Camden National Corporation $CAC Stock Bought by Ledyard National Bank

Posted by Stanley Muller on Oct 23rd, 2026

Ledyard National Bank grew its holdings in Camden National Corporation (NASDAQ:CAC – Free Report) by 601.3% in the 3rd quarter, Holdings Channel reports. The fund owned 53,718 shares of the financial services provider’s stock after purchasing an additional 46,058 shares during the quarter. Ledyard National Bank’s holdings in Camden National were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Camden National during the second quarter worth $96,659,000. Dimensional Fund Advisors LP raised its stake in Camden National by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 830,350 shares of the financial services provider’s stock valued at $39,400,000 after purchasing an additional 8,205 shares during the last quarter. Basswood Capital Management L.L.C. bought a new stake in Camden National in the 2nd quarter valued at $13,430,000. The Manufacturers Life Insurance Company bought a new stake in Camden National in the 2nd quarter valued at $12,693,000. Finally, Kimelman & Baird LLC bought a new stake in Camden National in the 2nd quarter valued at $7,444,000. Institutional investors and hedge funds own 77.41% of the company’s stock.

Analyst Ratings Changes

CAC has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Camden National from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of Camden National from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. National Bank Financial set a $60.00 target price on shares of Camden National in a research note on Tuesday, September 15th. Raymond James Financial lifted their target price on Camden National from $56.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Hovde Group assumed coverage on Camden National in a research report on Tuesday, September 15th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.50.

Read Our Latest Report on CAC

Camden National Stock Performance

CAC opened at $57.86 on Friday. The stock’s 50 day simple moving average is $56.93 and its 200-day simple moving average is $53.90. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.09. The stock has a market cap of $977.83 million, a PE ratio of 10.83 and a beta of 0.57. Camden National Corporation has a 1 year low of $36.62 and a 1 year high of $60.59.

Camden National (NASDAQ:CAC – Get Free Report) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.29 by $0.06. The firm had revenue of $67.41 million during the quarter, compared to analysts’ expectations of $66.41 million. Camden National had a return on equity of 12.59% and a net margin of 23.64%. Sell-side analysts forecast that Camden National Corporation will post 5.36 EPS for the current year.

Camden National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 15th. Camden National’s payout ratio is 32.18%.

Camden National Profile

(Free Report)

Camden National Corporation (NASDAQ:CAC) is a bank holding company headquartered in Camden, Maine. Through its principal subsidiary, Camden National Bank, the company provides banking and financial services to individuals, families, businesses and municipalities primarily across Maine.

Camden National Bank offers deposit accounts, residential and commercial real estate loans, consumer lending, business financing, cash-management services and digital banking. Its offerings also include wealth management, trust and investment services designed to support customers with financial planning and asset management needs.

Founded in 1875, Camden National has developed a community-banking model supported by branches and banking offices throughout Maine.