Empirical Financial Services Lowers stake in Camden National Corporation (CAC)

Camden National Corporation (CAC) : Empirical Financial Services reduced its stake in Camden National Corporation by 17.52% during the most recent quarter end. The investment management company now holds a total of 36,713 shares of Camden National Corporation which is valued at $1,597,383 after selling 7,800 shares in Camden National Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Camden National Corporation makes up approximately 0.42% of Empirical Financial Services’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in CAC in the latest quarter, The investment management firm added 5,468 additional shares and now holds a total of 21,351 shares of Camden National Corporation which is valued at $928,982. Quantitative Systematic Strategies added CAC to its portfolio by purchasing 6,621 company shares during the most recent quarter which is valued at $287,881. Camden National Corporation makes up approx 0.12% of Quantitative Systematic Strategies’s portfolio. Id Management As added CAC to its portfolio by purchasing 2,393 company shares during the most recent quarter which is valued at $106,489. Camden National Corporation makes up approx 0.03% of Id Management As’s portfolio.

Camden National Corporation opened for trading at $43.65 and hit $43.97 on the upside on Thursday, eventually ending the session at $43.85, with a gain of 0.78% or 0.34 points. The heightened volatility saw the trading volume jump to 7,162 shares. Company has a market cap of $450 M.

Camden National Corporation is a bank holding company. The Company 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 Company makes offers commercial and consumer banking products and services 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 Company also offers investment management and fiduciary services through its subsidiary Acadia Trust N.A. (Acadia Trust) a federally-regulated non-depository trust company headquartered in Portland Maine.

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