Camden National Co. (NASDAQ:CAC) Stock Holdings Trimmed by Sky Investment Group LLC

Sky Investment Group LLC lessened its position in shares of Camden National Co. (NASDAQ:CAC) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,400 shares of the financial services provider’s stock after selling 700 shares during the period. Sky Investment Group LLC’s holdings in Camden National were worth $274,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Camden National by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 23,077 shares of the financial services provider’s stock valued at $762,000 after buying an additional 319 shares during the last quarter. US Bancorp DE grew its holdings 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 valued at $461,000 after purchasing an additional 319 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Camden National by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock worth $4,876,000 after purchasing an additional 674 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Camden National by 3.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 30,435 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 900 shares during the last quarter. Finally, Coston McIsaac & Partners boosted its position in Camden National by 18.6% during the 3rd quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 1,819 shares during the period. Institutional investors and hedge funds own 77.41% of the company’s stock.

Analyst Ratings Changes

CAC has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on Camden National from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com initiated coverage on shares of Camden National in a report on Sunday. They issued a “hold” rating on the stock. Finally, Raymond James raised shares of Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Friday, December 20th.

Camden National Trading Up 0.4 %

Shares of CAC stock opened at $44.05 on Tuesday. Camden National Co. has a 1 year low of $28.62 and a 1 year high of $50.07. The firm has a market capitalization of $642.12 million, a PE ratio of 13.77 and a beta of 0.76. The stock has a fifty day moving average of $44.94 and a two-hundred day moving average of $41.37. 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 (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, topping 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 net margin of 16.47% and a return on equity of 9.95%. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, research analysts expect that Camden National Co. will post 3.49 EPS for the current year.

Camden National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.81%. Camden National’s dividend payout ratio is presently 52.50%.

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.