Camden National Co. (NASDAQ:CAC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Camden National Co. (NASDAQ:CAC) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,322 shares of the financial services provider’s stock after acquiring an additional 6,544 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Camden National worth $1,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAC. Franklin Resources Inc. grew its holdings in shares of Camden National by 7.4% in the 4th quarter. Franklin Resources Inc. now owns 1,311,526 shares of the financial services provider’s stock worth $56,055,000 after acquiring an additional 90,485 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Camden National by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 858,979 shares of the financial services provider’s stock valued at $36,713,000 after purchasing an additional 15,822 shares during the period. JPMorgan Chase & Co. increased its stake in Camden National by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 319,794 shares of the financial services provider’s stock worth $13,668,000 after purchasing an additional 35,883 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Camden National by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 289,800 shares of the financial services provider’s stock worth $12,386,000 after buying an additional 7,500 shares during the period. Finally, American Century Companies Inc. raised its holdings in Camden National by 0.7% during the 4th quarter. American Century Companies Inc. now owns 206,804 shares of the financial services provider’s stock worth $8,839,000 after buying an additional 1,508 shares during the period. 77.41% of the stock is owned by institutional investors and hedge funds.

Camden National Stock Up 2.4%

Shares of Camden National stock opened at $39.53 on Monday. Camden National Co. has a 1 year low of $30.78 and a 1 year high of $50.07. The company has a market cap of $667.50 million, a P/E ratio of 10.92 and a beta of 0.63. 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 stock has a 50-day moving average price of $38.96 and a 200 day moving average price of $42.10.

Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $60.05 million during the quarter, compared to analysts’ expectations of $57.63 million. Camden National had a return on equity of 10.38% and a net margin of 18.02%. As a group, analysts expect that Camden National Co. will post 4.25 EPS for the current fiscal year.

Camden National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a $0.42 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.68 dividend on an annualized basis and a yield of 4.25%. Camden National’s payout ratio is 53.50%.

Analysts Set New Price Targets

Several research analysts have commented on CAC shares. Keefe, Bruyette & Woods dropped their target price on shares of Camden National from $48.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen assumed coverage on shares of Camden National in a research note on Monday, May 19th. They issued a “hold” rating for the company.

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.