Bryn Mawr Capital Management LLC Takes $247,000 Position in Camden National Co. (NASDAQ:CAC)

Bryn Mawr Capital Management LLC acquired a new stake in Camden National Co. (NASDAQ:CAC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,775 shares of the financial services provider’s stock, valued at approximately $247,000.

Several other large investors also recently modified their holdings of CAC. US Bancorp DE grew its position in Camden National by 2.9% during the 3rd quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 319 shares during the last quarter. Rhumbline Advisers grew its position in Camden National by 1.8% during the 4th quarter. Rhumbline Advisers now owns 23,204 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 415 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Camden National by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock worth $4,876,000 after acquiring an additional 674 shares during the last quarter. Apollon Wealth Management LLC grew its position in Camden National by 3.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 30,435 shares of the financial services provider’s stock worth $1,258,000 after acquiring an additional 900 shares during the last quarter. Finally, Coston McIsaac & Partners grew its position in Camden National by 11.8% during the 4th quarter. Coston McIsaac & Partners now owns 12,997 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 1,376 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors.

Camden National Stock Up 0.0 %

NASDAQ:CAC opened at $43.59 on Friday. The stock’s fifty day moving average price is $43.81 and its two-hundred day moving average price is $42.74. Camden National Co. has a 52-week low of $28.62 and a 52-week high of $50.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $635.41 million, a price-to-earnings ratio of 12.04 and a beta of 0.77.

Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same period in the prior year, the company posted $0.85 EPS. On average, analysts anticipate that Camden National Co. will post 4.25 EPS for the current year.

Camden National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Wednesday, January 15th. Camden National’s dividend payout ratio (DPR) is currently 46.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Camden National from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and set a $53.00 price objective (up previously from $50.00) on shares of Camden National in a report on Wednesday, January 29th. Finally, StockNews.com started coverage on Camden National in a report on Friday. They set a “hold” rating on the stock.

Camden National Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.