Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners lessened its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,422 shares of the financial services provider’s stock after selling 3,580 shares during the quarter. Coston McIsaac & Partners owned about 0.28% of Bar Harbor Bankshares worth $1,296,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. State Street Corp grew its stake in Bar Harbor Bankshares by 5.6% during the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after purchasing an additional 19,118 shares in the last quarter. Barclays PLC grew its position in shares of Bar Harbor Bankshares by 50.0% during the third quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 16,579 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Bar Harbor Bankshares by 561.1% during the fourth quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 33,478 shares during the period. JPMorgan Chase & Co. raised its holdings in Bar Harbor Bankshares by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock valued at $1,570,000 after acquiring an additional 22,212 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Bar Harbor Bankshares by 1.1% in the third quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider’s stock valued at $10,348,000 after acquiring an additional 3,602 shares in the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Up 0.7 %

NYSEAMERICAN:BHB opened at $31.97 on Thursday. 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 firm has a market cap of $488.18 million, a PE ratio of 10.91 and a beta of 0.73. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47.

Bar Harbor Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.75%. Bar Harbor Bankshares’s dividend payout ratio is presently 43.17%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (up from $34.00) on shares of Bar Harbor Bankshares in a research report on Monday.

About Bar Harbor Bankshares

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.