Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 21,028 shares of the financial services provider’s stock after selling 1,488 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bar Harbor Bankshares were worth $649,000 as of its most recent SEC filing.

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

Bar Harbor Bankshares Stock Up 0.5 %

Bar Harbor Bankshares stock opened at $31.69 on Friday. 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 has a 12 month low of $23.26 and a 12 month high of $38.47. The firm has a market capitalization of $483.91 million, a price-to-earnings ratio of 11.40 and a beta of 0.69.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share 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 business had revenue of $58.23 million during the quarter, compared to the consensus estimate of $37.30 million. As a group, sell-side analysts expect that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.79%. Bar Harbor Bankshares’s dividend payout ratio is currently 43.17%.

Analyst Ratings Changes

Several analysts recently issued reports on BHB shares. Keefe, Bruyette & Woods upped their price target on shares of Bar Harbor Bankshares from $30.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler restated a “neutral” rating and issued a $33.00 target price on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

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.