UBS Group AG Has $2.53 Million Position in Camden National Corporation $CAC

UBS Group AG increased its position in Camden National Corporation (NASDAQ:CAC) by 47.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,395 shares of the financial services provider’s stock after buying an additional 18,722 shares during the quarter. UBS Group AG owned 0.35% of Camden National worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Camden National by 13,790.0% in the third quarter. Russell Investments Group Ltd. now owns 1,389 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,379 shares during the period. Advisory Services Network LLC bought a new position in shares of Camden National during the third quarter worth about $58,000. Nisa Investment Advisors LLC lifted its stake in shares of Camden National by 15,220.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,532 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,522 shares during the period. Aquatic Capital Management LLC boosted its holdings in Camden National by 33.5% in the third quarter. Aquatic Capital Management LLC now owns 3,153 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 791 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Camden National by 45.7% in the second quarter. Quantbot Technologies LP now owns 3,167 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 993 shares during the last quarter. Institutional investors and hedge funds own 77.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Camden National from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. National Bank Financial set a $50.00 target price on shares of Camden National in a research report on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating and set a $56.00 target price on shares of Camden National in a research report on Wednesday, April 29th. Stephens reissued an “equal weight” rating and set a $53.00 target price on shares of Camden National in a research report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Camden National from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Camden National presently has a consensus rating of “Hold” and a consensus price target of $52.25.

Camden National Trading Up 1.9%

Shares of CAC stock opened at $50.25 on Wednesday. The company has a market cap of $850.23 million, a P/E ratio of 10.69 and a beta of 0.56. The stock has a 50 day simple moving average of $48.55 and a two-hundred day simple moving average of $46.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.82. Camden National Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $53.71.

Camden National (NASDAQ:CAC) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $64.34 million during the quarter, compared to the consensus estimate of $65.57 million. Camden National had a return on equity of 11.78% and a net margin of 21.32%. Research analysts forecast that Camden National Corporation will post 5.39 earnings per share for the current year.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, April 15th. Camden National’s payout ratio is presently 35.74%.

Camden National Profile

Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.

The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.