Charles Schwab Investment Management Inc. Purchases 721 Shares of Camden National Co. (NASDAQ:CAC)

Charles Schwab Investment Management Inc. boosted its position in Camden National Co. (NASDAQ:CAC) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 118,716 shares of the financial services provider’s stock after purchasing an additional 721 shares during the period. Charles Schwab Investment Management Inc. owned about 0.81% of Camden National worth $5,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Camden National by 18,500.0% during the 4th 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. Bryn Mawr Capital Management LLC bought a new stake in Camden National in the fourth quarter worth about $247,000. Foundations Investment Advisors LLC purchased a new position in Camden National in the fourth quarter valued at about $280,000. SG Americas Securities LLC grew its position in shares of Camden National by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 8,952 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 1,875 shares during the period. Finally, Clark & Stuart Inc bought a new position in shares of Camden National during the 4th quarter valued at approximately $434,000. Hedge funds and other institutional investors own 77.41% of the company’s stock.

Camden National Trading Down 1.1 %

Shares of CAC stock opened at $41.54 on Wednesday. The stock has a market capitalization of $700.57 million, a price-to-earnings ratio of 11.48 and a beta of 0.73. The company’s fifty day simple moving average is $43.50 and its two-hundred day simple moving average is $43.22. Camden National Co. has a 1 year low of $28.62 and a 1 year high of $50.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

Camden National (NASDAQ:CAC) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same quarter last year, the business posted $0.85 EPS. As a group, analysts anticipate that Camden National Co. will post 4.25 earnings per share for the current year.

Camden National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.04%. Camden National’s dividend payout ratio (DPR) is currently 46.41%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Raymond James restated an “outperform” rating and issued a $53.00 target price (up from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Finally, StockNews.com started coverage on Camden National in a research note on Monday. They set a “hold” rating for the company.

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.