Tudor Investment Corp ET AL Purchases 11,017 Shares of Camden National Co. (NASDAQ:CAC)

Tudor Investment Corp ET AL raised its holdings in Camden National Co. (NASDAQ:CAC - Free Report) by 54.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,144 shares of the financial services provider's stock after acquiring an additional 11,017 shares during the quarter. Tudor Investment Corp ET AL owned about 0.21% of Camden National worth $1,331,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in shares of Camden National in the fourth quarter worth $44,000. Federated Hermes Inc. acquired a new stake in shares of Camden National in the fourth quarter worth $46,000. Nisa Investment Advisors LLC lifted its stake in shares of Camden National by 18,500.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock worth $79,000 after buying an additional 1,850 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Camden National in the fourth quarter worth $103,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Camden National in the fourth quarter worth $106,000. 77.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CAC. Keefe, Bruyette & Woods reduced their price objective on shares of Camden National from $48.00 to $47.00 and set a "market perform" rating for the company in a research note on Wednesday. Raymond James restated an "outperform" rating and issued a $53.00 price objective (up from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Finally, StockNews.com assumed coverage on shares of Camden National in a research report on Sunday. They set a "hold" rating on the stock.

Camden National Stock Performance

CAC stock traded down $0.31 on Friday, reaching $39.92. 41,194 shares of the company were exchanged, compared to its average volume of 68,124. Camden National Co. has a 12 month low of $30.78 and a 12 month high of $50.07. The stock's fifty day moving average price is $39.41 and its 200 day moving average price is $42.84. The firm has a market capitalization of $674.09 million, a PE ratio of 11.03 and a beta of 0.64. 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 announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that Camden National Co. will post 4.25 EPS for the current fiscal year.

Camden National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.21%. The ex-dividend date was Tuesday, April 15th. Camden National's dividend payout ratio (DPR) is presently 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.