Legal & General Group Plc Has $161,000 Position in Camden National Corporation (CAC)
Legal & General Group Plc reduced its position in shares of Camden National Corporation (NASDAQ:CAC) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,664 shares of the financial services provider’s stock after selling 41 shares during the period. Legal & General Group Plc’s holdings in Camden National Corporation were worth $161,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Oxford Asset Management bought a new stake in Camden National Corporation during the first quarter worth about $653,000. Prudential Financial Inc. raised its stake in Camden National Corporation by 46.7% in the first quarter. Prudential Financial Inc. now owns 90,808 shares of the financial services provider’s stock worth $3,999,000 after buying an additional 28,900 shares during the period. Russell Investments Group Ltd. bought a new stake in Camden National Corporation during the fourth quarter worth about $136,000. American International Group Inc. raised its stake in Camden National Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,398 shares of the financial services provider’s stock worth $414,000 after buying an additional 619 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Camden National Corporation by 0.3% in the first quarter. Parametric Portfolio Associates LLC now owns 43,505 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 63.19% of the company’s stock.
Shares of Camden National Corporation (NASDAQ CAC) traded up 1.25% on Monday, reaching $39.02. The company had a trading volume of 473 shares. Camden National Corporation has a 1-year low of $28.45 and a 1-year high of $45.43. The firm has a 50-day moving average price of $42.01 and a 200 day moving average price of $42.15. The firm has a market capitalization of $605.28 million, a price-to-earnings ratio of 14.51 and a beta of 0.78.
Camden National Corporation (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. The company had revenue of $38.51 million for the quarter. Equities research analysts predict that Camden National Corporation will post $2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were paid a $0.23 dividend. The ex-dividend date was Thursday, July 13th. This represents a $0.92 annualized dividend and a yield of 2.39%. Camden National Corporation’s payout ratio is currently 34.07%.
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A number of equities research analysts have recently issued reports on CAC shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $48.00 price target on shares of Camden National Corporation in a research report on Friday, June 2nd. BidaskClub lowered Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
In other Camden National Corporation news, EVP June B. Parent sold 1,000 shares of Camden National Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $40.76, for a total value of $40,760.00. Following the completion of the sale, the executive vice president now directly owns 26,990 shares of the company’s stock, valued at approximately $1,100,112.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.34% of the stock is currently owned by insiders.
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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