Camden National Co. (NASDAQ:CAC) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Camden National Co. (NASDAQ:CAC - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,796 shares of the financial services provider's stock after buying an additional 6,724 shares during the quarter. Northern Trust Corp owned about 0.99% of Camden National worth $6,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Camden National by 38.9% during the third quarter. Barclays PLC now owns 48,339 shares of the financial services provider's stock valued at $1,998,000 after buying an additional 13,542 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Camden National by 18,500.0% during 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. SG Americas Securities LLC increased its holdings in Camden National by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 8,952 shares of the financial services provider's stock valued at $383,000 after purchasing an additional 1,875 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Camden National in the fourth quarter valued at about $280,000. Finally, Coston McIsaac & Partners lifted its stake in shares of Camden National by 11.8% during the fourth quarter. Coston McIsaac & Partners now owns 12,997 shares of the financial services provider's stock worth $555,000 after purchasing an additional 1,376 shares in the last quarter. 77.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CAC. Keefe, Bruyette & Woods reduced their price target on 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. Raymond James reissued an "outperform" rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th. Finally, Wall Street Zen initiated coverage on shares of Camden National in a report on Monday, May 19th. They issued a "hold" rating on the stock.

Camden National Stock Down 0.7%

NASDAQ:CAC traded down $0.28 during mid-day trading on Friday, reaching $39.32. The stock had a trading volume of 56,489 shares, compared to its average volume of 68,925. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $663.96 million, a price-to-earnings ratio of 10.86 and a beta of 0.64. Camden National Co. has a 1-year low of $30.78 and a 1-year high of $50.07. The stock's 50 day simple moving average is $39.32 and its two-hundred day simple moving average is $42.67.

Camden National (NASDAQ:CAC - Get Free Report) last issued its earnings results 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). The firm had revenue of $60.05 million during the quarter, compared to analyst estimates of $57.63 million. Camden National had a return on equity of 10.38% and a net margin of 18.02%. Equities analysts anticipate that Camden National Co. will post 4.25 EPS for the current year.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.68 annualized dividend and a yield of 4.27%. Camden National's payout ratio is 53.50%.

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.