Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) Short Interest Up 35.9% in August

Key Points

• Bar Harbor Bankshares saw a significant increase in short interest in August, rising 35.9% to a total of 80,600 shares as of August 15th.
• The company recently announced a quarterly dividend of $0.32 per share, representing an annualized yield of 4.0%.
• Institutional investors own 54.49% of Bar Harbor Bankshares, with several firms increasing their holdings significantly during recent quarters.

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - ) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 80,600 shares, agrowthof35.9% from the July 31st total of 59,300 shares. Based on an average trading volume of 46,000 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 46,000 shares, the short-interest ratio is currently 1.8 days.

Bar Harbor Bankshares Trading Up 0.1%

NYSEAMERICAN BHB traded up $0.04 on Monday, reaching $32.12. 25,296 shares of the company were exchanged, compared to its average volume of 47,095. The business's fifty day moving average price is $31.20 and its 200 day moving average price is $30.34. The stock has a market capitalization of $535.76 million, a P/E ratio of 12.45 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. Bar Harbor Bankshares has a fifty-two week low of $26.43 and a fifty-two week high of $38.47.

Bar Harbor Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Thursday, August 14th will be given a $0.32 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Bar Harbor Bankshares's payout ratio is currently 44.91%.

Institutional Investors Weigh In On Bar Harbor Bankshares

Several institutional investors and hedge funds have recently modified their holdings of BHB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bar Harbor Bankshares by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider's stock worth $262,000 after purchasing an additional 380 shares during the period. First Bancorp Inc ME increased its holdings in Bar Harbor Bankshares by 8.9% during the 1st quarter. First Bancorp Inc ME now owns 7,347 shares of the financial services provider's stock worth $217,000 after purchasing an additional 603 shares during the period. Two Sigma Advisers LP increased its holdings in Bar Harbor Bankshares by 5.5% during the 4th quarter. Two Sigma Advisers LP now owns 22,900 shares of the financial services provider's stock worth $700,000 after purchasing an additional 1,200 shares during the period. Algert Global LLC increased its holdings in Bar Harbor Bankshares by 14.9% during the 4th quarter. Algert Global LLC now owns 10,685 shares of the financial services provider's stock worth $327,000 after purchasing an additional 1,383 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Bar Harbor Bankshares by 7.4% during the 4th quarter. Two Sigma Investments LP now owns 32,349 shares of the financial services provider's stock worth $989,000 after purchasing an additional 2,233 shares during the period. Hedge funds and other institutional investors own 54.49% of the company's stock.

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.

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