Westhampton Capital LLC Takes $318,000 Position in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)

Westhampton Capital LLC purchased a new stake in shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,775 shares of the financial services provider's stock, valued at approximately $318,000. Westhampton Capital LLC owned about 0.07% of Bar Harbor Bankshares as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in Bar Harbor Bankshares by 25.3% during the fourth 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 last quarter. KLP Kapitalforvaltning AS bought a new position in Bar Harbor Bankshares during the fourth quarter worth $107,000. GAMMA Investing LLC raised its stake 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 worth $122,000 after buying an additional 4,034 shares during the last quarter. New York State Common Retirement Fund raised its stake in Bar Harbor Bankshares by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider's stock worth $159,000 after buying an additional 1,500 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Bar Harbor Bankshares during the fourth quarter worth $212,000. Institutional investors own 54.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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 report on Monday, April 21st. Wall Street Zen assumed coverage on shares of Bar Harbor Bankshares in a report on Saturday, April 26th. They issued a "hold" rating for the company.

Bar Harbor Bankshares Trading Down 0.7%

NYSEAMERICAN:BHB opened at $28.49 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $436.47 million, a price-to-earnings ratio of 10.00 and a beta of 0.65. The firm has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $31.12. Bar Harbor Bankshares, Inc. has a 12 month low of $24.48 and a 12 month high of $38.47.

Bar Harbor Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 44.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.