Northern Trust Corp boosted its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,134 shares of the financial services provider's stock after purchasing an additional 9,635 shares during the quarter. Northern Trust Corp owned about 0.95% of Bar Harbor Bankshares worth $4,438,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC grew its holdings in Bar Harbor Bankshares by 6.7% during the 4th quarter. LPL Financial LLC now owns 8,162 shares of the financial services provider's stock worth $250,000 after acquiring an additional 509 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Bar Harbor Bankshares by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider's stock valued at $772,000 after buying an additional 536 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Bar Harbor Bankshares by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock valued at $87,000 after buying an additional 576 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bar Harbor Bankshares by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,132 shares of the financial services provider's stock valued at $1,288,000 after buying an additional 943 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Bar Harbor Bankshares by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 84,684 shares of the financial services provider's stock valued at $2,590,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company's stock.
Bar Harbor Bankshares Stock Up 2.0%
Shares of BHB traded up $0.58 during mid-day trading on Tuesday, hitting $29.68. 36,709 shares of the company's stock were exchanged, compared to its average volume of 40,863. The company has a market cap of $453.21 million, a price-to-earnings ratio of 10.41 and a beta of 0.72. Bar Harbor Bankshares has a fifty-two week low of $24.48 and a fifty-two 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's 50-day moving average is $29.43 and its 200-day moving average is $31.22.
Bar Harbor Bankshares Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.31%. This is a boost from Bar Harbor Bankshares's previous quarterly dividend of $0.30. Bar Harbor Bankshares's dividend payout ratio (DPR) is presently 42.11%.
Wall Street Analyst Weigh In
BHB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target 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. Wall Street Zen started coverage on shares of Bar Harbor Bankshares in a research note on Saturday, April 26th. They issued a "hold" rating on the stock.
Read Our Latest Stock Analysis on BHB
Bar Harbor Bankshares Company Profile
(
Free Report)
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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