Vanguard Group Inc. lifted its position in Camden National Corporation (NASDAQ:CAC) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,842 shares of the financial services provider’s stock after acquiring an additional 18,271 shares during the quarter. Vanguard Group Inc. owned 4.25% of Camden National Corporation worth $28,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in shares of Camden National Corporation by 41.7% in the second quarter. LSV Asset Management now owns 658,688 shares of the financial services provider’s stock valued at $28,264,000 after acquiring an additional 193,979 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Camden National Corporation by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 655,979 shares of the financial services provider’s stock valued at $28,890,000 after acquiring an additional 34,596 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Camden National Corporation by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 290,469 shares of the financial services provider’s stock valued at $12,464,000 after acquiring an additional 9,879 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Camden National Corporation by 0.9% in the second quarter. Northern Trust Corp now owns 195,652 shares of the financial services provider’s stock valued at $8,395,000 after acquiring an additional 1,826 shares in the last quarter. Finally, BTIM Corp. bought a new stake in shares of Camden National Corporation in the second quarter valued at about $7,207,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

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In other news, Director Carl John Soderberg bought 3,000 shares of Camden National Corporation stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $38.46 per share, for a total transaction of $115,380.00. Following the completion of the acquisition, the director now owns 59,323 shares of the company’s stock, valued at approximately $2,281,562.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Holmes bought 1,000 shares of Camden National Corporation stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $38.95 per share, with a total value of $38,950.00. Following the completion of the acquisition, the director now directly owns 19,756 shares of the company’s stock, valued at approximately $769,496.20. The disclosure for this purchase can be found here. Insiders acquired 5,000 shares of company stock valued at $192,900 over the last quarter. 2.34% of the stock is currently owned by corporate insiders.

Camden National Corporation (NASDAQ CAC) opened at $41.73 on Friday. The company has a market cap of $647.56, a PE ratio of 15.34 and a beta of 0.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. Camden National Corporation has a fifty-two week low of $35.04 and a fifty-two week high of $45.43.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were issued a $0.23 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.92 dividend on an annualized basis and a yield of 2.20%. Camden National Corporation’s dividend payout ratio is presently 33.82%.

CAC has been the subject of several recent research reports. BidaskClub downgraded Camden National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Keefe, Bruyette & Woods downgraded Camden National Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st.

Camden National Corporation Company 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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