Wells Fargo & Company MN Purchases 12,166 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Wells Fargo & Company MN raised its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,177 shares of the financial services provider's stock after buying an additional 12,166 shares during the period. Wells Fargo & Company MN owned about 0.19% of Bar Harbor Bankshares worth $892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BHB. Bar Harbor Wealth Management raised its stake in shares of Bar Harbor Bankshares by 2.6% during the fourth quarter. Bar Harbor Wealth Management now owns 428,401 shares of the financial services provider's stock valued at $13,101,000 after acquiring an additional 10,761 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bar Harbor Bankshares by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider's stock worth $10,348,000 after buying an additional 3,602 shares during the period. American Century Companies Inc. increased its stake in shares of Bar Harbor Bankshares by 1.9% during the fourth quarter. American Century Companies Inc. now owns 259,299 shares of the financial services provider's stock valued at $7,929,000 after buying an additional 4,713 shares during the period. Boston Partners lifted its stake in Bar Harbor Bankshares by 74.5% in the fourth quarter. Boston Partners now owns 124,321 shares of the financial services provider's stock worth $3,802,000 after acquiring an additional 53,063 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Bar Harbor Bankshares by 59.1% in the fourth quarter. JPMorgan Chase & Co. now owns 81,000 shares of the financial services provider's stock valued at $2,477,000 after acquiring an additional 30,084 shares in the last quarter. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Stock Down 0.4 %

Shares of Bar Harbor Bankshares stock traded down $0.12 during midday trading on Tuesday, hitting $29.63. The company had a trading volume of 28,766 shares, compared to its average volume of 41,466. Bar Harbor Bankshares has a 52-week low of $24.48 and a 52-week high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $452.45 million, a P/E ratio of 10.40 and a beta of 0.72. The company has a 50 day moving average of $29.65 and a 200 day moving average of $31.29.

Bar Harbor Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a $0.32 dividend. This is a boost from Bar Harbor Bankshares's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Bar Harbor Bankshares's payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

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

Bar Harbor Bankshares 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.