Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 50.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 49,714 shares of the financial services provider’s stock after purchasing an additional 16,579 shares during the period. Barclays PLC’s holdings in Bar Harbor Bankshares were worth $1,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BHB. Janus Henderson Group PLC purchased a new position in shares of Bar Harbor Bankshares in the third quarter valued at approximately $203,000. Camden National Bank acquired a new stake in Bar Harbor Bankshares during the 3rd quarter worth approximately $214,000. Moors & Cabot Inc. acquired a new stake in Bar Harbor Bankshares during the 3rd quarter worth approximately $214,000. Sky Investment Group LLC purchased a new position in Bar Harbor Bankshares in the 3rd quarter valued at approximately $216,000. Finally, First Bancorp Inc ME acquired a new position in shares of Bar Harbor Bankshares in the third quarter worth $220,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Price Performance

Shares of NYSEAMERICAN BHB opened at $30.25 on Friday. The stock has a market capitalization of $461.92 million, a P/E ratio of 10.88 and a beta of 0.69. The company has a quick ratio of 0.96, a current 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.

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

Bar Harbor Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.97%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th. Keefe, Bruyette & Woods increased 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, December 4th.

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.