New York State Common Retirement Fund Raises Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

New York State Common Retirement Fund increased its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 40.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,213 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the period. New York State Common Retirement Fund’s holdings in Bar Harbor Bankshares were worth $159,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Polaris Capital Management LLC boosted its position in shares of Bar Harbor Bankshares by 15.2% in the fourth quarter. Polaris Capital Management LLC now owns 50,000 shares of the financial services provider’s stock worth $1,529,000 after acquiring an additional 6,600 shares during the last quarter. Empowered Funds LLC grew its position in Bar Harbor Bankshares by 4.9% during the fourth quarter. Empowered Funds LLC now owns 45,790 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 2,157 shares during the period. Hager Investment Management Services LLC acquired a new stake in Bar Harbor Bankshares during the fourth quarter worth about $151,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Bar Harbor Bankshares in the 4th quarter worth about $242,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Bar Harbor Bankshares by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 536 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Bar Harbor Bankshares Trading Down 1.2 %

Shares of Bar Harbor Bankshares stock opened at $30.83 on Thursday. The business’s fifty day simple moving average is $31.39. The stock has a market cap of $470.77 million, a PE ratio of 10.82 and a beta of 0.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47.

Bar Harbor Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.89%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Ratings Changes

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

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.