Signaturefd LLC Sells 24,415 Shares of Camden National Co. (NASDAQ:CAC)

Signaturefd LLC lessened its position in Camden National Co. (NASDAQ:CAC) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,242 shares of the financial services provider’s stock after selling 24,415 shares during the period. Signaturefd LLC owned about 0.14% of Camden National worth $865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Camden National by 1.2% during the third quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock valued at $14,236,000 after purchasing an additional 4,067 shares during the period. JPMorgan Chase & Co. increased its holdings in Camden National by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider’s stock valued at $11,731,000 after buying an additional 99,097 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in shares of Camden National in the fourth quarter worth $6,811,000. Charles Schwab Investment Management Inc. increased its stake in shares of Camden National by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 118,716 shares of the financial services provider’s stock worth $5,074,000 after purchasing an additional 721 shares in the last quarter. Finally, Camden National Bank increased its stake in shares of Camden National by 3.2% in the fourth quarter. Camden National Bank now owns 96,537 shares of the financial services provider’s stock worth $4,126,000 after purchasing an additional 2,955 shares in the last quarter. Institutional investors own 77.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CAC. StockNews.com began coverage on shares of Camden National in a research note on Sunday. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised their target price on shares of Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Finally, Raymond James reiterated an “outperform” rating and set a $53.00 price objective (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.

Camden National Price Performance

CAC stock opened at $41.82 on Thursday. Camden National Co. has a 52 week low of $28.62 and a 52 week high of $50.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $43.56 and a two-hundred day simple moving average of $43.12. The firm has a market capitalization of $705.29 million, a P/E ratio of 11.55 and a beta of 0.73.

Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same period last year, the firm posted $0.85 earnings per share. Analysts anticipate that Camden National Co. will post 4.25 earnings per share for the current fiscal year.

About Camden National

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.