SG Americas Securities LLC Has $944,000 Holdings in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)

SG Americas Securities LLC boosted its holdings in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Free Report) by 183.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,007 shares of the financial services provider's stock after acquiring an additional 20,717 shares during the quarter. SG Americas Securities LLC owned about 0.21% of Bar Harbor Bankshares worth $944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bar Harbor Bankshares by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider's stock worth $262,000 after buying an additional 380 shares during the period. LPL Financial LLC raised 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 buying an additional 509 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Bar Harbor Bankshares by 25.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock worth $87,000 after buying an additional 576 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Bar Harbor Bankshares by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,132 shares of the financial services provider's stock worth $1,288,000 after buying an additional 943 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Bar Harbor Bankshares by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 84,684 shares of the financial services provider's stock worth $2,590,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 54.49% of the company's stock.

Analyst Upgrades and Downgrades

BHB has been the topic of a number of research reports. Wall Street Zen initiated coverage on Bar Harbor Bankshares in a report on Saturday, April 26th. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods dropped their target price on Bar Harbor Bankshares from $35.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

Bar Harbor Bankshares Stock Down 0.7%

Shares of BHB traded down $0.19 during trading hours on Friday, reaching $28.49. The company's stock had a trading volume of 97,161 shares, compared to its average volume of 41,895. The firm has a market cap of $436.47 million, a price-to-earnings ratio of 10.03 and a beta of 0.65. Bar Harbor Bankshares, Inc. has a 1-year low of $24.48 and a 1-year high of $38.47. 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 company has a 50 day moving average of $29.37 and a two-hundred day moving average of $31.11.

Bar Harbor Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were issued a $0.32 dividend. This is an increase from Bar Harbor Bankshares's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.49%. Bar Harbor Bankshares's dividend payout ratio is currently 44.91%.

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.