Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 794,088 shares of the financial services provider's stock after selling 10,398 shares during the period. Vanguard Group Inc. owned about 5.20% of Bar Harbor Bankshares worth $24,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BHB. Steward Partners Investment Advisory LLC increased its position in Bar Harbor Bankshares by 25.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock worth $87,000 after buying an additional 576 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bar Harbor Bankshares in the fourth quarter worth about $107,000. Hager Investment Management Services LLC bought a new position in shares of Bar Harbor Bankshares during the 4th quarter valued at approximately $151,000. New York State Common Retirement Fund grew its stake in shares of Bar Harbor Bankshares by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider's stock worth $159,000 after buying an additional 1,500 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Bar Harbor Bankshares in the 4th quarter valued at approximately $212,000. Hedge funds and other institutional investors own 54.49% of the company's stock.

Bar Harbor Bankshares Trading Up 1.6 %

Shares of NYSEAMERICAN BHB traded up $0.45 during midday trading on Friday, reaching $28.98. 50,468 shares of the stock were exchanged, compared to its average volume of 40,992. The stock has a market capitalization of $442.52 million, a P/E ratio of 10.17 and a beta of 0.72. Bar Harbor Bankshares has a twelve month low of $23.82 and a twelve month 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. The company has a 50 day simple moving average of $30.42 and a 200 day simple moving average of $31.37.

Bar Harbor Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 4.14%. Bar Harbor Bankshares's dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

BHB has been the subject of a number of research analyst reports. StockNews.com began coverage on Bar Harbor Bankshares in a research report on Saturday. They set a "hold" rating for the company. Keefe, Bruyette & Woods lifted their target price on Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Monday, March 17th.

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.