Vanguard Group Inc. Sells 8,487 Shares of Camden National Co. (NASDAQ:CAC)

Vanguard Group Inc. decreased its position in shares of Camden National Co. (NASDAQ:CAC) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 797,235 shares of the financial services provider’s stock after selling 8,487 shares during the quarter. Vanguard Group Inc. owned approximately 5.47% of Camden National worth $34,074,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Camden National by 18,500.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,850 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Camden National during the 4th quarter worth about $103,000. Quantbot Technologies LP bought a new position in Camden National in the 4th quarter worth about $106,000. AlphaQuest LLC grew its holdings in Camden National by 2,615.3% during the 4th quarter. AlphaQuest LLC now owns 4,263 shares of the financial services provider’s stock valued at $182,000 after buying an additional 4,106 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Camden National during the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 77.41% of the company’s stock.

Camden National Stock Down 0.2 %

Shares of NASDAQ CAC opened at $36.44 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $41.68 and a 200-day moving average of $43.13. The firm has a market capitalization of $614.56 million, a price-to-earnings ratio of 10.07 and a beta of 0.61. Camden National Co. has a 12 month low of $28.62 and a 12 month high of $50.07.

Camden National (NASDAQ:CAC) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share (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 quarter last year, the firm earned $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 Dividend Announcement

The business 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 $0.42 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.68 annualized dividend and a yield of 4.61%. Camden National’s dividend payout ratio (DPR) is presently 46.41%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CAC shares. Keefe, Bruyette & Woods raised their price objective on shares of Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. StockNews.com initiated coverage on shares of Camden National in a report on Wednesday, April 9th. They issued a “hold” rating for the company. Finally, Raymond James reaffirmed an “outperform” rating and issued a $53.00 price target (up previously from $50.00) on shares of Camden National in a report on Wednesday, January 29th.

About Camden National

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.