Barclays PLC Has $1.53 Million Stock Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Barclays PLC grew its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 50.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,714 shares of the financial services provider’s stock after buying an additional 16,579 shares during the period. Barclays PLC owned 0.33% of Bar Harbor Bankshares worth $1,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BHB. Janus Henderson Group PLC bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $203,000. Moors & Cabot Inc. bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $214,000. Camden National Bank bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $214,000. Sky Investment Group LLC bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $216,000. Finally, First Bancorp Inc ME bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $220,000. 54.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Bar Harbor Bankshares Price Performance

Shares of NYSEAMERICAN BHB opened at $29.04 on Monday. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve 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. The company has a market cap of $443.44 million, a price-to-earnings ratio of 10.45 and a beta of 0.69.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted 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 company had revenue of $58.23 million for 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%. As a group, equities research analysts expect that Bar Harbor Bankshares will post 2.82 EPS for the current fiscal year.

Bar Harbor Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is presently 43.17%.

Bar Harbor Bankshares 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.