PNC Financial Services Group Inc. boosted its stake in Camden National Corporation (NASDAQ:CAC) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,061 shares of the financial services provider’s stock after buying an additional 405 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.05% of Camden National Corporation worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its stake in Camden National Corporation by 10.8% in the 1st quarter. FMR LLC now owns 1,399,131 shares of the financial services provider’s stock valued at $61,618,000 after buying an additional 136,242 shares in the last quarter. LSV Asset Management lifted its stake in Camden National Corporation by 41.7% in the 2nd quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock valued at $28,264,000 after buying an additional 193,979 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Camden National Corporation by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 655,979 shares of the financial services provider’s stock valued at $28,890,000 after buying an additional 34,596 shares in the last quarter. Vanguard Group Inc. lifted its stake in Camden National Corporation by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 640,571 shares of the financial services provider’s stock valued at $28,211,000 after buying an additional 42,931 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Camden National Corporation by 7.8% in the 1st quarter. Renaissance Technologies LLC now owns 354,449 shares of the financial services provider’s stock valued at $15,610,000 after buying an additional 25,749 shares in the last quarter. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Camden National Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st.

Camden National Corporation (NASDAQ:CAC) opened at 43.91 on Friday. Camden National Corporation has a 1-year low of $30.50 and a 1-year high of $45.43. The firm has a 50-day moving average of $41.87 and a 200-day moving average of $41.79. The stock has a market capitalization of $681.13 million, a price-to-earnings ratio of 16.33 and a beta of 0.82.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, October 12th. Camden National Corporation’s dividend payout ratio is currently 34.07%.

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In other Camden National Corporation news, Director John W. Holmes acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $38.95 per share, with a total value of $38,950.00. Following the completion of the transaction, the director now directly owns 19,756 shares of the company’s stock, valued at $769,496.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl John Soderberg acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of $38.46 per share, with a total value of $115,380.00. Following the transaction, 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. In the last ninety days, insiders have acquired 5,000 shares of company stock worth $192,900. 2.34% of the stock is currently owned by insiders.

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.

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

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