Kimelman & Baird LLC Has $8.97 Million Holdings in Camden National Co. (NASDAQ:CAC)

Kimelman & Baird LLC lessened its holdings in shares of Camden National Co. (NASDAQ:CAC) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,161 shares of the financial services provider’s stock after selling 2,525 shares during the quarter. Kimelman & Baird LLC’s holdings in Camden National were worth $8,974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Camden National by 10.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 90,080 shares of the financial services provider’s stock valued at $3,758,000 after acquiring an additional 8,825 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Camden National by 40.8% in the 2nd quarter. Aperio Group LLC now owns 8,465 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 2,451 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Camden National in the 2nd quarter valued at $456,000. Swiss National Bank lifted its stake in shares of Camden National by 2.5% in the 2nd quarter. Swiss National Bank now owns 29,061 shares of the financial services provider’s stock valued at $1,333,000 after acquiring an additional 700 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Camden National in the 2nd quarter valued at $1,008,000. 68.51% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on CAC. Raymond James began coverage on Camden National in a research note on Tuesday, November 26th. They issued a “market perform” rating for the company. BidaskClub upgraded Camden National from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Shares of CAC traded up $0.29 during trading hours on Tuesday, reaching $44.10. The stock had a trading volume of 2,076 shares, compared to its average volume of 53,078. The stock has a market capitalization of $664.87 million, a PE ratio of 13.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.81. Camden National Co. has a 12 month low of $33.49 and a 12 month high of $47.25. The company’s 50-day moving average is $44.09 and its two-hundred day moving average is $43.56.

Camden National (NASDAQ:CAC) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The business had revenue of $42.66 million during the quarter. Camden National had a return on equity of 12.27% and a net margin of 27.02%. Equities analysts anticipate that Camden National Co. will post 3.59 earnings per share for the current fiscal year.

About Camden National

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for Camden National (NASDAQ:CAC)

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