Boston Partners Raises Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Boston Partners increased its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 74.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,321 shares of the financial services provider's stock after buying an additional 53,063 shares during the period. Boston Partners owned about 0.81% of Bar Harbor Bankshares worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BHB. Trust Co. of Vermont boosted its holdings in Bar Harbor Bankshares by 561.1% in the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider's stock valued at $1,206,000 after purchasing an additional 33,478 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bar Harbor Bankshares by 77.4% during the third quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider's stock worth $1,570,000 after buying an additional 22,212 shares in the last quarter. State Street Corp grew its holdings in 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 worth $11,189,000 after acquiring an additional 19,118 shares in the last quarter. Barclays PLC increased its position in shares of Bar Harbor Bankshares by 50.0% in the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider's stock valued at $1,533,000 after purchasing an additional 16,579 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Bar Harbor Bankshares by 196.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider's stock worth $710,000 after purchasing an additional 15,245 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company's stock.

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Bar Harbor Bankshares Price Performance

Shares of BHB traded up $0.17 during mid-day trading on Wednesday, reaching $30.45. 27,429 shares of the company's stock were exchanged, compared to its average volume of 44,343. The stock's fifty day simple moving average is $31.21. Bar Harbor Bankshares has a 52-week low of $23.26 and a 52-week high of $38.47. The stock has a market cap of $464.97 million, a PE ratio of 10.68 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Bar Harbor Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.94%. Bar Harbor Bankshares's dividend payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, March 17th.

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.