Jane Street Group LLC Sells 3,683 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Jane Street Group LLC trimmed its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 23.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,861 shares of the financial services provider’s stock after selling 3,683 shares during the period. Jane Street Group LLC owned about 0.08% of Bar Harbor Bankshares worth $366,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $23,264,000 after acquiring an additional 24,718 shares during the period. State Street Corp lifted its stake in shares of Bar Harbor Bankshares by 5.6% during the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after buying an additional 19,118 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 valued at $5,729,000 after buying an additional 40,891 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of 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 valued at $2,724,000 after buying an additional 9,500 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake 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 valued at $2,912,000 after buying an additional 870 shares in the last quarter. 54.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their target price on shares of Bar Harbor Bankshares from $30.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Bar Harbor Bankshares Price Performance

Shares of Bar Harbor Bankshares stock opened at $30.00 on Thursday. The firm has a market capitalization of $458.10 million, a price-to-earnings ratio of 10.79 and a beta of 0.69. Bar Harbor Bankshares has a 12-month low of $23.26 and a 12-month high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12. The firm had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. As a group, equities analysts forecast that Bar Harbor Bankshares will post 2.82 EPS for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently declared 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 4.00%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is currently 43.17%.

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.