Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by First Bancorp Inc ME

First Bancorp Inc ME cut its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 6,744 shares of the financial services provider’s stock after selling 382 shares during the period. First Bancorp Inc ME’s holdings in Bar Harbor Bankshares were worth $206,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Bar Harbor Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock worth $23,264,000 after purchasing an additional 24,718 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Bar Harbor Bankshares by 10.3% during the second quarter. Renaissance Technologies LLC now owns 101,330 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 9,500 shares during the period. Algert Global LLC raised its holdings in shares of Bar Harbor Bankshares by 19.7% during the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 1,530 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bar Harbor Bankshares during the third quarter worth $293,000. Finally, Creative Planning acquired a new stake in shares of Bar Harbor Bankshares during the third quarter worth $394,000. 54.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of 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 Stock Performance

Bar Harbor Bankshares stock opened at $31.10 on Friday. The stock has a market cap of $474.90 million, a PE ratio of 11.19 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. 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 released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.68 by $0.12. The business had revenue of $58.23 million during the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. On average, research analysts predict that Bar Harbor Bankshares will post 2.82 earnings per share for the current fiscal year.

Bar Harbor Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.86%. Bar Harbor Bankshares’s dividend payout ratio is presently 43.17%.

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.