Insider Buying: Camden National Co. (CAC) EVP Purchases 537 Shares of Stock

Camden National Co. (NASDAQ:CAC) EVP Joanne T. Campbell purchased 537 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $30.15 per share, for a total transaction of $16,190.55. Following the completion of the acquisition, the executive vice president now owns 20,652 shares in the company, valued at approximately $622,657.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CAC stock opened at $44.90 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. Camden National Co. has a twelve month low of $37.10 and a twelve month high of $47.41. The company has a market capitalization of $709.42, a P/E ratio of 16.73 and a beta of 0.78.

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Camden National (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. Camden National had a return on equity of 10.54% and a net margin of 16.30%. The company had revenue of $39.50 million for the quarter. analysts anticipate that Camden National Co. will post 3.42 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Camden National in the 3rd quarter worth approximately $208,000. Teacher Retirement System of Texas bought a new stake in Camden National in the 4th quarter worth approximately $225,000. Aperio Group LLC increased its stake in Camden National by 26.7% in the 3rd quarter. Aperio Group LLC now owns 5,990 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 1,263 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Camden National in the 4th quarter worth approximately $330,000. Finally, Citadel Advisors LLC increased its stake in Camden National by 58.3% in the 3rd quarter. Citadel Advisors LLC now owns 8,605 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 3,168 shares during the last quarter. 64.69% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on CAC shares. ValuEngine raised Camden National from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub raised Camden National from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $48.00 price target on shares of Camden National in a report on Friday, December 22nd. Finally, Piper Jaffray Companies boosted their price target on Camden National from $50.50 to $51.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

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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.

Insider Buying and Selling by Quarter for Camden National (NASDAQ:CAC)

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