Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,650 shares of the financial services provider’s stock after selling 8,900 shares during the period. LSV Asset Management owned about 0.38% of Bar Harbor Bankshares worth $1,794,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BHB. Boston Partners raised its position in Bar Harbor Bankshares by 74.5% in the 4th quarter. Boston Partners now owns 124,321 shares of the financial services provider’s stock valued at $3,802,000 after purchasing an additional 53,063 shares during the last quarter. Trust Co. of Vermont raised its stake in Bar Harbor Bankshares by 561.1% during the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock valued at $1,206,000 after acquiring an additional 33,478 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Bar Harbor Bankshares by 59.1% during the 4th quarter. JPMorgan Chase & Co. now owns 81,000 shares of the financial services provider’s stock worth $2,477,000 after acquiring an additional 30,084 shares during the period. State Street Corp grew its stake 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 during the last quarter. Finally, Barclays PLC raised its stake in shares of Bar Harbor Bankshares by 50.0% during the third quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after purchasing an additional 16,579 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN:BHB opened at $27.70 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47. The firm’s fifty day simple moving average is $30.65 and its 200-day simple moving average is $31.39. The stock has a market cap of $422.98 million, a PE ratio of 9.72 and a beta of 0.72.

Bar Harbor Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.33%. Bar Harbor Bankshares’s payout ratio is 42.11%.

Analysts Set New Price Targets

A number of equities analysts have commented on BHB shares. StockNews.com began coverage on shares of Bar Harbor Bankshares in a research report on Sunday. They set a “hold” rating for the company. Keefe, Bruyette & Woods boosted their target price on 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.

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.