Renaissance Technologies LLC lifted its holdings in Camden National Co. (NASDAQ:CAC) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 447,449 shares of the financial services provider’s stock after buying an additional 19,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Camden National were worth $20,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAC. The Manufacturers Life Insurance Company grew its position in shares of Camden National by 39.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,888 shares of the financial services provider’s stock valued at $12,633,000 after purchasing an additional 80,775 shares during the period. BlackRock Inc. grew its position in shares of Camden National by 4.3% in the 2nd quarter. BlackRock Inc. now owns 1,125,346 shares of the financial services provider’s stock valued at $51,438,000 after purchasing an additional 46,401 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Camden National by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 787,376 shares of the financial services provider’s stock valued at $35,991,000 after purchasing an additional 39,341 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Camden National by 15.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 83,387 shares of the financial services provider’s stock valued at $3,812,000 after purchasing an additional 11,057 shares during the period. Finally, FMR LLC lifted its stake in Camden National by 0.8% in the 2nd quarter. FMR LLC now owns 1,399,437 shares of the financial services provider’s stock valued at $63,968,000 after acquiring an additional 10,980 shares in the last quarter. Institutional investors and hedge funds own 63.29% of the company’s stock.

Several research firms have commented on CAC. BidaskClub cut Camden National from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Zacks Investment Research upgraded Camden National from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Monday, August 6th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $51.50 target price on shares of Camden National in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Camden National currently has an average rating of “Buy” and an average target price of $49.50.

NASDAQ CAC opened at $43.44 on Tuesday. The company has a market capitalization of $692.68 million, a price-to-earnings ratio of 14.68 and a beta of 0.63. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. Camden National Co. has a 52 week low of $40.25 and a 52 week high of $47.86.

Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.04). The firm had revenue of $38.98 million during the quarter, compared to the consensus estimate of $39.40 million. Camden National had a net margin of 18.39% and a return on equity of 11.64%. equities analysts expect that Camden National Co. will post 3.3 EPS for the current year.

About Camden National

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits.

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

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