Carl John Soderberg Buys 3,000 Shares of Camden National Corporation (CAC) Stock
Camden National Corporation (NASDAQ:CAC) Director Carl John Soderberg purchased 3,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of $38.46 per share, with a total value of $115,380.00. Following the completion of the transaction, the director now owns 59,323 shares of the company’s stock, valued at $2,281,562.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Camden National Corporation (NASDAQ:CAC) traded down 1.681% on Thursday, reaching $37.715. The company had a trading volume of 15,590 shares. The firm has a market capitalization of $585.04 million, a price-to-earnings ratio of 14.026 and a beta of 0.79. Camden National Corporation has a 52-week low of $29.49 and a 52-week high of $45.43. The stock’s 50-day moving average price is $40.17 and its 200 day moving average price is $41.84.
Camden National Corporation (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.01. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. The business had revenue of $38.51 million for the quarter. On average, equities analysts anticipate that Camden National Corporation will post $2.68 earnings per share for the current fiscal year.
CAC has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 price target on shares of Camden National Corporation in a research report on Friday, June 2nd. BidaskClub lowered Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
A number of institutional investors have recently made changes to their positions in CAC. BNP Paribas Arbitrage SA boosted its position in Camden National Corporation by 479.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,936 shares during the period. SG Americas Securities LLC purchased a new position in Camden National Corporation in the 1st quarter valued at about $124,000. Atlantic Trust LLC purchased a new position in Camden National Corporation in the 2nd quarter valued at about $136,000. Legal & General Group Plc boosted its position in Camden National Corporation by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock valued at $165,000 after buying an additional 153 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Camden National Corporation by 696.7% in the 2nd quarter. Citigroup Inc. now owns 4,772 shares of the financial services provider’s stock valued at $205,000 after buying an additional 4,173 shares during the last quarter. 64.72% of the stock is owned by hedge funds and other institutional investors.
Camden National Corporation 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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