Bar Harbor Bankshares (BHB) Director Acquires $65,624.30 in Stock

Bar Harbor Bankshares (NYSE:BHB) Director Stephen R. Theroux bought 2,410 shares of Bar Harbor Bankshares stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $27.23 per share, with a total value of $65,624.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bar Harbor Bankshares (BHB) opened at 28.52 on Friday. The firm’s 50-day moving average price is $26.65 and its 200-day moving average price is $30.82. The stock has a market cap of $439.78 million and a price-to-earnings ratio of 20.30. Bar Harbor Bankshares has a 12-month low of $25.09 and a 12-month high of $49.87.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were paid a $0.1867 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, August 11th.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Bar Harbor Bankshares by 7.5% in the second quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock worth $359,000 after buying an additional 808 shares during the period. Foundry Partners LLC raised its stake in shares of Bar Harbor Bankshares by 48.2% in the second quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 29,538 shares during the period. Morgan Dempsey Capital Management LLC raised its stake in shares of Bar Harbor Bankshares by 96.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock worth $889,000 after buying an additional 14,162 shares during the period. FMR LLC raised its stake in shares of Bar Harbor Bankshares by 14.6% in the second quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock worth $8,419,000 after buying an additional 34,813 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Bar Harbor Bankshares by 6.7% in the second quarter. Vanguard Group Inc. now owns 561,631 shares of the financial services provider’s stock worth $17,309,000 after buying an additional 35,079 shares during the period.

Separately, TheStreet lowered Bar Harbor Bankshares from a “b” rating to a “c+” rating in a report on Friday, August 11th.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.

Insider Buying and Selling by Quarter for Bar Harbor Bankshares (NYSE:BHB)

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