Jane Street Group LLC Sells 3,683 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Jane Street Group LLC lessened its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 23.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,861 shares of the financial services provider’s stock after selling 3,683 shares during the period. Jane Street Group LLC’s holdings in Bar Harbor Bankshares were worth $366,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Bar Harbor Bankshares by 5.6% in the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after buying an additional 19,118 shares during the period. Thrivent Financial for Lutherans increased its stake in Bar Harbor Bankshares by 196.1% in 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 during the period. Bank of New York Mellon Corp increased its stake in Bar Harbor Bankshares by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,240 shares of the financial services provider’s stock worth $2,533,000 after buying an additional 3,202 shares during the period. Means Investment CO. Inc. increased its stake in Bar Harbor Bankshares by 14.0% in the 3rd quarter. Means Investment CO. Inc. now owns 30,072 shares of the financial services provider’s stock worth $927,000 after buying an additional 3,685 shares during the period. Finally, Algert Global LLC increased its stake in Bar Harbor Bankshares by 19.7% in the 2nd quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock worth $250,000 after buying an additional 1,530 shares during the period. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Down 0.3 %

Shares of Bar Harbor Bankshares stock opened at $30.00 on Thursday. 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 has a 52-week low of $23.26 and a 52-week high of $38.47. The company has a market capitalization of $458.10 million, a PE ratio of 10.79 and a beta of 0.69.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The company had revenue of $58.23 million during the quarter, compared to analysts’ expectations of $37.30 million. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. On average, equities research analysts forecast that Bar Harbor Bankshares will post 2.82 EPS for the current fiscal year.

Bar Harbor Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is 43.17%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on shares of Bar Harbor Bankshares from $30.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.