Bar Harbor Wealth Management Sells 2,372 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Bar Harbor Wealth Management decreased its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 417,640 shares of the financial services provider’s stock after selling 2,372 shares during the period. Bar Harbor Wealth Management owned about 2.74% of Bar Harbor Bankshares worth $12,880,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Bar Harbor Bankshares by 23.7% during the second quarter. American Century Companies Inc. now owns 213,136 shares of the financial services provider’s stock worth $5,729,000 after acquiring an additional 40,891 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bar Harbor Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock valued at $23,264,000 after purchasing an additional 24,718 shares during the period. Black Maple Capital Management LP acquired a new stake in Bar Harbor Bankshares in the 1st quarter valued at about $402,000. Creative Planning bought a new position in Bar Harbor Bankshares during the third quarter worth about $394,000. Finally, Vanguard Group Inc. increased its position in Bar Harbor Bankshares by 1.5% during the first quarter. Vanguard Group Inc. now owns 769,738 shares of the financial services provider’s stock worth $20,383,000 after buying an additional 11,091 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Stock Up 1.7 %

Shares of NYSEAMERICAN BHB opened at $31.78 on Friday. The firm has a market capitalization of $485.28 million, a price-to-earnings ratio of 11.73 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.89. Bar Harbor Bankshares has a fifty-two week low of $23.18 and a fifty-two week high of $33.31.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $37.39 million for the quarter, compared to the consensus estimate of $36.80 million. Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%. As a group, equities analysts anticipate that Bar Harbor Bankshares will post 2.68 EPS for the current fiscal year.

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.