Camden National Corporation (NASDAQ:CAC) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its position in Camden National Corporation (NASDAQ:CAC - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,229 shares of the financial services provider's stock after purchasing an additional 6,376 shares during the quarter. Segall Bryant & Hamill LLC owned 0.29% of Camden National worth $1,952,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CWM LLC grew its stake in Camden National by 65.4% during the first quarter. CWM LLC now owns 837 shares of the financial services provider's stock worth $34,000 after purchasing an additional 331 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Camden National during the fourth quarter valued at approximately $44,000. Federated Hermes Inc. purchased a new position in shares of Camden National during the fourth quarter valued at approximately $46,000. KLP Kapitalforvaltning AS purchased a new position in shares of Camden National during the fourth quarter valued at approximately $103,000. Finally, Quantbot Technologies LP purchased a new position in shares of Camden National during the fourth quarter valued at approximately $106,000. 77.41% of the stock is currently owned by institutional investors.

Camden National Price Performance

NASDAQ:CAC traded down $0.12 on Tuesday, reaching $42.17. 42,321 shares of the company's stock traded hands, compared to its average volume of 69,030. The firm has a market cap of $712.25 million, a PE ratio of 13.43 and a beta of 0.63. The stock has a 50-day simple moving average of $40.65 and a 200-day simple moving average of $41.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. Camden National Corporation has a 12 month low of $34.53 and a 12 month high of $50.07.

Camden National (NASDAQ:CAC - Get Free Report) last released its earnings results 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 15.03% and a return on equity of 10.28%. The business had revenue of $60.05 million for the quarter, compared to the consensus estimate of $57.63 million. Equities research analysts forecast that Camden National Corporation will post 4.25 earnings per share for the current year.

Camden National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, July 15th. Camden National's payout ratio is 53.50%.

Analyst Upgrades and Downgrades

CAC has been the topic of a number of recent analyst reports. Wall Street Zen initiated coverage on Camden National in a report on Monday, May 19th. They set a "hold" rating on the stock. Keefe, Bruyette & Woods reduced their price target on Camden National from $48.00 to $47.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th.

Camden National Company 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.