Steward Partners Investment Advisory LLC Increases Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Steward Partners Investment Advisory LLC increased its stake in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 25.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,855 shares of the financial services provider’s stock after acquiring an additional 576 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Bar Harbor Bankshares were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC purchased a new stake in Bar Harbor Bankshares in the fourth quarter valued at $151,000. New York State Common Retirement Fund raised its position in Bar Harbor Bankshares by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,500 shares during the period. Janus Henderson Group PLC purchased a new stake in Bar Harbor Bankshares in the third quarter valued at $203,000. Camden National Bank purchased a new stake in Bar Harbor Bankshares in the third quarter valued at $214,000. Finally, Moors & Cabot Inc. purchased a new stake in Bar Harbor Bankshares in the third quarter valued at $214,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on Bar Harbor Bankshares from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday.

Bar Harbor Bankshares Trading Up 0.8 %

Shares of NYSEAMERICAN BHB opened at $30.57 on Tuesday. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month 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. The company has a fifty day moving average price of $31.17. The firm has a market capitalization of $466.80 million, a PE ratio of 10.73 and a beta of 0.72.

Bar Harbor Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.93%. Bar Harbor Bankshares’s payout ratio is presently 42.11%.

Bar Harbor Bankshares 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.