Camden National Co. (NASDAQ:CAC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Camden National Co. (NASDAQ:CAC) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,690 shares of the financial services provider’s stock after purchasing an additional 18,294 shares during the period. American Century Companies Inc. owned 1.25% of Camden National worth $6,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC lifted its holdings in Camden National by 2,990.3% in the first quarter. Signaturefd LLC now owns 38,567 shares of the financial services provider’s stock valued at $1,293,000 after acquiring an additional 37,319 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Camden National by 13.2% in the first quarter. ProShare Advisors LLC now owns 239,468 shares of the financial services provider’s stock valued at $8,027,000 after acquiring an additional 28,007 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Camden National in the second quarter valued at approximately $757,000. BNP Paribas Financial Markets lifted its holdings in Camden National by 89.3% in the first quarter. BNP Paribas Financial Markets now owns 7,060 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 3,330 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Camden National by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,271 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 4,907 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.

Camden National Stock Up 0.6 %

Camden National stock opened at $39.62 on Wednesday. Camden National Co. has a twelve month low of $26.52 and a twelve month high of $43.44. The stock’s fifty day simple moving average is $38.58 and its 200-day simple moving average is $34.30. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $578.73 million, a P/E ratio of 13.16 and a beta of 0.72.

Camden National (NASDAQ:CAC) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. Camden National had a return on equity of 10.36% and a net margin of 16.01%. The business had revenue of $72.81 million for the quarter, compared to analyst estimates of $41.07 million. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts expect that Camden National Co. will post 3.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAC. Keefe, Bruyette & Woods boosted their target price on Camden National from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, September 11th. StockNews.com began coverage on Camden National in a research report on Saturday. They issued a “hold” rating on the stock. Finally, Stephens boosted their target price on Camden National from $35.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

About Camden National

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.