Camden National Co. (NASDAQ:CAC) Shares Sold by HM Payson & Co.

HM Payson & Co. lessened its position in Camden National Co. (NASDAQ:CAC) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,355 shares of the financial services provider’s stock after selling 1,803 shares during the period. HM Payson & Co. owned approximately 0.11% of Camden National worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CAC. Nisa Investment Advisors LLC increased its holdings in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,850 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Camden National in the 4th quarter valued at about $210,000. Bryn Mawr Capital Management LLC purchased a new position in shares of Camden National in the 4th quarter valued at about $247,000. Foundations Investment Advisors LLC purchased a new position in shares of Camden National in the 4th quarter valued at about $280,000. Finally, SG Americas Securities LLC increased its holdings in shares of 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. Hedge funds and other institutional investors own 77.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAC shares. StockNews.com started coverage on shares of Camden National in a report on Saturday. They issued a “hold” rating for the company. Raymond James reiterated an “outperform” rating and issued a $53.00 price target (up previously from $50.00) on shares of Camden National in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th.

Camden National Stock Performance

NASDAQ:CAC opened at $41.47 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $43.75 and a two-hundred day moving average price of $43.02. Camden National Co. has a twelve month low of $28.62 and a twelve month high of $50.07. The company has a market capitalization of $604.51 million, a P/E ratio of 11.46 and a beta of 0.73.

Camden National (NASDAQ:CAC) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, research analysts expect that Camden National Co. will post 4.25 earnings per share for the current fiscal year.

Camden National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 4.05%. Camden National’s dividend payout ratio is currently 46.41%.

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.