Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,254 shares of the financial services provider’s stock after selling 496 shares during the period. Rhumbline Advisers owned about 0.15% of Bar Harbor Bankshares worth $711,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BHB. Hager Investment Management Services LLC acquired a new position in shares of Bar Harbor Bankshares in the 4th quarter valued at $151,000. Janus Henderson Group PLC purchased a new stake in Bar Harbor Bankshares in the third quarter valued at $203,000. Camden National Bank acquired a new position in Bar Harbor Bankshares in the third quarter valued at $214,000. Moors & Cabot Inc. purchased a new position in shares of Bar Harbor Bankshares during the third quarter worth about $214,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Bar Harbor Bankshares during the fourth quarter worth about $242,000. 54.49% of the stock is owned by hedge funds and other institutional investors.

Bar Harbor Bankshares Price Performance

Shares of NYSEAMERICAN:BHB opened at $30.78 on Friday. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $31.39. The stock has a market capitalization of $470.01 million, a P/E ratio of 10.80 and a beta of 0.72.

Bar Harbor Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.90%. Bar Harbor Bankshares’s payout ratio is currently 42.11%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 target price (up from $34.00) on shares of Bar Harbor Bankshares in a report on Monday, January 27th.

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.