Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bar Harbor Bankshares (NYSEAMERICAN:BHB) shares fell below their 200-day moving average, with a recent trading low of $29.76.
• The company declared a quarterly dividend of $0.32, reflecting an annual yield of 4.2% and a dividend payout ratio of 44.91%.
• Institutional investors own 54.49% of Bar Harbor Bankshares, with significant recent increases in holdings from several hedge funds.

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - ) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.26 and traded as low as $29.76. Bar Harbor Bankshares shares last traded at $30.12, with a volume of 41,278 shares.

Bar Harbor Bankshares Trading Down 1.2%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $502.40 million, a price-to-earnings ratio of 11.67 and a beta of 0.71. The company has a 50 day moving average of $31.18 and a 200-day moving average of $30.26.

Bar Harbor Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Thursday, August 14th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. Bar Harbor Bankshares's dividend payout ratio (DPR) is currently 44.91%.

Institutional Investors Weigh In On Bar Harbor Bankshares

A number of hedge funds have recently bought and sold shares of BHB. GAMMA Investing LLC raised its position in Bar Harbor Bankshares by 4,202.1% in the 1st quarter. GAMMA Investing LLC now owns 4,130 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 4,034 shares in the last quarter. First Bancorp Inc ME increased its holdings in shares of Bar Harbor Bankshares by 8.9% in the 1st quarter. First Bancorp Inc ME now owns 7,347 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 603 shares during the last quarter. Westhampton Capital LLC purchased a new position in shares of Bar Harbor Bankshares in the 1st quarter valued at about $318,000. SG Americas Securities LLC increased its holdings in shares of Bar Harbor Bankshares by 183.5% in the 1st quarter. SG Americas Securities LLC now owns 32,007 shares of the financial services provider's stock valued at $944,000 after acquiring an additional 20,717 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Bar Harbor Bankshares by 7.4% in the 4th quarter. Two Sigma Investments LP now owns 32,349 shares of the financial services provider's stock valued at $989,000 after acquiring an additional 2,233 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company's stock.

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.

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