Bar Harbor Bankshares (NYSEAMERICAN:BHB) Reaches New 12-Month High at $32.95

Bar Harbor Bankshares (NYSEAMERICAN:BHB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.95 and last traded at $32.86, with a volume of 21713 shares trading hands. The stock had previously closed at $31.93.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $28.00 price objective (down previously from $29.00) on shares of Bar Harbor Bankshares in a research note on Monday, April 22nd.

Bar Harbor Bankshares Trading Up 3.1 %

The firm has a market cap of $499.09 million, a P/E ratio of 11.92 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.76.

Bar Harbor Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, August 15th. Bar Harbor Bankshares’s dividend payout ratio (DPR) is 43.64%.

Insider Buying and Selling

In other Bar Harbor Bankshares news, Director Scott G. Toothaker acquired 4,476 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $25.82 per share, with a total value of $115,570.32. Following the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $1,161,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 5,466 shares of company stock valued at $140,534 in the last three months. 2.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Bar Harbor Bankshares by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,635 shares of the financial services provider’s stock valued at $23,713,000 after purchasing an additional 21,856 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bar Harbor Bankshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 769,738 shares of the financial services provider’s stock valued at $20,383,000 after acquiring an additional 11,091 shares during the last quarter. Naples Global Advisors LLC lifted its position in shares of Bar Harbor Bankshares by 2.1% during the 2nd quarter. Naples Global Advisors LLC now owns 40,706 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 820 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Bar Harbor Bankshares by 7.8% during the 1st quarter. Empowered Funds LLC now owns 38,609 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA acquired a new stake in shares of Bar Harbor Bankshares during the 4th quarter valued at $668,000. 54.49% of the stock is owned by institutional investors.

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.