Bar Harbor Bankshares (NYSEAMERICAN:BHB) EVP John M. Mercier acquired 1,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $27.88 per share, with a total value of $27,880.00. Following the acquisition, the executive vice president now directly owns 1,000 shares in the company, valued at $27,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bar Harbor Bankshares (BHB) traded up $0.97 during trading on Thursday, reaching $28.91. The company had a trading volume of 21,076 shares, compared to its average volume of 29,013. Bar Harbor Bankshares has a fifty-two week low of $25.09 and a fifty-two week high of $33.41.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.1867 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 14th. Bar Harbor Bankshares’s payout ratio is currently 48.39%.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://transcriptdaily.com/2017/11/16/bar-harbor-bankshares-bhb-evp-acquires-27880-00-in-stock.html.
Institutional investors have recently bought and sold shares of the stock. Swiss National Bank bought a new position in Bar Harbor Bankshares during the second quarter worth about $789,000. Menta Capital LLC bought a new position in Bar Harbor Bankshares during the second quarter worth about $518,000. FMR LLC grew its holdings in Bar Harbor Bankshares by 14.6% during the second quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 34,813 shares during the period. Teachers Advisors LLC grew its holdings in Bar Harbor Bankshares by 11.0% during the second quarter. Teachers Advisors LLC now owns 26,863 shares of the financial services provider’s stock worth $828,000 after purchasing an additional 2,659 shares during the period. Finally, Foundry Partners LLC grew its holdings in Bar Harbor Bankshares by 8.6% during the third quarter. Foundry Partners LLC now owns 98,631 shares of the financial services provider’s stock worth $3,093,000 after purchasing an additional 7,851 shares during the period.
Separately, TheStreet cut 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.
Receive News & Ratings for Bar Harbor Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bar Harbor Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.