Camden National Co. (NASDAQ:CAC) CEO Gregory A. Dufour acquired 1,810 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average price of $30.15 per share, for a total transaction of $54,571.50. Following the completion of the acquisition, the chief executive officer now owns 85,725 shares in the company, valued at approximately $2,584,608.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of CAC stock opened at $44.90 on Wednesday. The stock has a market cap of $709.42, a P/E ratio of 16.73 and a beta of 0.78. Camden National Co. has a fifty-two week low of $37.10 and a fifty-two week high of $47.41. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.
Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. The company had revenue of $39.50 million for the quarter. Camden National had a net margin of 16.30% and a return on equity of 10.54%. equities analysts predict that Camden National Co. will post 3.42 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Camden National during the 3rd quarter worth approximately $208,000. Teacher Retirement System of Texas purchased a new stake in shares of Camden National in the 4th quarter valued at approximately $225,000. Aperio Group LLC increased its position in shares of Camden National by 26.7% in the 3rd quarter. Aperio Group LLC now owns 5,990 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,263 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Camden National in the 4th quarter valued at approximately $330,000. Finally, Citadel Advisors LLC increased its position in shares of Camden National by 58.3% in the 3rd quarter. Citadel Advisors LLC now owns 8,605 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 3,168 shares during the last quarter. Institutional investors own 64.69% of the company’s stock.
Several brokerages have recently commented on CAC. ValuEngine upgraded shares of Camden National from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub upgraded shares of Camden National from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Piper Jaffray Companies upped their price objective on shares of Camden National from $50.50 to $51.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $48.00 price objective on shares of Camden National in a report on Friday, December 22nd.
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.
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