Coston McIsaac & Partners Boosts Stake in Camden National Co. (NASDAQ:CAC)

Coston McIsaac & Partners increased its position in Camden National Co. (NASDAQ:CAC) by 11.8% in the fourth quarter, HoldingsChannel reports. The firm owned 12,997 shares of the financial services provider’s stock after purchasing an additional 1,376 shares during the quarter. Coston McIsaac & Partners’ holdings in Camden National were worth $555,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Camden National by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider’s stock valued at $27,605,000 after purchasing an additional 26,450 shares during the last quarter. Geode Capital Management LLC raised its stake in Camden National by 1.2% during the third quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock valued at $14,236,000 after buying an additional 4,067 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Camden National by 53.6% in the third quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider’s stock worth $11,731,000 after acquiring an additional 99,097 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Camden National by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock worth $4,876,000 after acquiring an additional 674 shares during the last quarter. Finally, Dean Investment Associates LLC increased its holdings in shares of Camden National by 36.8% during the third quarter. Dean Investment Associates LLC now owns 65,557 shares of the financial services provider’s stock valued at $2,709,000 after acquiring an additional 17,632 shares in the last quarter. 77.41% of the stock is currently owned by institutional investors.

Camden National Price Performance

CAC opened at $45.86 on Thursday. The company’s 50-day simple moving average is $44.56 and its two-hundred day simple moving average is $41.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $668.64 million, a P/E ratio of 14.33 and a beta of 0.76. Camden National Co. has a 52-week low of $28.62 and a 52-week high of $50.07.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.14. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, analysts predict that Camden National Co. will post 3.49 EPS for the current year.

Camden National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, January 15th. Camden National’s dividend payout ratio is 52.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday. Raymond James reiterated an “outperform” rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a report on Wednesday. Finally, StockNews.com assumed coverage on shares of Camden National in a report on Monday. They issued a “hold” rating for the company.

Camden National Profile

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.