Camden National Co. (NASDAQ:CAC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its position in shares of Camden National Co. (NASDAQ:CAC) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 21,268 shares of the financial services provider’s stock after selling 654 shares during the period. Hantz Financial Services Inc.’s holdings in Camden National were worth $909,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Camden National during the second quarter worth $73,000. Nisa Investment Advisors LLC lifted its holdings in Camden National by 18,500.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock worth $79,000 after buying an additional 1,850 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Camden National in the 4th quarter valued at $280,000. SG Americas Securities LLC boosted its stake in Camden National by 58.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 2,602 shares during the period. Finally, Clark & Stuart Inc purchased a new position in Camden National during the 4th quarter worth $434,000. 77.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAC has been the subject of a number of research reports. StockNews.com began coverage on shares of Camden National in a report on Monday, January 27th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods upped their price objective on Camden National from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Raymond James reiterated an “outperform” rating and issued a $53.00 target price (up from $50.00) on shares of Camden National in a research note on Wednesday.

Camden National Stock Down 0.2 %

Shares of NASDAQ:CAC opened at $45.36 on Friday. The company has a market cap of $661.35 million, a price-to-earnings ratio of 12.53 and a beta of 0.76. Camden National Co. has a fifty-two week low of $28.62 and a fifty-two week high of $50.07. The firm’s 50-day simple moving average is $44.52 and its 200-day simple moving average is $41.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.

Camden National (NASDAQ:CAC) last announced its quarterly earnings data 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 last year, the firm posted $0.85 EPS. As a group, equities research analysts predict that Camden National Co. will post 4.16 earnings per share for the current year.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Wednesday, January 15th. Camden National’s payout ratio is 46.41%.

Camden National Company 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.