Assenagon Asset Management S.A. Invests $389,000 in Camden National Co. (NASDAQ:CAC)

Assenagon Asset Management S.A. acquired a new stake in Camden National Co. (NASDAQ:CACFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,793 shares of the financial services provider’s stock, valued at approximately $389,000. Assenagon Asset Management S.A. owned 0.09% of Camden National at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Carl P. Sherr & Co. LLC lifted its position in shares of Camden National by 16.7% during the third quarter. Carl P. Sherr & Co. LLC now owns 28,271 shares of the financial services provider’s stock valued at $798,000 after buying an additional 4,042 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of Camden National by 19.1% during the 2nd quarter. Legato Capital Management LLC now owns 45,017 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 7,235 shares in the last quarter. US Bancorp DE grew its position in shares of Camden National by 19.3% in the second quarter. US Bancorp DE now owns 12,873 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 2,083 shares during the period. ProShare Advisors LLC purchased a new stake in Camden National during the 2nd quarter worth approximately $7,598,000. Finally, Barclays PLC increased its position in shares of Camden National by 11.1% during the second quarter. Barclays PLC now owns 34,694 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 3,456 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Camden National Stock Down 2.6 %

Shares of NASDAQ CAC opened at $32.00 on Thursday. Camden National Co. has a 12-month low of $26.52 and a 12-month high of $42.65. The stock has a market cap of $465.92 million, a P/E ratio of 10.77 and a beta of 0.78. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $36.71 and its 200-day simple moving average is $33.38.

Camden National (NASDAQ:CACGet Free Report) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. Camden National had a return on equity of 11.08% and a net margin of 16.86%. The firm had revenue of $65.78 million for the quarter, compared to analyst estimates of $42.75 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. As a group, equities analysts predict that Camden National Co. will post 3 EPS for the current fiscal year.

Camden National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 15th were given a $0.42 dividend. The ex-dividend date was Thursday, January 11th. This represents a $1.68 dividend on an annualized basis and a yield of 5.25%. Camden National’s dividend payout ratio (DPR) is presently 56.57%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAC. StockNews.com raised shares of Camden National from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised Camden National from a “c+” rating to a “b” rating in a research report on Wednesday, December 13th.

Read Our Latest Stock Analysis on CAC

Camden National Profile

(Free Report)

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.

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

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