Aperio Group LLC boosted its position in Camden National Corporation (NASDAQ:CAC) by 26.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,990 shares of the financial services provider’s stock after acquiring an additional 1,263 shares during the period. Aperio Group LLC’s holdings in Camden National were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Camden National by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 677,859 shares of the financial services provider’s stock worth $29,087,000 after acquiring an additional 21,880 shares during the last quarter. Vanguard Group Inc. grew its holdings in Camden National by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 658,842 shares of the financial services provider’s stock worth $28,271,000 after acquiring an additional 18,271 shares during the last quarter. LSV Asset Management grew its holdings in Camden National by 41.7% in the 2nd quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock worth $28,264,000 after acquiring an additional 193,979 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Camden National by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 396,149 shares of the financial services provider’s stock worth $16,999,000 after acquiring an additional 41,700 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Camden National by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 290,469 shares of the financial services provider’s stock worth $12,464,000 after acquiring an additional 9,879 shares during the last quarter. 63.42% of the stock is currently owned by institutional investors and hedge funds.

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

CAC has been the subject of several research analyst reports. BidaskClub raised shares of Camden National from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Keefe, Bruyette & Woods cut shares of Camden National from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st.

Shares of Camden National Corporation (NASDAQ CAC) opened at $43.77 on Tuesday. Camden National Corporation has a 12-month low of $37.10 and a 12-month high of $45.43. 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 company has a market cap of $667.66, a PE ratio of 15.82 and a beta of 0.78.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were given a $0.23 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.10%. Camden National’s dividend payout ratio is 33.82%.

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Camden National 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 (NASDAQ:CAC)

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