Wells Fargo & Company MN Has $892,000 Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Wells Fargo & Company MN boosted its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 71.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,177 shares of the financial services provider's stock after buying an additional 12,166 shares during the quarter. Wells Fargo & Company MN owned approximately 0.19% of Bar Harbor Bankshares worth $892,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its position in Bar Harbor Bankshares by 25.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock worth $87,000 after buying an additional 576 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Bar Harbor Bankshares during the 4th quarter worth about $107,000. Hager Investment Management Services LLC acquired a new stake in shares of Bar Harbor Bankshares in the fourth quarter worth approximately $151,000. New York State Common Retirement Fund grew its holdings in Bar Harbor Bankshares by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 1,500 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Bar Harbor Bankshares during the fourth quarter worth approximately $212,000. Institutional investors and hedge funds own 54.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BHB shares. Keefe, Bruyette & Woods dropped their price objective on Bar Harbor Bankshares from $35.00 to $33.00 and set a "market perform" rating for the company in a report on Monday, April 21st. StockNews.com initiated coverage on Bar Harbor Bankshares in a report on Saturday, April 26th. They issued a "hold" rating on the stock.

Bar Harbor Bankshares Stock Up 3.3 %

Shares of NYSEAMERICAN:BHB traded up $0.96 during midday trading on Friday, hitting $30.26. 26,140 shares of the company's stock traded hands, compared to its average volume of 41,488. The company has a market cap of $462.07 million, a PE ratio of 10.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. Bar Harbor Bankshares has a twelve month low of $24.48 and a twelve month high of $38.47. The firm's fifty day moving average price is $29.77 and its two-hundred day moving average price is $31.31.

Bar Harbor Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Bar Harbor Bankshares's previous quarterly dividend of $0.30. Bar Harbor Bankshares's dividend payout ratio (DPR) is 42.11%.

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.