John W. Holmes Buys 1,000 Shares of Camden National Corporation (CAC) Stock
Camden National Corporation (NASDAQ:CAC) Director John W. Holmes bought 1,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $38.57 per share, with a total value of $38,570.00. Following the completion of the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $707,990.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Camden National Corporation (NASDAQ:CAC) traded down 2.16% during mid-day trading on Thursday, hitting $37.53. 34,077 shares of the stock were exchanged. The company has a 50-day moving average price of $40.17 and a 200-day moving average price of $41.84. The stock has a market cap of $582.17 million, a price-to-earnings ratio of 13.96 and a beta of 0.79. Camden National Corporation has a 12 month low of $29.49 and a 12 month high of $45.43.
Camden National Corporation (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $38.51 million for the quarter. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. Equities analysts expect that Camden National Corporation will post $2.68 earnings per share for the current year.
CAC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $48.00 target price on shares of Camden National Corporation in a research note on Friday, June 2nd. BidaskClub lowered shares of Camden National Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
Large investors have recently modified their holdings of the stock. Oxford Asset Management acquired a new stake in shares of Camden National Corporation during the 1st quarter worth about $653,000. Prudential Financial Inc. increased its position in shares of Camden National Corporation by 46.7% during the 1st quarter. Prudential Financial Inc. now owns 90,808 shares of the financial services provider’s stock worth $3,999,000 after purchasing an additional 28,900 shares during the last quarter. Rothschild Asset Management Inc. acquired a new stake in shares of Camden National Corporation during the 1st quarter worth about $871,000. Renaissance Technologies LLC increased its position in shares of Camden National Corporation by 7.8% during the 1st quarter. Renaissance Technologies LLC now owns 354,449 shares of the financial services provider’s stock worth $15,610,000 after purchasing an additional 25,749 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Camden National Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 9,398 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 619 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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