Camden National Co. (NASDAQ:CAC) CFO Deborah A. Jordan purchased 961 shares of Camden National stock in a transaction dated Thursday, March 15th. The shares were bought at an average cost of $30.15 per share, for a total transaction of $28,974.15. Following the transaction, the chief financial officer now directly owns 51,702 shares of the company’s stock, valued at approximately $1,558,815.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
CAC stock opened at $44.90 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 0.80. Camden National Co. has a 12-month low of $37.10 and a 12-month high of $47.41. The company has a market cap of $709.42, a PE ratio of 16.73 and a beta of 0.78.
Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Camden National had a net margin of 16.30% and a return on equity of 10.54%. The business had revenue of $39.50 million for the quarter. research analysts forecast that Camden National Co. will post 3.42 EPS for the current fiscal year.
Several equities analysts have recently commented on CAC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $48.00 price target on shares of Camden National in a research report on Friday, December 22nd. ValuEngine cut shares of Camden National from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. BidaskClub raised shares of Camden National from a “sell” rating to a “hold” rating in a research report on Sunday, February 11th. Finally, Piper Jaffray Companies increased their price target on shares of Camden National from $50.50 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.
Several hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in Camden National by 5.3% during the second quarter. State Street Corp now owns 290,238 shares of the financial services provider’s stock worth $12,456,000 after acquiring an additional 14,565 shares during the period. Aperio Group LLC raised its stake in Camden National by 26.7% during the third quarter. Aperio Group LLC now owns 5,990 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 1,263 shares during the period. Commonwealth Equity Services Inc raised its stake in Camden National by 5.0% during the third quarter. Commonwealth Equity Services Inc now owns 42,309 shares of the financial services provider’s stock worth $1,846,000 after acquiring an additional 2,016 shares during the period. SG Americas Securities LLC acquired a new stake in Camden National during the third quarter worth about $208,000. Finally, Rothschild Asset Management Inc. raised its stake in Camden National by 36.8% during the third quarter. Rothschild Asset Management Inc. now owns 70,242 shares of the financial services provider’s stock worth $3,065,000 after acquiring an additional 18,900 shares during the period. 64.69% of the stock is currently owned by institutional investors and hedge funds.
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About Camden National
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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