Fmr LLC Buys 3,116 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Fmr LLC boosted its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,372,512 shares of the financial services provider’s stock after buying an additional 3,116 shares during the period. Fmr LLC owned 0.09% of Bar Harbor Bankshares worth $42,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BHB. Camden National Bank bought a new stake in Bar Harbor Bankshares during the 3rd quarter worth about $214,000. Foundry Partners LLC grew its stake in shares of Bar Harbor Bankshares by 0.9% during the third quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider’s stock valued at $2,912,000 after purchasing an additional 870 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Bar Harbor Bankshares during the third quarter valued at approximately $214,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bar Harbor Bankshares in the third quarter valued at approximately $350,000. Finally, Thrivent Financial for Lutherans lifted its holdings in Bar Harbor Bankshares by 196.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider’s stock worth $710,000 after buying an additional 15,245 shares in the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on Bar Harbor Bankshares from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday. Piper Sandler restated a “neutral” rating and set a $33.00 target price on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Trading Down 0.7 %

BHB opened at $35.45 on Friday. The firm has a market capitalization of $541.32 million, a price-to-earnings ratio of 12.75 and a beta of 0.69. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12. The firm had revenue of $58.23 million during the quarter, compared to analysts’ expectations of $37.30 million. Bar Harbor Bankshares had a return on equity of 9.66% and a net margin of 18.99%. As a group, equities analysts expect that Bar Harbor Bankshares will post 2.82 earnings per share for the current year.

Bar Harbor Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is currently 43.17%.

Bar Harbor Bankshares Company Profile

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.