Trust Co. of Vermont Increases Stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Trust Co. of Vermont grew its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 561.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,444 shares of the financial services provider’s stock after buying an additional 33,478 shares during the period. Trust Co. of Vermont owned approximately 0.26% of Bar Harbor Bankshares worth $1,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BHB. Bar Harbor Wealth Management raised its stake in shares of Bar Harbor Bankshares by 2.6% in the fourth quarter. Bar Harbor Wealth Management now owns 428,401 shares of the financial services provider’s stock worth $13,101,000 after purchasing an additional 10,761 shares during the last quarter. JPMorgan Chase & Co. raised its position in Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 22,212 shares during the last quarter. Barclays PLC lifted its stake in Bar Harbor Bankshares by 50.0% during the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock valued at $1,533,000 after acquiring an additional 16,579 shares during the period. Arete Wealth Advisors LLC lifted its stake in Bar Harbor Bankshares by 21.4% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,615 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 1,694 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Bar Harbor Bankshares by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider’s stock valued at $10,348,000 after acquiring an additional 3,602 shares during the last quarter. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Up 0.3 %

Shares of Bar Harbor Bankshares stock opened at $31.10 on Friday. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $474.90 million, a P/E ratio of 11.19 and a beta of 0.73.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $58.23 million for the quarter, compared to the consensus estimate of $37.30 million. On average, analysts anticipate that Bar Harbor Bankshares will post 2.82 earnings per share for the current year.

Bar Harbor Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.86%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is 43.17%.

Analysts Set New Price Targets

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

Bar Harbor Bankshares 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.