Citadel Advisors LLC increased its position in Camden National Co. (NASDAQ:CAC) by 37.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,826 shares of the financial services provider’s stock after acquiring an additional 3,221 shares during the quarter. Citadel Advisors LLC owned about 0.08% of Camden National worth $498,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CAC. Walthausen & Co. LLC purchased a new stake in Camden National during the 3rd quarter valued at approximately $2,534,000. Dimensional Fund Advisors LP grew its holdings in Camden National by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 701,020 shares of the financial services provider’s stock valued at $30,593,000 after buying an additional 23,161 shares in the last quarter. Bowling Portfolio Management LLC grew its holdings in Camden National by 118.9% during the 4th quarter. Bowling Portfolio Management LLC now owns 37,860 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 20,564 shares in the last quarter. Rothschild Asset Management Inc. grew its holdings in Camden National by 36.8% during the 3rd quarter. Rothschild Asset Management Inc. now owns 70,242 shares of the financial services provider’s stock valued at $3,065,000 after buying an additional 18,900 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Camden National by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 658,842 shares of the financial services provider’s stock valued at $28,271,000 after buying an additional 18,271 shares in the last quarter. 65.01% of the stock is owned by institutional investors.
Camden National Co. (NASDAQ CAC) opened at $45.42 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $682.78, a P/E ratio of 16.11 and a beta of 0.78. Camden National Co. has a 52-week low of $37.10 and a 52-week high of $47.41.
Camden National (NASDAQ:CAC) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $39.50 million during the quarter. Camden National had a return on equity of 10.52% and a net margin of 16.30%. sell-side analysts predict that Camden National Co. will post 3.42 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. ValuEngine upgraded Camden National from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub upgraded Camden National from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Piper Jaffray Companies increased their target price on Camden National from $50.50 to $51.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $48.00 target price on shares of Camden National in a research report on Friday, December 22nd.
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About Camden National
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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