Camden National Co. (NASDAQ:CAC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Camden National Co. (NASDAQ:CAC) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,083 shares of the financial services provider’s stock after selling 296 shares during the period. BNP Paribas Financial Markets’ holdings in Camden National were worth $169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in Camden National in the 2nd quarter valued at approximately $73,000. SG Americas Securities LLC grew its holdings in Camden National by 58.1% in the third quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 2,602 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Camden National in the second quarter valued at $349,000. US Bancorp DE raised its stake in shares of Camden National by 2.9% during the 3rd quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock worth $461,000 after buying an additional 319 shares during the last quarter. Finally, Coston McIsaac & Partners raised its stake in shares of Camden National by 18.6% during the 3rd quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,819 shares during the last quarter. Institutional investors and hedge funds own 77.41% of the company’s stock.

Camden National Stock Down 2.1 %

CAC opened at $44.96 on Wednesday. The firm has a market cap of $655.38 million, a P/E ratio of 14.05 and a beta of 0.75. The business’s fifty day simple moving average is $44.94 and its 200 day simple moving average is $39.55. Camden National Co. has a 52 week low of $28.62 and a 52 week high of $50.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.

Camden National (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. The company had revenue of $75.13 million for the quarter, compared to analysts’ expectations of $43.90 million. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same period last year, the company earned $0.96 EPS. As a group, equities research analysts anticipate that Camden National Co. will post 3.49 EPS for the current fiscal year.

Camden National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.42 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.68 annualized dividend and a yield of 3.74%. Camden National’s dividend payout ratio (DPR) is presently 52.50%.

Wall Street Analyst Weigh In

CAC has been the subject of several recent research reports. StockNews.com started coverage on shares of Camden National in a report on Wednesday. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised their price objective on shares of Camden National from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.