Bar Harbor Bankshares (NYSEAMERICAN:BHB) Holdings Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,720 shares of the financial services provider’s stock after selling 1,350 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of Bar Harbor Bankshares worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Bar Harbor Bankshares by 2.9% during 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 last quarter. Vanguard Group Inc. grew its stake in 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 worth $20,383,000 after buying an additional 11,091 shares during the last quarter. American Century Companies Inc. grew its stake in Bar Harbor Bankshares by 23.7% during the 2nd quarter. American Century Companies Inc. now owns 213,136 shares of the financial services provider’s stock worth $5,729,000 after buying an additional 40,891 shares during the last quarter. Renaissance Technologies LLC grew its stake in Bar Harbor Bankshares by 10.3% during the 2nd quarter. Renaissance Technologies LLC now owns 101,330 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 9,500 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Bar Harbor Bankshares by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,240 shares of the financial services provider’s stock worth $2,533,000 after buying an additional 3,202 shares during the last quarter. 54.49% of the stock is currently owned by institutional investors.

Bar Harbor Bankshares Stock Up 0.2 %

Shares of NYSEAMERICAN BHB opened at $35.68 on Monday. Bar Harbor Bankshares has a 12 month low of $23.26 and a 12 month high of $38.47. The firm has a market cap of $544.83 million, a PE ratio of 12.83 and a beta of 0.67. 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 (NYSEAMERICAN:BHB) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.68 by $0.12. The business had revenue of $58.23 million during the quarter, compared to the consensus estimate of $37.30 million. Bar Harbor Bankshares had a return on equity of 9.66% and a net margin of 18.99%. Equities research analysts forecast that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.36%. The ex-dividend date is Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is 43.17%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reiterated a “neutral” rating and set a $33.00 price target on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

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.