Westhampton Capital LLC Acquires New Holdings in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)

Westhampton Capital LLC acquired a new stake in shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,775 shares of the financial services provider's stock, valued at approximately $318,000. Westhampton Capital LLC owned 0.07% of Bar Harbor Bankshares at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BHB. New York State Common Retirement Fund lifted its holdings in Bar Harbor Bankshares by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 1,500 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake 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 purchasing an additional 576 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bar Harbor Bankshares by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,132 shares of the financial services provider's stock worth $1,288,000 after purchasing an additional 943 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Bar Harbor Bankshares by 104.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,219 shares of the financial services provider's stock valued at $710,000 after purchasing an additional 11,868 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Bar Harbor Bankshares by 5.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 24,388 shares of the financial services provider's stock worth $746,000 after buying an additional 1,369 shares during the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Bar Harbor Bankshares Stock Performance

BHB stock traded down $0.17 during trading hours on Wednesday, reaching $29.38. The stock had a trading volume of 28,486 shares, compared to its average volume of 41,361. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50-day simple moving average of $29.46 and a 200 day simple moving average of $31.10. The stock has a market capitalization of $450.10 million, a PE ratio of 10.31 and a beta of 0.65. Bar Harbor Bankshares, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $38.47.

Bar Harbor Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.36%. 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 44.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BHB. Wall Street Zen initiated coverage on Bar Harbor Bankshares in a research report on Saturday, April 26th. They set a "hold" rating on the stock. 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 for the company in a research note on Monday, April 21st.

About Bar Harbor Bankshares

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.