Camden National Co. (NASDAQ:CAC) EVP Joanne T. Campbell sold 2,271 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.05, for a total value of $100,037.55. Following the sale, the executive vice president now directly owns 17,916 shares in the company, valued at approximately $789,199.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Camden National Co. (CAC) traded down $0.39 during mid-day trading on Monday, reaching $43.21. The company’s stock had a trading volume of 19,403 shares, compared to its average volume of 40,952. The company has a market cap of $670.45, a PE ratio of 16.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79. Camden National Co. has a 52-week low of $37.10 and a 52-week high of $47.41.
Several analysts recently commented on the company. BidaskClub downgraded Camden National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods cut Camden National from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st.
A number of hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in shares of Camden National by 9.0% in the 2nd quarter. Sterling Capital Management LLC now owns 24,503 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 2,015 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Camden National by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,522 shares of the financial services provider’s stock valued at $8,647,000 after acquiring an additional 13,265 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Camden National by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 97,538 shares of the financial services provider’s stock valued at $4,185,000 after acquiring an additional 6,730 shares in the last quarter. LSV Asset Management grew its holdings in shares of Camden National by 41.7% in the 2nd quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock valued at $28,264,000 after acquiring an additional 193,979 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Camden National in the 2nd quarter valued at about $464,000. Hedge funds and other institutional investors own 63.44% of the company’s stock.
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Camden National Company Profile
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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