Bar Harbor Bankshares (NYSE:BHB - Get Free Report)'s share price rose 0.6% on Wednesday . The stock traded as high as $32.14 and last traded at $32.06. Approximately 26,320 shares traded hands during trading, a decline of 39% from the average daily volume of 43,019 shares. The stock had previously closed at $31.88.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on Bar Harbor Bankshares in a research report on Friday, May 16th. They set a "hold" rating on the stock.
Read Our Latest Stock Analysis on BHB
Bar Harbor Bankshares Stock Up 0.1%
The company has a 50-day moving average of $29.86. The company has a market capitalization of $491.68 million, a PE ratio of 11.26 and a beta of 0.65.
Bar Harbor Bankshares Announces Dividend
The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 4.15%. Bar Harbor Bankshares's dividend payout ratio is currently 44.91%.
Institutional Trading of Bar Harbor Bankshares
A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bar Harbor Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,945 shares of the company's stock valued at $264,000 after acquiring an additional 390 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Bar Harbor Bankshares by 33.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the company's stock valued at $51,000 after buying an additional 430 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Bar Harbor Bankshares during the 1st quarter valued at $73,000. AQR Capital Management LLC increased its stake in shares of Bar Harbor Bankshares by 36.6% in the 1st quarter. AQR Capital Management LLC now owns 10,964 shares of the company's stock worth $323,000 after purchasing an additional 2,939 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Bar Harbor Bankshares by 13.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,291 shares of the company's stock worth $776,000 after purchasing an additional 3,072 shares in the last quarter. 54.49% of the stock is owned by institutional investors.
Bar Harbor Bankshares Company Profile
(
Get Free Report)
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. 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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