Connor Clark & Lunn Investment Management Ltd. Boosts Stock Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 104.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,219 shares of the financial services provider's stock after purchasing an additional 11,868 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of Bar Harbor Bankshares worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BHB. State Street Corp increased its stake in Bar Harbor Bankshares by 5.6% in the third quarter. State Street Corp now owns 362,823 shares of the financial services provider's stock valued at $11,189,000 after purchasing an additional 19,118 shares in the last quarter. Barclays PLC raised its stake in Bar Harbor Bankshares by 50.0% during the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider's stock worth $1,533,000 after buying an additional 16,579 shares during the period. Trust Co. of Vermont boosted its holdings in Bar Harbor Bankshares by 561.1% in the fourth quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider's stock worth $1,206,000 after acquiring an additional 33,478 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Bar Harbor Bankshares in the fourth quarter valued at approximately $242,000. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $1,570,000 after acquiring an additional 22,212 shares in the last quarter. Institutional investors own 54.49% of the company's stock.

Wall Street Analyst Weigh In

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

Bar Harbor Bankshares Trading Up 0.6 %

Bar Harbor Bankshares stock traded up $0.17 during trading on Wednesday, hitting $30.45. 27,429 shares of the company were exchanged, compared to its average volume of 44,343. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $31.21. Bar Harbor Bankshares has a 52 week low of $23.26 and a 52 week high of $38.47. The company has a market capitalization of $464.97 million, a P/E ratio of 10.68 and a beta of 0.72.

Bar Harbor Bankshares Dividend Announcement

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

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.