Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Holdings Lowered by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 21.9% in the third quarter, Holdings Channel.com reports. The fund owned 10,131 shares of the financial services provider’s stock after selling 2,836 shares during the quarter. D.A. Davidson & CO.’s holdings in Bar Harbor Bankshares were worth $312,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Camden National Bank acquired a new stake in shares of Bar Harbor Bankshares during the third quarter valued at approximately $214,000. Moors & Cabot Inc. purchased a new position in Bar Harbor Bankshares during the 3rd quarter worth approximately $214,000. Sky Investment Group LLC acquired a new stake in Bar Harbor Bankshares during the 3rd quarter valued at $216,000. First Bancorp Inc ME purchased a new stake in shares of Bar Harbor Bankshares in the third quarter valued at $220,000. Finally, SlateStone Wealth LLC acquired a new stake in shares of Bar Harbor Bankshares in the second quarter worth $201,000. 54.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on BHB shares. Keefe, Bruyette & Woods upped their price target on Bar Harbor Bankshares from $30.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday. Piper Sandler reissued a “neutral” rating and issued a $33.00 price target on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Stock Up 1.4 %

BHB stock opened at $35.96 on Thursday. The firm has a market capitalization of $549.11 million, a P/E ratio of 12.80 and a beta of 0.69. Bar Harbor Bankshares has a 1 year low of $23.26 and a 1 year high of $38.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share 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 return on equity of 9.66% and a net margin of 18.99%. As a group, sell-side analysts forecast that Bar Harbor Bankshares will post 2.82 earnings per share for the current fiscal year.

Bar Harbor Bankshares Announces Dividend

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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.34%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 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.