11. The company had revenue of $75.13 million during the quarter, compared to analysts’ expectations of $43.90 million. Camden National had a return on equity of 10.09% and a net margin of 16.47%. During the same quarter in the previous year, the business earned $0.96 EPS. On average, research analysts expect that Camden National Co. will post 3.45 earnings per share for the current year.

Camden National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Tuesday, October 15th. Camden National’s payout ratio is currently 52.50%.

Analyst Upgrades and Downgrades

CAC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Camden National from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 11th. Stephens lifted their price objective on Camden National from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, StockNews.com initiated coverage on Camden National in a research report on Friday. They set a “hold” rating for the company.

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.