Camden National Co. (NASDAQ:CAC) Shares Sold by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC trimmed its holdings in Camden National Co. (NASDAQ:CAC) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,655 shares of the financial services provider’s stock after selling 616 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Camden National were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Camden National by 201.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,243 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 831 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Camden National in the 3rd quarter valued at approximately $54,000. Great West Life Assurance Co. Can increased its holdings in shares of Camden National by 36.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,493 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 395 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Camden National by 378.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,872 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 2,272 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Camden National by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,699 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,189 shares during the last quarter. 77.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Camden National from a “sell” rating to a “hold” rating in a report on Thursday, April 11th.

Camden National Stock Performance

Shares of NASDAQ CAC traded up $0.17 during trading on Wednesday, reaching $29.13. The stock had a trading volume of 11,995 shares, compared to its average volume of 43,587. Camden National Co. has a one year low of $26.52 and a one year high of $39.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $426.17 million, a PE ratio of 9.75 and a beta of 0.74. The firm’s 50 day moving average price is $31.82 and its two-hundred day moving average price is $33.08.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The firm had revenue of $65.78 million during the quarter, compared to the consensus estimate of $42.75 million. Camden National had a return on equity of 10.90% and a net margin of 16.86%. During the same period in the prior year, the business earned $1.05 EPS. On average, research analysts forecast that Camden National Co. will post 3.08 earnings per share for the current fiscal year.

Camden National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.68 dividend on an annualized basis and a yield of 5.77%. Camden National’s payout ratio is currently 56.57%.

Camden National 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.