American Century Companies Inc. increased its stake in shares of Camden National Corporation (NASDAQ:CAC) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,898 shares of the financial services provider’s stock after purchasing an additional 380 shares during the quarter. American Century Companies Inc. owned 0.16% of Camden National Corporation worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its position in shares of Camden National Corporation by 0.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,505 shares of the financial services provider’s stock worth $1,916,000 after acquiring an additional 119 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Camden National Corporation by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 153 shares in the last quarter. American International Group Inc. boosted its position in shares of Camden National Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 9,398 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 619 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Camden National Corporation by 10.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,656 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 740 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Camden National Corporation by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 30,740 shares of the financial services provider’s stock worth $1,354,000 after acquiring an additional 1,179 shares in the last quarter. 64.72% of the stock is owned by hedge funds and other institutional investors.

Camden National Corporation (NASDAQ CAC) opened at 40.01 on Friday. Camden National Corporation has a 52-week low of $29.49 and a 52-week high of $45.43. The stock’s 50 day moving average price is $39.61 and its 200 day moving average price is $41.68. The firm has a market capitalization of $620.64 million, a PE ratio of 14.88 and a beta of 0.79.

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

In other Camden National Corporation news, Director John W. Holmes bought 1,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $38.57 per share, for a total transaction of $38,570.00. Following the completion of the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at $707,990.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carl John Soderberg bought 3,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of $38.46 per share, with a total value of $115,380.00. Following the completion of the purchase, the director now directly owns 59,323 shares of the company’s stock, valued at $2,281,562.58. The disclosure for this purchase can be found here. Insiders have bought 5,000 shares of company stock valued at $192,900 over the last 90 days. Insiders own 2.34% of the company’s stock.

WARNING: “American Century Companies Inc. Has $1.07 Million Position in Camden National Corporation (CAC)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/17/american-century-companies-inc-has-1-07-million-position-in-camden-national-corporation-cac.html.

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

Camden National Corporation Profile

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.

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

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