Congress Wealth Management LLC DE Buys 7,445 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Congress Wealth Management LLC DE raised its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 93.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,406 shares of the financial services provider’s stock after acquiring an additional 7,445 shares during the period. Congress Wealth Management LLC DE owned approximately 0.10% of Bar Harbor Bankshares worth $471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BHB. Bar Harbor Wealth Management boosted its position in shares of Bar Harbor Bankshares by 2.6% during the 4th quarter. Bar Harbor Wealth Management now owns 428,401 shares of the financial services provider’s stock worth $13,101,000 after acquiring an additional 10,761 shares in the last quarter. State Street Corp boosted its holdings in shares of Bar Harbor Bankshares by 5.6% in the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after purchasing an additional 19,118 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Bar Harbor Bankshares by 1.1% in 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 purchasing an additional 3,602 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Bar Harbor Bankshares by 1.9% during the 4th quarter. American Century Companies Inc. now owns 259,299 shares of the financial services provider’s stock worth $7,929,000 after buying an additional 4,713 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Bar Harbor Bankshares by 74.5% during the 4th quarter. Boston Partners now owns 124,321 shares of the financial services provider’s stock worth $3,802,000 after buying an additional 53,063 shares during the last quarter. 54.49% of the stock is currently owned by institutional investors.

Bar Harbor Bankshares Stock Down 2.9 %

Shares of BHB stock opened at $29.75 on Friday. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The stock’s fifty day moving average price is $31.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $454.28 million, a price-to-earnings ratio of 10.44 and a beta of 0.72.

Bar Harbor Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 20th. Bar Harbor Bankshares’s dividend payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th.

About Bar Harbor Bankshares

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.