159,367 Shares in Camden National Co. (NASDAQ:CAC) Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC purchased a new stake in shares of Camden National Co. (NASDAQ:CAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 159,367 shares of the financial services provider’s stock, valued at approximately $6,811,000. Bryn Mawr Capital Management LLC owned 1.09% of Camden National as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Camden National by 18,500.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,850 shares during the period. Foundations Investment Advisors LLC bought a new position in Camden National during the 4th quarter valued at approximately $280,000. SG Americas Securities LLC lifted its holdings in Camden National by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 8,952 shares of the financial services provider’s stock worth $383,000 after buying an additional 1,875 shares during the period. Clark & Stuart Inc bought a new stake in shares of Camden National in the 4th quarter worth approximately $434,000. Finally, US Bancorp DE increased its stake in shares of Camden National by 2.9% during the third quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock valued at $461,000 after buying an additional 319 shares during the period. Institutional investors own 77.41% of the company’s stock.

Camden National Price Performance

Shares of CAC stock opened at $44.71 on Thursday. The business’s fifty day moving average is $43.95 and its 200 day moving average is $42.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $651.74 million, a price-to-earnings ratio of 12.35 and a beta of 0.77. Camden National Co. has a twelve month low of $28.62 and a twelve month high of $50.07.

Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same period in the prior year, the firm posted $0.85 EPS. Research analysts expect that Camden National Co. will post 4.25 EPS for the current fiscal year.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 3.76%. Camden National’s payout ratio is 46.41%.

Analyst Upgrades and Downgrades

CAC has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $53.00 price target (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of Camden National from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, StockNews.com initiated coverage on shares of Camden National in a research report on Thursday. They set a “hold” rating on the stock.

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.