California Public Employees Retirement System boosted its position in Camden National Corporation (NASDAQ:CAC) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,600 shares of the financial services provider’s stock after buying an additional 3,600 shares during the quarter. California Public Employees Retirement System owned approximately 0.26% of Camden National Corporation worth $1,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CAC. Karp Capital Management Corp acquired a new stake in Camden National Corporation in the 1st quarter valued at approximately $210,000. Parametric Portfolio Associates LLC raised its position in Camden National Corporation by 0.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 43,505 shares of the financial services provider’s stock valued at $1,916,000 after buying an additional 119 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Camden National Corporation in the 1st quarter valued at approximately $124,000. American International Group Inc. raised its position in Camden National Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 9,398 shares of the financial services provider’s stock valued at $414,000 after buying an additional 619 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Camden National Corporation by 4.0% in the 1st quarter. Teachers Advisors LLC now owns 30,740 shares of the financial services provider’s stock valued at $1,354,000 after buying an additional 1,179 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

In other Camden National Corporation news, Director Carl John Soderberg bought 3,000 shares of Camden National Corporation stock in a transaction dated Tuesday, September 5th. The stock was bought at an average cost of $38.46 per share, for a total transaction of $115,380.00. Following the purchase, the director now owns 59,323 shares of the company’s stock, valued at approximately $2,281,562.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Holmes bought 1,000 shares of Camden National Corporation stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $38.95 per share, with a total value of $38,950.00. Following the completion of the purchase, the director now directly owns 19,756 shares in the company, valued at approximately $769,496.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 5,000 shares of company stock valued at $192,900. Corporate insiders own 2.34% of the company’s stock.

A number of research analysts have weighed in on CAC shares. BidaskClub upgraded Camden National Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods downgraded Camden National Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

Camden National Corporation (NASDAQ CAC) opened at $43.15 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $669.52, a P/E ratio of 15.86 and a beta of 0.78. Camden National Corporation has a one year low of $32.64 and a one year high of $45.43.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were paid a $0.23 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.92 dividend on an annualized basis and a yield of 2.13%. Camden National Corporation’s dividend payout ratio is 33.82%.

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Camden National Corporation 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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Institutional Ownership by Quarter for Camden National Corporation (NASDAQ:CAC)

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