First Bancorp Inc ME Sells 382 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

First Bancorp Inc ME decreased its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,744 shares of the financial services provider’s stock after selling 382 shares during the period. First Bancorp Inc ME’s holdings in Bar Harbor Bankshares were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont increased its position 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 acquiring an additional 33,478 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Bar Harbor Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock worth $23,264,000 after acquiring an additional 24,718 shares during the period. JPMorgan Chase & Co. increased its position in shares of Bar Harbor Bankshares by 77.4% during the third quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock worth $1,570,000 after acquiring an additional 22,212 shares during the period. State Street Corp increased its holdings in Bar Harbor Bankshares by 5.6% during the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after buying an additional 19,118 shares during the period. Finally, Barclays PLC increased its holdings in Bar Harbor Bankshares by 50.0% during the third quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock valued at $1,533,000 after buying an additional 16,579 shares during the period. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Price Performance

Bar Harbor Bankshares stock opened at $31.10 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $474.90 million, a PE ratio of 11.19 and a beta of 0.73. Bar Harbor Bankshares has a 1-year low of $23.26 and a 1-year high of $38.47.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. The firm had revenue of $58.23 million during the quarter, compared to the consensus estimate of $37.30 million. Equities analysts forecast that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.86%. Bar Harbor Bankshares’s dividend payout ratio is currently 43.17%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bar Harbor Bankshares from $30.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Bar Harbor Bankshares 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.