BidaskClub upgraded shares of Camden National (NASDAQ:CAC) from a sell rating to a hold rating in a research note released on Sunday morning.

CAC has been the subject of a number of other reports. Piper Jaffray Companies lifted their price target on shares of Camden National from $50.50 to $51.00 and gave the company an overweight rating in a research report on Friday, February 2nd. ValuEngine cut shares of Camden National from a buy rating to a hold rating in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $48.00 price objective on shares of Camden National in a report on Friday, December 22nd.

Shares of Camden National (NASDAQ CAC) opened at $42.82 on Friday. Camden National has a 12-month low of $37.10 and a 12-month high of $47.41. The firm has a market cap of $657.47, a PE ratio of 23.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79.

Camden National (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Camden National had a net margin of 16.30% and a return on equity of 10.52%. The business had revenue of $39.50 million during the quarter. equities research analysts anticipate that Camden National will post 3.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Camden National’s previous quarterly dividend of $0.23. Camden National’s payout ratio is 54.95%.

In related news, EVP Joanne T. Campbell sold 2,271 shares of Camden National stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.05, for a total value of $100,037.55. Following the completion of the transaction, the executive vice president now owns 17,916 shares in the company, valued at $789,199.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edmund M. Hayden sold 2,340 shares of Camden National stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.56, for a total transaction of $106,610.40. Following the completion of the transaction, the executive vice president now owns 7,958 shares of the company’s stock, valued at approximately $362,566.48. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its holdings in Camden National by 0.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 5,194 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 16 shares in the last quarter. Legal & General Group Plc grew its holdings in Camden National by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 153 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Camden National by 5.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,061 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 405 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in Camden National by 3.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 15,385 shares of the financial services provider’s stock worth $660,000 after acquiring an additional 551 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Camden National by 12.7% during the 2nd quarter. Voya Investment Management LLC now owns 8,653 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 63.54% of the company’s stock.

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Camden National Company 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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