SG Americas Securities LLC Buys 20,717 Shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)

SG Americas Securities LLC lifted its position in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Free Report) by 183.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,007 shares of the financial services provider's stock after purchasing an additional 20,717 shares during the quarter. SG Americas Securities LLC owned about 0.21% of Bar Harbor Bankshares worth $944,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Bar Harbor Bankshares by 4,202.1% during the first 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 during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Bar Harbor Bankshares by 5.5% in the 4th quarter. Two Sigma Advisers LP now owns 22,900 shares of the financial services provider's stock valued at $700,000 after acquiring an additional 1,200 shares during the last quarter. Two Sigma Investments LP lifted 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. Millennium Management LLC grew its position in Bar Harbor Bankshares by 390.3% in the fourth quarter. Millennium Management LLC now owns 36,146 shares of the financial services provider's stock worth $1,105,000 after acquiring an additional 28,774 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bar Harbor Bankshares by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider's stock worth $262,000 after acquiring an additional 380 shares in the last quarter. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

Bar Harbor Bankshares Trading Down 0.7%

BHB traded down $0.19 during trading hours on Friday, reaching $28.49. 97,161 shares of the company's stock traded hands, compared to its average volume of 41,429. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $29.38 and a 200 day moving average price of $31.12. Bar Harbor Bankshares, Inc. has a 52-week low of $24.48 and a 52-week high of $38.47. The firm has a market capitalization of $436.47 million, a PE ratio of 10.00 and a beta of 0.65.

Bar Harbor Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.49%. This is a boost from Bar Harbor Bankshares's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, May 15th. Bar Harbor Bankshares's payout ratio is 44.91%.

Wall Street Analyst Weigh In

BHB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Bar Harbor Bankshares from $35.00 to $33.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen 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.