Atlantic Trust LLC acquired a new stake in shares of Camden National Corporation (NASDAQ:CAC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,170 shares of the financial services provider’s stock, valued at approximately $136,000.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management increased its position in shares of Camden National Corporation by 41.7% during the 2nd quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock valued at $28,264,000 after purchasing an additional 193,979 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Camden National Corporation by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 97,538 shares of the financial services provider’s stock valued at $4,185,000 after purchasing an additional 6,730 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Camden National Corporation by 7.8% during the 1st quarter. Renaissance Technologies LLC now owns 354,449 shares of the financial services provider’s stock valued at $15,610,000 after purchasing an additional 25,749 shares during the last quarter. Swiss National Bank increased its position in shares of Camden National Corporation by 8.0% during the 2nd quarter. Swiss National Bank now owns 26,861 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Camden National Corporation by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 290,469 shares of the financial services provider’s stock valued at $12,464,000 after purchasing an additional 9,879 shares during the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

Separately, BidaskClub lowered Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

In related news, Director Carl John Soderberg acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average cost of $38.46 per share, for a total transaction of $115,380.00. Following the completion of the transaction, the director now directly owns 59,323 shares in the company, valued at approximately $2,281,562.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John W. Holmes acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $38.57 per share, for a total transaction of $38,570.00. Following the completion of the transaction, the director now owns 18,356 shares of the company’s stock, valued at $707,990.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 5,000 shares of company stock worth $192,900. Company insiders own 2.34% of the company’s stock.

Camden National Corporation (NASDAQ:CAC) traded up 0.25% during trading on Monday, reaching $43.59. The company had a trading volume of 8,226 shares. Camden National Corporation has a one year low of $29.88 and a one year high of $45.43. The company has a market capitalization of $676.17 million, a PE ratio of 16.21 and a beta of 0.82. The firm’s 50 day moving average is $41.40 and its 200 day moving average is $41.76.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.92 dividend on an annualized basis and a yield of 2.12%. Camden National Corporation’s dividend payout ratio (DPR) is presently 34.07%.

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Camden National Corporation 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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