Nisa Investment Advisors LLC raised its holdings in shares of Camden National Co. (NASDAQ:CAC – Free Report) by 18,500.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,860 shares of the financial services provider’s stock after purchasing an additional 1,850 shares during the period. Nisa Investment Advisors LLC’s holdings in Camden National were worth $79,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Camden National by 2.9% in the 3rd quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 319 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Camden National by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock valued at $4,876,000 after buying an additional 674 shares in the last quarter. Apollon Wealth Management LLC increased its position in Camden National by 3.0% in the third quarter. Apollon Wealth Management LLC now owns 30,435 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 900 shares during the last quarter. Coston McIsaac & Partners increased its holdings in shares of Camden National by 18.6% in the 3rd quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,819 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Camden National by 5.2% during the third quarter. Empowered Funds LLC now owns 37,892 shares of the financial services provider’s stock valued at $1,566,000 after purchasing an additional 1,876 shares during the period. Hedge funds and other institutional investors own 77.41% of the company’s stock.
Camden National Price Performance
Shares of Camden National stock opened at $45.47 on Friday. The business has a 50 day simple moving average of $44.55 and a two-hundred day simple moving average of $41.86. 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 stock has a market capitalization of $662.95 million, a P/E ratio of 14.21 and a beta of 0.76. Camden National Co. has a 12 month low of $28.62 and a 12 month high of $50.07.
Camden National Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 3.69%. Camden National’s dividend payout ratio is presently 52.50%.
Analysts Set New Price Targets
Several brokerages have issued reports on CAC. Raymond James reissued an “outperform” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Camden National in a research note on Wednesday. StockNews.com began coverage on shares of Camden National in a report on Monday. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday.
View Our Latest Analysis on Camden National
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.
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