Nisa Investment Advisors LLC Raises Position in Camden National Co. (NASDAQ:CAC)

Nisa Investment Advisors LLC grew its stake in Camden National Co. (NASDAQ:CAC) by 18,500.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,860 shares of the financial services provider’s stock after purchasing an additional 1,850 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Camden National were worth $79,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAC. JPMorgan Chase & Co. lifted its holdings in Camden National by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider’s stock worth $11,731,000 after acquiring an additional 99,097 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Camden National during the 3rd quarter worth $1,729,000. Dimensional Fund Advisors LP boosted its holdings in shares of Camden National by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider’s stock worth $27,605,000 after buying an additional 26,450 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Camden National by 194.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 33,344 shares of the financial services provider’s stock worth $1,378,000 after buying an additional 22,007 shares during the last quarter. Finally, Dean Investment Associates LLC grew its position in Camden National by 36.8% during the third quarter. Dean Investment Associates LLC now owns 65,557 shares of the financial services provider’s stock valued at $2,709,000 after buying an additional 17,632 shares during the period. Hedge funds and other institutional investors own 77.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CAC. StockNews.com started coverage on shares of Camden National in a research note on Monday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Camden National from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Raymond James reissued an “outperform” rating and set a $53.00 price objective (up from $50.00) on shares of Camden National in a report on Wednesday.

Camden National Price Performance

Shares of NASDAQ:CAC opened at $45.47 on Friday. The firm has a market capitalization of $662.95 million, a PE ratio of 14.21 and a beta of 0.76. 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 company has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $41.86. 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 quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.89 by $0.14. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities analysts forecast that Camden National Co. will post 3.49 EPS for the current year.

Camden National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, January 15th. Camden National’s payout ratio is currently 52.50%.

Camden National Company 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.