First Manhattan Co. maintained its position in shares of Camden National Corporation (NASDAQ:CAC) during the second quarter, Holdings Channel reports. The firm owned 7,500 shares of the financial services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Camden National Corporation were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of Camden National Corporation by 10.8% in the first quarter. FMR LLC now owns 1,399,131 shares of the financial services provider’s stock valued at $61,618,000 after buying an additional 136,242 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Camden National Corporation by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 655,979 shares of the financial services provider’s stock valued at $28,890,000 after buying an additional 34,596 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Camden National Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 640,571 shares of the financial services provider’s stock valued at $28,211,000 after buying an additional 42,931 shares during the last quarter. LSV Asset Management boosted its position in shares of Camden National Corporation by 54.4% in the first quarter. LSV Asset Management now owns 464,709 shares of the financial services provider’s stock valued at $20,465,000 after buying an additional 163,761 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Camden National Corporation by 7.8% in the first quarter. Renaissance Technologies LLC now owns 354,449 shares of the financial services provider’s stock valued at $15,610,000 after buying an additional 25,749 shares during the last quarter. Institutional investors and hedge funds own 63.38% of the company’s stock.

Shares of Camden National Corporation (NASDAQ CAC) opened at 39.80 on Thursday. The company has a market capitalization of $617.38 million, a price-to-earnings ratio of 14.80 and a beta of 0.78. Camden National Corporation has a 52-week low of $28.45 and a 52-week high of $45.43. The firm’s 50-day moving average is $42.10 and its 200 day moving average is $42.20.

Camden National Corporation (NASDAQ:CAC) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $38.51 million for the quarter. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. On average, equities research analysts anticipate that Camden National Corporation will post $2.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, July 13th. Camden National Corporation’s payout ratio is 34.07%.

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Several research analysts recently commented on CAC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 target price on shares of Camden National Corporation in a report on Friday, June 2nd. BidaskClub cut shares of Camden National Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.

In other news, EVP June B. Parent sold 1,000 shares of Camden National Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $40.76, for a total transaction of $40,760.00. Following the sale, the executive vice president now directly owns 26,990 shares in the company, valued at approximately $1,100,112.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.34% of the company’s stock.

About Camden National Corporation

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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