The Manufacturers Life Insurance Company boosted its stake in Bar Harbor Bankshares (NYSE:BHB) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,886 shares of the financial services provider’s stock after buying an additional 47,441 shares during the period. The Manufacturers Life Insurance Company owned 3.16% of Bar Harbor Bankshares worth $15,006,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BHB. Menta Capital LLC bought a new position in Bar Harbor Bankshares during the second quarter valued at about $518,000. Swiss National Bank bought a new position in Bar Harbor Bankshares during the second quarter valued at about $789,000. Bank of New York Mellon Corp boosted its stake in Bar Harbor Bankshares by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock valued at $2,771,000 after buying an additional 13,840 shares in the last quarter. Rhumbline Advisers boosted its stake in Bar Harbor Bankshares by 52.5% during the second quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock valued at $507,000 after buying an additional 5,667 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Bar Harbor Bankshares by 7.5% during the second quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock valued at $359,000 after buying an additional 808 shares in the last quarter.
Separately, TheStreet raised Bar Harbor Bankshares from a “c+” rating to a “b” rating in a research note on Monday, October 16th.
Shares of Bar Harbor Bankshares (NYSE:BHB) traded up 1.01% on Friday, reaching $31.85. The company had a trading volume of 19,110 shares. The firm has a market cap of $491.13 million and a P/E ratio of 22.67. The company has a 50-day moving average price of $29.97 and a 200-day moving average price of $29.29. Bar Harbor Bankshares has a one year low of $25.09 and a one year high of $49.87.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.1867 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.34%.
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In other Bar Harbor Bankshares news, Director Stephen R. Theroux bought 2,410 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average price of $27.23 per share, for a total transaction of $65,624.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen R. Theroux bought 2,545 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of $25.73 per share, for a total transaction of $65,482.85. The disclosure for this purchase can be found here. Insiders bought a total of 5,985 shares of company stock worth $158,158 in the last 90 days.
Bar Harbor Bankshares Company Profile
Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.
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