Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 18.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,290 shares of the financial services provider’s stock after acquiring an additional 1,788 shares during the period. SG Americas Securities LLC owned about 0.07% of Bar Harbor Bankshares worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BHB. Janus Henderson Group PLC acquired a new stake in Bar Harbor Bankshares during the third quarter valued at $203,000. Moors & Cabot Inc. bought a new position in Bar Harbor Bankshares during the third quarter valued at about $214,000. Camden National Bank bought a new stake in Bar Harbor Bankshares in the 3rd quarter valued at $214,000. Sky Investment Group LLC acquired a new stake in Bar Harbor Bankshares during the third quarter valued at approximately $216,000. Finally, First Bancorp Inc ME acquired a new position in Bar Harbor Bankshares during the third quarter worth $220,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

Analysts Set New Price Targets

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

Bar Harbor Bankshares Trading Down 1.1 %

BHB stock opened at $31.33 on Tuesday. Bar Harbor Bankshares has a 1 year low of $23.26 and a 1 year high of $38.47. The stock has a market cap of $478.41 million, a price-to-earnings ratio of 10.99 and a beta of 0.72. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, February 20th. Bar Harbor Bankshares’s payout ratio is 42.11%.

Bar Harbor Bankshares Company 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.