Camden National Co. (NASDAQ: CAC – Get a rating) Director David C. Flanagan acquired 348 shares of Camden National in a transaction on Friday, June 17. The shares were purchased at an average cost of $44.45 per share, with a total value of $15,468.60. Following the completion of the acquisition, the director now owns 20,150 shares of the company, valued at approximately $895,667.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
Shares of Camden National were up $0.24 during trading hours on Wednesday, hitting $45.18. The company had a trading volume of 86 shares, compared to an average volume of 37,794. Camden National Co. has a one-year low of $41.48 and a one-year high of $52.16. The company has a fifty-day simple moving average of $44.67 and a 200-day simple moving average of $47.25. The company has a debt ratio of 0.09, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $662.34 million, a PE ratio of 10.17 and a beta of 0.85.
Camden National (NASDAQ:CAC – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The financial services provider reported earnings per share (EPS) of $1.14 for the quarter, beating the consensus estimate of $1.02 by $0.12. The company posted revenue of $46.19 million in the quarter, compared to analyst estimates of $46.09 million. Camden National had a return on equity of 12.52% and a net margin of 33.66%. In the same quarter last year, the company earned earnings per share of $1.32. On average, research analysts expect Camden National Co. to post an EPS of 4.3 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Friday, April 15 received a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13. This represents a dividend of $1.60 on an annualized basis and a yield of 3.54%. Camden National’s payout ratio is 36.20%.
Separately, StockNews.com began covering Camden National in a report on Thursday March 31. They issued a “hold” rating for the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its holdings of Camden National shares by 1.6% in the first quarter. BlackRock Inc. now owns 1,207,144 shares of the financial services provider worth $56,784,000 after purchasing an additional 18,448 shares during the period. Dimensional Fund Advisors LP increased its holdings of Camden National shares by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 761,452 shares of the financial services provider worth $35,819,000 after purchasing an additional 9,188 shares during the period. Vanguard Group Inc. increased its holdings of Camden National shares by 2.2% in the first quarter. Vanguard Group Inc. now owns 726,669 shares of the financial services provider worth $34,183,000 after purchasing an additional 15,892 shares during the period. State Street Corp increased its holdings of Camden National shares 7.4% in the first quarter. State Street Corp now owns 399,048 shares of the financial services provider worth $18,771,000 after purchasing an additional 27,344 shares during the period. Finally, Renaissance Technologies LLC increased its equity stake in Camden National by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 369,300 shares of the financial services provider worth $17,785,000 after purchasing an additional 30,200 shares during the period. Institutional investors and hedge funds hold 66.03% of the company’s shares.
Camden National Business Profile (Get a rating)
Camden National Corporation operates as a bank holding company for Camden National Bank which provides a variety of commercial and consumer banking products and services to consumer, institutional, municipal, non-profit and commercial customers. The Company accepts Checking, Savings, Term and Negotiated Deposits, as well as deposits with the Certificate of Deposit Account Registration System.
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