Hantz Financial Services Inc. Sells 1,020 Shares of Camden National Co. (NASDAQ:CAC)

Hantz Financial Services Inc. lessened its stake in shares of Camden National Co. (NASDAQ:CAC) by 4.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,922 shares of the financial services provider’s stock after selling 1,020 shares during the period. Hantz Financial Services Inc.’s holdings in Camden National were worth $906,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers grew its stake in Camden National by 1.4% in the second quarter. Rhumbline Advisers now owns 23,077 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 319 shares during the period. US Bancorp DE lifted its holdings in shares of Camden National by 2.9% in the 3rd quarter. US Bancorp DE now owns 11,166 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 319 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Camden National by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 117,995 shares of the financial services provider’s stock valued at $4,876,000 after purchasing an additional 674 shares during the period. Apollon Wealth Management LLC increased its stake in Camden National by 3.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 30,435 shares of the financial services provider’s stock valued at $1,258,000 after purchasing an additional 900 shares in the last quarter. Finally, Coston McIsaac & Partners raised its holdings in Camden National by 18.6% during the third quarter. Coston McIsaac & Partners now owns 11,621 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,819 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.

Camden National Price Performance

Shares of NASDAQ:CAC opened at $47.11 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $686.86 million, a PE ratio of 14.72 and a beta of 0.72. The stock’s fifty day simple moving average is $43.33 and its two-hundred day simple moving average is $38.38. Camden National Co. has a 1-year low of $28.62 and a 1-year high of $50.07.

Camden National (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Camden National had a net margin of 16.47% and a return on equity of 9.95%. The company had revenue of $75.13 million for the quarter, compared to analyst estimates of $43.90 million. During the same period last year, the firm earned $0.96 earnings per share. As a group, analysts forecast that Camden National Co. will post 3.45 EPS for the current fiscal year.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Tuesday, October 15th. Camden National’s dividend payout ratio is presently 52.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CAC shares. Keefe, Bruyette & Woods lifted their price objective on shares of Camden National from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Wednesday, September 11th. StockNews.com assumed coverage on Camden National in a research note on Monday. They set a “hold” rating for the company.

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.