Dean Capital Management Sells 19,220 Shares of Camden National Corporation $CAC

Dean Capital Management trimmed its holdings in Camden National Corporation (NASDAQ:CAC) by 50.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,018 shares of the financial services provider’s stock after selling 19,220 shares during the quarter. Dean Capital Management’s holdings in Camden National were worth $734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Camden National during the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. grew its stake in shares of Camden National by 13,790.0% in the third quarter. Russell Investments Group Ltd. now owns 1,389 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,379 shares during the period. CWM LLC grew its stake in shares of Camden National by 287.8% in the third quarter. CWM LLC now owns 3,141 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 2,331 shares during the period. Aquatic Capital Management LLC raised its holdings in shares of Camden National by 33.5% during the third quarter. Aquatic Capital Management LLC now owns 3,153 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 791 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Camden National by 45.7% during the second quarter. Quantbot Technologies LP now owns 3,167 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 993 shares during the last quarter. Institutional investors own 77.41% of the company’s stock.

Camden National Price Performance

Shares of NASDAQ:CAC opened at $45.48 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $769.52 million, a PE ratio of 11.84 and a beta of 0.66. The firm’s 50 day moving average price is $47.12 and its 200-day moving average price is $42.75. Camden National Corporation has a twelve month low of $34.53 and a twelve month high of $51.57.

Camden National (NASDAQ:CAC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. Camden National had a net margin of 17.46% and a return on equity of 11.22%. Equities research analysts expect that Camden National Corporation will post 4.25 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CAC shares. Weiss Ratings upgraded shares of Camden National from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. National Bank Financial set a $47.00 target price on shares of Camden National in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods increased their price target on Camden National from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, Stephens restated an “equal weight” rating and issued a $53.00 price target on shares of Camden National in a research note on Thursday, February 5th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Camden National has a consensus rating of “Hold” and a consensus target price of $49.00.

Camden National Company Profile

Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.

The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.