Camden National Corporation (NASDAQ:CAC) EVP Edmund M. Hayden sold 2,340 shares of Camden National stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.56, for a total transaction of $106,610.40. Following the transaction, the executive vice president now owns 7,958 shares of the company’s stock, valued at approximately $362,566.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Camden National Corporation (NASDAQ:CAC) opened at $45.71 on Tuesday. The company has a market cap of $705.67, a PE ratio of 16.72 and a beta of 0.79. Camden National Corporation has a twelve month low of $37.10 and a twelve month high of $47.41. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17.
Several hedge funds and other institutional investors have recently modified their holdings of CAC. BNP Paribas Arbitrage SA grew its holdings in shares of Camden National by 479.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,936 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Camden National during the second quarter worth about $136,000. Legal & General Group Plc grew its holdings in shares of Camden National by 4.2% during the second quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock worth $165,000 after buying an additional 153 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Camden National by 696.7% during the second quarter. Citigroup Inc. now owns 4,772 shares of the financial services provider’s stock worth $205,000 after buying an additional 4,173 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Camden National during the third quarter worth about $208,000. Institutional investors and hedge funds own 63.44% of the company’s stock.
A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Camden National from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Keefe, Bruyette & Woods downgraded shares of Camden National from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/12/05/camden-national-corporation-cac-evp-edmund-m-hayden-sells-2340-shares.html.
Camden National Company Profile
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.
Receive News & Ratings for Camden National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.