UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Camden National Co. (NASDAQ:CAC - Free Report) by 23.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,322 shares of the financial services provider's stock after purchasing an additional 6,544 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Camden National worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CAC. Franklin Resources Inc. boosted its position in Camden National by 7.4% during the 4th quarter. Franklin Resources Inc. now owns 1,311,526 shares of the financial services provider's stock worth $56,055,000 after purchasing an additional 90,485 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Camden National by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 858,979 shares of the financial services provider's stock worth $36,713,000 after purchasing an additional 15,822 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Camden National by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 319,794 shares of the financial services provider's stock worth $13,668,000 after buying an additional 35,883 shares during the period. Renaissance Technologies LLC grew its stake in shares of Camden National by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 289,800 shares of the financial services provider's stock valued at $12,386,000 after buying an additional 7,500 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of 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 valued at $8,839,000 after buying an additional 1,508 shares during the period. 77.41% of the stock is currently owned by hedge funds and other institutional investors.
Camden National Stock Down 0.5%
Shares of CAC stock traded down $0.19 during mid-day trading on Thursday, reaching $39.92. 42,237 shares of the company were exchanged, compared to its average volume of 69,262. 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 business's 50 day simple moving average is $39.08 and its 200 day simple moving average is $42.02. The company has a market capitalization of $674.09 million, a P/E ratio of 11.03 and a beta of 0.63. Camden National Co. has a fifty-two week low of $30.78 and a fifty-two week high of $50.07.
Camden National (NASDAQ:CAC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $57.63 million. Research analysts predict that Camden National Co. will post 4.25 earnings per share for the current year.
Camden National Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, April 15th. Camden National's dividend payout ratio is presently 53.50%.
Wall Street Analyst Weigh In
CAC has been the subject of a number of analyst reports. Wall Street Zen assumed coverage on Camden National in a report on Monday, May 19th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods cut their price objective on shares of Camden National from $48.00 to $47.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th.
Read Our Latest Stock Analysis on CAC
About Camden National
(
Free Report)
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.
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