Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners decreased its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 7.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,422 shares of the financial services provider’s stock after selling 3,580 shares during the period. Coston McIsaac & Partners’ holdings in Bar Harbor Bankshares were worth $1,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Bar Harbor Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock worth $23,264,000 after buying an additional 24,718 shares during the period. Bar Harbor Wealth Management increased its stake in Bar Harbor Bankshares by 2.6% during the fourth quarter. Bar Harbor Wealth Management now owns 428,401 shares of the financial services provider’s stock worth $13,101,000 after acquiring an additional 10,761 shares during the last quarter. State Street Corp increased its stake in Bar Harbor Bankshares by 5.6% during the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after acquiring an additional 19,118 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Bar Harbor Bankshares by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider’s stock valued at $10,348,000 after purchasing an additional 3,602 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Bar Harbor Bankshares by 0.9% during the 3rd quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider’s stock worth $2,912,000 after purchasing an additional 870 shares during the period. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Up 0.7 %

Shares of NYSEAMERICAN BHB opened at $31.97 on Thursday. 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 1-year low of $23.26 and a 1-year high of $38.47. The stock has a market capitalization of $488.18 million, a PE ratio of 10.91 and a beta of 0.73.

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 dividend of $0.30 per share. 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 3.75%. Bar Harbor Bankshares’s dividend payout ratio is currently 43.17%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $35.00 price target (up previously from $34.00) on shares of Bar Harbor Bankshares in a report on Monday.

About Bar Harbor Bankshares

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.