Royce & Associates LP boosted its stake in Camden National Co. (NASDAQ:CAC) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 507,914 shares of the financial services provider’s stock after purchasing an additional 12,625 shares during the period. Royce & Associates LP owned about 3.34% of Camden National worth $23,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CAC. Denali Advisors LLC purchased a new position in Camden National in the 4th quarter valued at approximately $106,000. SG Americas Securities LLC purchased a new position in Camden National in the 4th quarter valued at approximately $147,000. Virginia Retirement Systems ET AL boosted its position in Camden National by 7.3% in the 4th quarter. Virginia Retirement Systems ET AL now owns 5,900 shares of the financial services provider’s stock valued at $272,000 after buying an additional 400 shares during the period. Headinvest LLC boosted its position in Camden National by 40.7% in the 3rd quarter. Headinvest LLC now owns 7,213 shares of the financial services provider’s stock valued at $312,000 after buying an additional 2,087 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Camden National in the 3rd quarter valued at approximately $386,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

In other news, EVP Joanne T. Campbell sold 4,222 shares of Camden National stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.98, for a total transaction of $202,571.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.04% of the stock is currently owned by insiders.

Several equities analysts have commented on the stock. BidaskClub cut shares of Camden National from a “buy” rating to a “hold” rating in a research report on Tuesday. Raymond James assumed coverage on shares of Camden National in a research report on Tuesday, November 26th. They issued a “market perform” rating for the company. Finally, Janney Montgomery Scott assumed coverage on shares of Camden National in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Camden National has an average rating of “Hold” and an average price target of $50.00.

Shares of Camden National stock traded down $0.57 during trading on Friday, hitting $47.12. 2,013 shares of the stock were exchanged, compared to its average volume of 52,300. The stock has a market cap of $718.32 million, a price-to-earnings ratio of 12.75 and a beta of 0.79. The firm’s 50-day moving average price is $46.57 and its 200 day moving average price is $44.34. Camden National Co. has a 12-month low of $38.68 and a 12-month high of $48.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.81.

Camden National (NASDAQ:CAC) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The business had revenue of $44.19 million during the quarter, compared to analysts’ expectations of $42.16 million. Camden National had a net margin of 27.16% and a return on equity of 12.35%. As a group, research analysts forecast that Camden National Co. will post 3.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a dividend of $0.33 per share. This is a boost from Camden National’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Tuesday, January 14th. Camden National’s payout ratio is 35.77%.

Camden National Company Profile

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.

Recommended Story: Bond

Want to see what other hedge funds are holding CAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden National Co. (NASDAQ:CAC).

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

Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with MarketBeat.com's FREE daily email newsletter.