Camden National Corporation (NASDAQ:CAC) is expected to pay $0.20 on Oct 31, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on Camden National Corporation’s current price of $29.80, the dividend is 0.67%. This dividend’s record date is Oct 17, 2016 and the announcement date is Sep 28, 2016. The stock increased 0.03% or $0.01 during the last trading session, hitting $29.8. Camden National Corporation (NASDAQ:CAC) has risen 9.88% since March 9, 2016 and is uptrending. It has outperformed by 2.47% the S&P500.
Camden National Corporation is a bank holding company. The company has a market cap of $460.34 million. The Firm is a diversified financial services provider. It has a 16 P/E ratio. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
Insitutional Activity: The institutional sentiment increased to 2.55 in 2016 Q2. Its up 0.93, from 1.62 in 2016Q1. The ratio increased, as 7 funds sold all Camden National Corporation shares owned while 13 reduced positions. 5 funds bought stakes while 46 increased positions. They now own 5.24 million shares or 13.15% less from 6.03 million shares in 2016Q1.
State Bank Of America De has 0% invested in the company for 77,733 shares. The New York-based Metropolitan Life Com Ny has invested 0% in Camden National Corporation (NASDAQ:CAC). National Bank Of New York Mellon, a New York-based fund reported 128,436 shares. Morgan Stanley accumulated 0% or 6,089 shares. Ameriprise Fincl Inc last reported 8,520 shares in the company. Deutsche Bank & Trust Ag, a Germany-based fund reported 62,641 shares. First Manhattan last reported 0% of its portfolio in the stock. Moreover, Geode Cap Mgmt Ltd Limited Liability Company has 0% invested in Camden National Corporation (NASDAQ:CAC) for 56,079 shares. Legal And General Group Public Limited has 0% invested in the company for 1,249 shares. Empirical Svcs last reported 36,713 shares in the company. Pnc Finance Services last reported 0% of its portfolio in the stock. Fmr Limited Liability Corporation holds 0.01% or 889,470 shares in its portfolio. Acadia Trust Na accumulated 0.87% or 67,448 shares. Northern Tru owns 110,923 shares or 0% of their US portfolio. Axa has 1,900 shares for 0% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 1 insider buy, and 0 insider sales for $10,776 net activity. $10,776 worth of Camden National Corporation (NASDAQ:CAC) was bought by Nightingale Timothy P.
Camden National Corporation (NASDAQ:CAC) Ratings Coverage
Out of 2 analysts covering Camden National Corp. (NASDAQ:CAC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $54 is the highest target while $47 is the lowest. The $51.50 average target is 72.82% above today’s ($29.8) stock price. Camden National Corp. has been the topic of 4 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock of Camden National Corporation (NASDAQ:CAC) earned “Overweight” rating by Piper Jaffray on Friday, December 4. Keefe Bruyette & Woods initiated the shares of CAC in a report on Monday, September 14 with “Outperform” rating. The stock of Camden National Corporation (NASDAQ:CAC) earned “Overweight” rating by Piper Jaffray on Wednesday, September 16.
More notable recent Camden National Corporation (NASDAQ:CAC) news were published by: Prnewswire.com which released: “Camden National Corporation’s Board Announces Three-for-Two Stock Split” on August 30, 2016, also Prnewswire.com with their article: “Camden National Corporation and Camden National Bank Elect David Ott and Carl …” published on October 14, 2015, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on April 18, 2011. More interesting news about Camden National Corporation (NASDAQ:CAC) were released by: Prnewswire.com and their article: “Camden National Corporation appoints Deborah Jordan Chief Operating Officer …” published on December 19, 2014 as well as Prnewswire.com‘s news article titled: “Camden National Corporation to Announce Third Quarter 2016 Financial Results …” with publication date: April 13, 2016.
CAC Company Profile
Camden National Corporation, incorporated on March 21, 1984, is a bank holding company. The Firm is a diversified financial services provider. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Firm offers commercial and consumer banking services and products through its subsidiary, Camden National Bank (the Bank), and brokerage and insurance services through Camden Financial Consultants (Camden Financial), a division of the Bank. The Firm also offers investment management and fiduciary services through its subsidiary, Acadia Trust, N.A. (Acadia Trust), a federally-regulated, non-depository trust firm headquartered in Portland, Maine.
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