State of New Jersey Common Pension Fund D purchased a new position in Camden National Co. (NASDAQ:CAC – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,140 shares of the financial services provider’s stock, valued at approximately $2,217,000.
Other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC increased its holdings in shares of Camden National by 748.7% in the first quarter. Addison Advisors LLC now owns 3,641 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 3,212 shares during the period. Assenagon Asset Management S.A. bought a new position in Camden National in the fourth quarter valued at $306,000. Allspring Global Investments Holdings LLC bought a new position in Camden National in the fourth quarter valued at $308,000. BNP Paribas Arbitrage SA increased its stake in Camden National by 55.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 6,480 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 2,323 shares during the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in Camden National in the fourth quarter valued at $361,000. Institutional investors own 66.03% of the company’s stock.
Camden National Stock Up 0.6 %
CAC opened at $45.16 on Thursday. The stock has a market cap of $661.86 million, a PE ratio of 10.68 and a beta of 0.80. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.09. Camden National Co. has a 52 week low of $41.48 and a 52 week high of $52.16. The business’s fifty day simple moving average is $44.64 and its 200 day simple moving average is $46.52.
Camden National (NASDAQ:CAC – Get Rating) last released its earnings results on Tuesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). Camden National had a net margin of 31.49% and a return on equity of 12.06%. During the same period in the prior year, the firm posted $1.21 earnings per share. As a group, research analysts expect that Camden National Co. will post 4.29 earnings per share for the current fiscal year.
Camden National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. Camden National’s dividend payout ratio (DPR) is currently 37.83%.
About Camden National
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. 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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