Bar Harbor Bankshares (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 355 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $28.94, for a total value of $10,273.70. Following the completion of the sale, the director now owns 34,868 shares of the company’s stock, valued at $1,009,079.92. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) opened at $28.25 on Friday. The firm has a market capitalization of $424.84, a P/E ratio of 18.23 and a beta of 0.80. Bar Harbor Bankshares has a twelve month low of $25.09 and a twelve month high of $33.41.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.1867 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.64%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 48.39%.
Separately, TheStreet upgraded Bar Harbor Bankshares from a “c+” rating to a “b” rating in a research note on Monday, October 16th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BHB. Janney Montgomery Scott LLC raised its holdings in shares of 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 during the last quarter. Rhumbline Advisers raised its holdings in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 during the last quarter. Swiss National Bank bought a new stake in shares of Bar Harbor Bankshares during the second quarter valued at approximately $789,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Bar Harbor Bankshares by 10.6% during the second quarter. Wells Fargo & Company MN now owns 20,693 shares of the financial services provider’s stock valued at $638,000 after buying an additional 1,991 shares during the last quarter.
WARNING: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/12/bar-harbor-bankshares-bhb-director-stephen-r-theroux-sells-355-shares.html.
About Bar Harbor Bankshares
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.
Receive News & Ratings for Bar Harbor Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bar Harbor Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.