Geode Capital Management LLC increased its stake in shares of Camden National Corporation (NASDAQ:CAC) by 4.8% during the first quarter, Holdings Channel reports. The fund owned 130,022 shares of the financial services provider’s stock after buying an additional 5,907 shares during the period. Geode Capital Management LLC’s holdings in Camden National Corporation were worth $5,726,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in Camden National Corporation by 0.3% in the first quarter. Parametric Portfolio Associates LLC now owns 43,505 shares of the financial services provider’s stock valued at $1,916,000 after buying an additional 119 shares during the last quarter. Davis R M Inc. boosted its position in Camden National Corporation by 5.3% in the first quarter. Davis R M Inc. now owns 6,012 shares of the financial services provider’s stock valued at $265,000 after buying an additional 300 shares during the last quarter. American International Group Inc. boosted its position in Camden National Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,398 shares of the financial services provider’s stock valued at $414,000 after buying an additional 619 shares during the last quarter. Cribstone Capital Management LLC boosted its position in Camden National Corporation by 13.6% in the first quarter. Cribstone Capital Management LLC now owns 5,184 shares of the financial services provider’s stock valued at $219,000 after buying an additional 620 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Camden National Corporation by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,656 shares of the financial services provider’s stock valued at $337,000 after buying an additional 740 shares during the last quarter. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

Camden National Corporation (CAC) opened at 39.56 on Thursday. The stock’s 50 day moving average is $42.10 and its 200 day moving average is $42.20. The company has a market cap of $613.65 million, a price-to-earnings ratio of 14.71 and a beta of 0.78. Camden National Corporation has a 52-week low of $28.45 and a 52-week high of $45.43.

Camden National Corporation (NASDAQ:CAC) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $38.51 million for the quarter. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. Equities research analysts forecast that Camden National Corporation will post $2.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.92 annualized dividend and a yield of 2.31%. Camden National Corporation’s dividend payout ratio is currently 34.07%.

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Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 price objective on shares of Camden National Corporation in a research report on Friday, June 2nd.

In other Camden National Corporation news, EVP June B. Parent sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $40.76, for a total transaction of $40,760.00. Following the completion of the sale, the executive vice president now directly owns 26,990 shares of the company’s stock, valued at approximately $1,100,112.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.34% of the company’s stock.

Camden National Corporation Company Profile

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.

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Institutional Ownership by Quarter for Camden National Corporation (NASDAQ:CAC)

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