Camden National Co. (NASDAQ:CAC) Shares Sold by Clean Yield Group

Clean Yield Group lessened its stake in Camden National Co. (NASDAQ:CAC) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,562 shares of the financial services provider’s stock after selling 1,449 shares during the quarter. Camden National comprises approximately 1.4% of Clean Yield Group’s holdings, making the stock its 21st biggest holding. Clean Yield Group’s holdings in Camden National were worth $4,469,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Camden National by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider’s stock valued at $27,605,000 after acquiring an additional 26,450 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Camden National by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock valued at $14,236,000 after purchasing an additional 4,067 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Camden National by 53.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider’s stock worth $11,731,000 after purchasing an additional 99,097 shares during the period. Renaissance Technologies LLC increased its position in Camden National by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 282,200 shares of the financial services provider’s stock worth $9,313,000 after purchasing an additional 3,600 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Camden National by 11.1% in the second quarter. American Century Companies Inc. now owns 182,690 shares of the financial services provider’s stock valued at $6,029,000 after buying an additional 18,294 shares during the period. 77.41% of the stock is owned by hedge funds and other institutional investors.

Camden National Stock Up 0.6 %

CAC stock traded up $0.26 during midday trading on Monday, hitting $41.77. 65,038 shares of the company’s stock were exchanged, compared to its average volume of 93,607. The stock has a market capitalization of $608.88 million, a price-to-earnings ratio of 13.05 and a beta of 0.76. 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 firm has a 50 day moving average price of $45.29 and a 200-day moving average price of $40.91. Camden National Co. has a 12-month low of $28.62 and a 12-month high of $50.07.

Camden National (NASDAQ:CAC) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The business had revenue of $75.13 million for the quarter, compared to analyst estimates of $43.90 million. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts anticipate that Camden National Co. will post 3.49 EPS for the current year.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.68 annualized dividend and a yield of 4.02%. Camden National’s payout ratio is 52.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CAC. StockNews.com started coverage on shares of Camden National in a research report on Saturday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised their price objective on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James upgraded Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Friday, December 20th.

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.