Camden National Co. (NASDAQ:CAC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Camden National Co. (NASDAQ:CAC) by 34.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,861 shares of the financial services provider’s stock after selling 5,213 shares during the quarter. Jane Street Group LLC owned 0.07% of Camden National worth $407,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Camden National during the second quarter worth $73,000. SG Americas Securities LLC raised its position in Camden National by 58.1% in the 3rd quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 2,602 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Camden National in the 2nd quarter valued at about $349,000. US Bancorp DE grew its position in shares of Camden National by 2.9% during the third quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock worth $461,000 after buying an additional 319 shares in the last quarter. Finally, Coston McIsaac & Partners increased its stake in shares of Camden National by 18.6% during the third quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,819 shares during the period. 77.41% of the stock is currently owned by institutional investors and hedge funds.

Camden National Stock Up 0.4 %

Camden National stock opened at $42.01 on Wednesday. The stock has a 50-day simple moving average of $45.32 and a 200-day simple moving average of $40.63. The company has a market capitalization of $612.38 million, a P/E ratio of 13.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. Camden National Co. has a fifty-two week low of $28.62 and a fifty-two week high of $50.07.

Camden National (NASDAQ:CAC) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.11. The business had revenue of $75.13 million during the quarter, compared to the consensus estimate of $43.90 million. Camden National had a return on equity of 9.95% and a net margin of 16.47%. During the same period in the prior year, the company earned $0.96 earnings per share. Equities research analysts expect that Camden National Co. will post 3.49 earnings per share for the current year.

Camden National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, January 15th. Camden National’s dividend payout ratio (DPR) is presently 52.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com began coverage on shares of Camden National in a report on Friday, January 3rd. They set a “hold” rating for the company. Raymond James raised shares of Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Friday, December 20th. Finally, Keefe, Bruyette & Woods increased their target price on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Camden National 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.