Barclays PLC Grows Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Barclays PLC lifted its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 50.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,714 shares of the financial services provider's stock after purchasing an additional 16,579 shares during the quarter. Barclays PLC owned 0.33% of Bar Harbor Bankshares worth $1,533,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new stake in shares of Bar Harbor Bankshares in the 3rd quarter valued at approximately $203,000. Moors & Cabot Inc. bought a new stake in shares of Bar Harbor Bankshares in the 3rd quarter worth about $214,000. Camden National Bank purchased a new position in shares of Bar Harbor Bankshares during the third quarter valued at approximately $214,000. Sky Investment Group LLC purchased a new stake in shares of Bar Harbor Bankshares in the third quarter worth approximately $216,000. Finally, First Bancorp Inc ME purchased a new position in Bar Harbor Bankshares during the 3rd quarter valued at $220,000. Institutional investors own 54.49% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler reiterated a "neutral" rating and issued a $33.00 target price on shares of Bar Harbor Bankshares in a report on Thursday, September 5th. Keefe, Bruyette & Woods upped their price objective on shares of Bar Harbor Bankshares from $30.00 to $34.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

Bar Harbor Bankshares Price Performance

NYSEAMERICAN:BHB traded down $0.71 during mid-day trading on Friday, hitting $30.25. The company's stock had a trading volume of 29,437 shares, compared to its average volume of 37,495. The firm has a market cap of $461.92 million, a price-to-earnings ratio of 10.88 and a beta of 0.69. Bar Harbor Bankshares has a 1 year low of $23.26 and a 1 year high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.68 by $0.12. The business had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a return on equity of 9.66% and a net margin of 18.99%. Research analysts expect that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.97%. Bar Harbor Bankshares's payout ratio is 43.17%.

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.