Dimensional Fund Advisors LP Boosts Stock Holdings in Camden National Co. (NASDAQ:CAC)

Dimensional Fund Advisors LP grew its position in Camden National Co. (NASDAQ:CAC - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 858,979 shares of the financial services provider's stock after buying an additional 15,822 shares during the period. Dimensional Fund Advisors LP owned approximately 5.89% of Camden National worth $36,713,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in shares of Camden National in the fourth quarter worth about $46,000. Nisa Investment Advisors LLC boosted its stake in Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,850 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Camden National during the fourth quarter valued at approximately $103,000. Quantbot Technologies LP purchased a new position in shares of Camden National in the fourth quarter worth $106,000. Finally, AlphaQuest LLC boosted its position in shares of Camden National by 2,615.3% during the fourth quarter. AlphaQuest LLC now owns 4,263 shares of the financial services provider's stock worth $182,000 after acquiring an additional 4,106 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CAC shares. Keefe, Bruyette & Woods decreased their target price on Camden National from $48.00 to $47.00 and set a "market perform" rating on the stock in a research report on Wednesday. Raymond James reissued an "outperform" rating and issued a $53.00 price objective (up from $50.00) on shares of Camden National in a research report on Wednesday, January 29th. Finally, StockNews.com started coverage on shares of Camden National in a research note on Saturday, May 3rd. They issued a "hold" rating on the stock.

Camden National Stock Up 2.4 %

CAC traded up $0.95 during trading on Thursday, hitting $40.20. The stock had a trading volume of 64,012 shares, compared to its average volume of 67,716. Camden National Co. has a twelve month low of $30.78 and a twelve month high of $50.07. The stock has a 50 day simple moving average of $39.53 and a two-hundred day simple moving average of $42.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $678.82 million, a PE ratio of 11.10 and a beta of 0.64.

Camden National (NASDAQ:CAC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Camden National had a net margin of 18.02% and a return on equity of 10.38%. The company had revenue of $60.05 million during the quarter, compared to analysts' expectations of $57.63 million. On average, research analysts predict that Camden National Co. will post 4.25 earnings per share for the current year.

Camden National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.68 dividend on an annualized basis and a yield of 4.18%. Camden National's dividend payout ratio is currently 46.41%.

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.