Bar Harbor Wealth Management Has $13.10 Million Stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Bar Harbor Wealth Management raised its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,401 shares of the financial services provider’s stock after acquiring an additional 10,761 shares during the quarter. Bar Harbor Wealth Management owned approximately 2.81% of Bar Harbor Bankshares worth $13,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BHB. Janus Henderson Group PLC acquired a new position in shares of Bar Harbor Bankshares during the 3rd quarter valued at about $203,000. Camden National Bank acquired a new position in Bar Harbor Bankshares during the third quarter valued at approximately $214,000. Moors & Cabot Inc. bought a new position in shares of Bar Harbor Bankshares in the third quarter valued at approximately $214,000. Sky Investment Group LLC bought a new stake in shares of Bar Harbor Bankshares during the 3rd quarter worth $216,000. Finally, First Bancorp Inc ME bought a new position in Bar Harbor Bankshares in the 3rd quarter worth $220,000. 54.49% of the stock is owned by hedge funds and other institutional investors.

Bar Harbor Bankshares Stock Up 3.1 %

Shares of NYSEAMERICAN BHB traded up $0.91 during mid-day trading on Monday, hitting $29.95. The company’s stock had a trading volume of 38,802 shares, compared to its average volume of 46,297. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $457.34 million, a PE ratio of 10.77 and a beta of 0.69. Bar Harbor Bankshares has a one year low of $23.26 and a one year high of $38.47.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. Bar Harbor Bankshares had a return on equity of 9.66% and a net margin of 18.99%. The business had revenue of $58.23 million during the quarter, compared to analysts’ expectations of $37.30 million. Equities analysts expect that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 4.01%. Bar Harbor Bankshares’s payout ratio is 43.17%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their target price on Bar Harbor Bankshares from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.