Foundry Partners LLC trimmed its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 98,814 shares of the financial services provider’s stock after selling 4,245 shares during the quarter. Foundry Partners LLC owned 0.66% of Bar Harbor Bankshares worth $2,907,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BHB. Mascoma Wealth Management LLC bought a new stake in shares of Bar Harbor Bankshares in the 1st quarter worth approximately $44,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Bar Harbor Bankshares in the 1st quarter worth approximately $45,000. Barrett Asset Management LLC bought a new stake in shares of Bar Harbor Bankshares in the 4th quarter worth approximately $51,000. Citigroup Inc. lifted its holdings in shares of Bar Harbor Bankshares by 228.2% in the 4th quarter. Citigroup Inc. now owns 3,197 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,223 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Bar Harbor Bankshares in the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.
Separately, Piper Sandler assumed coverage on shares of Bar Harbor Bankshares in a research note on Wednesday, May 19th. They issued an “overweight” rating and a $34.00 target price on the stock.
Shares of NYSEAMERICAN BHB opened at $29.67 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. Bar Harbor Bankshares has a 52 week low of $18.17 and a 52 week high of $32.37. The business has a fifty day moving average price of $23.07. The stock has a market capitalization of $444.31 million, a P/E ratio of 12.79 and a beta of 0.97.
Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its quarterly earnings data on Tuesday, April 27th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $33.67 million for the quarter. Bar Harbor Bankshares had a net margin of 21.14% and a return on equity of 9.15%. As a group, equities analysts predict that Bar Harbor Bankshares will post 2.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Tuesday, May 18th will be given a dividend of $0.24 per share. This is an increase from Bar Harbor Bankshares’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Monday, May 17th. Bar Harbor Bankshares’s payout ratio is presently 41.92%.
Bar Harbor Bankshares Profile
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking services. 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.
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