American Century Companies Inc. Purchases 1,508 Shares of Camden National Co. (NASDAQ:CAC)

American Century Companies Inc. increased its position in Camden National Co. (NASDAQ:CAC) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,804 shares of the financial services provider’s stock after buying an additional 1,508 shares during the quarter. American Century Companies Inc. owned 1.42% of Camden National worth $8,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Camden National by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock valued at $4,876,000 after purchasing an additional 674 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Camden National by 15.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,778 shares of the financial services provider’s stock worth $1,148,000 after acquiring an additional 3,682 shares in the last quarter. Dean Investment Associates LLC increased its stake in shares of Camden National by 36.8% in the 3rd quarter. Dean Investment Associates LLC now owns 65,557 shares of the financial services provider’s stock worth $2,709,000 after acquiring an additional 17,632 shares in the last quarter. Barclays PLC lifted its position in Camden National by 38.9% during the 3rd quarter. Barclays PLC now owns 48,339 shares of the financial services provider’s stock valued at $1,998,000 after acquiring an additional 13,542 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Camden National by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock worth $14,236,000 after purchasing an additional 4,067 shares in the last quarter. 77.41% of the stock is currently owned by institutional investors.

Camden National Trading Up 0.2 %

Shares of NASDAQ CAC opened at $40.31 on Thursday. The business’s 50 day moving average is $43.10 and its two-hundred day moving average is $43.30. Camden National Co. has a 1-year low of $28.62 and a 1-year high of $50.07. The stock has a market capitalization of $679.83 million, a P/E ratio of 11.14 and a beta of 0.73. 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 posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same period last year, the company posted $0.85 EPS. As a group, research analysts expect that Camden National Co. will post 4.25 EPS for the current year.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.17%. The ex-dividend date is Tuesday, April 15th. Camden National’s payout ratio is 46.41%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Keefe, Bruyette & Woods increased their target price 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. StockNews.com began coverage on Camden National in a research report on Tuesday. They set a “hold” rating on the stock. Finally, Raymond James reissued an “outperform” rating and issued a $53.00 target price (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.

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.