Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 98,700 shares, an increase of 22.5% from the August 15th total of 80,600 shares. Based on an average daily volume of 46,700 shares, the short-interest ratio is currently 2.1 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 46,700 shares, the short-interest ratio is currently 2.1 days.
Institutional Investors Weigh In On Bar Harbor Bankshares
A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bar Harbor Bankshares by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider's stock valued at $262,000 after buying an additional 380 shares during the last quarter. First Bancorp Inc ME raised its position in shares of Bar Harbor Bankshares by 8.9% during the first quarter. First Bancorp Inc ME now owns 7,347 shares of the financial services provider's stock worth $217,000 after acquiring an additional 603 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Bar Harbor Bankshares by 5.5% in the fourth quarter. Two Sigma Advisers LP now owns 22,900 shares of the financial services provider's stock worth $700,000 after acquiring an additional 1,200 shares during the period. Two Sigma Investments LP boosted its holdings in Bar Harbor Bankshares by 7.4% in the fourth 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. Finally, Deutsche Bank AG increased its holdings in Bar Harbor Bankshares by 56.1% in the fourth quarter. Deutsche Bank AG now owns 9,759 shares of the financial services provider's stock worth $298,000 after purchasing an additional 3,507 shares in the last quarter. Institutional investors own 54.49% of the company's stock.
Bar Harbor Bankshares Stock Performance
BHB traded up $0.39 on Monday, reaching $31.53. The company had a trading volume of 79,887 shares, compared to its average volume of 51,717. The stock has a market cap of $525.92 million, a P/E ratio of 12.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 0.98. Bar Harbor Bankshares has a fifty-two week low of $26.43 and a fifty-two week high of $38.47. The company's fifty day moving average is $31.23 and its 200 day moving average is $30.25.
Bar Harbor Bankshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Thursday, August 14th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.28 annualized dividend and a yield of 4.1%. Bar Harbor Bankshares's dividend payout ratio (DPR) is presently 44.91%.
Bar Harbor Bankshares Company Profile
(
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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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