Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.73 Million Investment in Camden National Co. (NASDAQ:CAC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Camden National Co. (NASDAQ:CAC - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,400 shares of the financial services provider's stock, valued at approximately $1,727,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.28% of Camden National as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Camden National by 23.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,322 shares of the financial services provider's stock valued at $1,467,000 after purchasing an additional 6,544 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Camden National by 20.6% in the 4th quarter. Rafferty Asset Management LLC now owns 11,917 shares of the financial services provider's stock valued at $509,000 after purchasing an additional 2,032 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Camden National by 8.6% in the 4th quarter. Occudo Quantitative Strategies LP now owns 6,118 shares of the financial services provider's stock valued at $261,000 after purchasing an additional 485 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Camden National by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,264 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 330 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Camden National by 41.7% in the 4th quarter. Deutsche Bank AG now owns 9,251 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 2,724 shares in the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.

Camden National Trading Up 2.4%

NASDAQ CAC traded up $0.92 during trading hours on Friday, reaching $39.53. The company's stock had a trading volume of 58,633 shares, compared to its average volume of 69,251. The firm has a fifty day simple moving average of $38.97 and a 200-day simple moving average of $42.21. The stock has a market cap of $667.50 million, a P/E ratio of 10.92 and a beta of 0.63. Camden National Co. has a 52 week low of $30.78 and a 52 week high of $50.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

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

Camden National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.42 dividend. 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 4.25%. Camden National's dividend payout ratio (DPR) is presently 53.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CAC shares. Keefe, Bruyette & Woods reduced their price target on shares of Camden National from $48.00 to $47.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen assumed coverage on shares of Camden National in a research note on Monday, May 19th. They issued a "hold" rating on the stock.

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.