Brant Point Investment Management LLC bought a new position in Bar Harbor Bankshares (NYSE:BHB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,757 shares of the company's stock, valued at approximately $583,000. Brant Point Investment Management LLC owned about 0.13% of Bar Harbor Bankshares as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Bar Harbor Bankshares by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 807,331 shares of the company's stock valued at $23,816,000 after purchasing an additional 13,243 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Bar Harbor Bankshares in the 1st quarter valued at about $2,260,000. Nuveen LLC bought a new position in Bar Harbor Bankshares during the first quarter worth $1,464,000. Moors & Cabot Inc. boosted its position in Bar Harbor Bankshares by 321.8% during the first quarter. Moors & Cabot Inc. now owns 29,315 shares of the company's stock worth $865,000 after purchasing an additional 22,365 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Bar Harbor Bankshares by 13.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,291 shares of the company's stock valued at $776,000 after acquiring an additional 3,072 shares during the period. Institutional investors and hedge funds own 54.49% of the company's stock.
Bar Harbor Bankshares Trading Up 0.3%
BHB stock traded up $0.11 during midday trading on Friday, hitting $32.27. The company had a trading volume of 68,133 shares, compared to its average volume of 44,372. The company has a market capitalization of $538.36 million, a PE ratio of 12.51 and a beta of 0.69. The firm has a 50 day moving average price of $30.90. Bar Harbor Bankshares has a 52 week low of $26.43 and a 52 week high of $38.47.
Bar Harbor Bankshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Thursday, August 14th will be issued 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 dividend payout ratio is 49.61%.
Analyst Upgrades and Downgrades
BHB has been the subject of a number of research reports. Piper Sandler raised shares of Bar Harbor Bankshares from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $34.00 to $35.00 in a report on Tuesday, August 5th. Wall Street Zen started coverage on shares of Bar Harbor Bankshares in a research report on Friday, May 16th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bar Harbor Bankshares presently has a consensus rating of "Buy" and an average price target of $35.00.
Read Our Latest Research Report on Bar Harbor Bankshares
About Bar Harbor Bankshares
(
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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