Dimensional Fund Advisors LP Has $18.78 Million Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Dimensional Fund Advisors LP raised its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Rating) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 708,089 shares of the financial services provider’s stock after purchasing an additional 14,836 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Bar Harbor Bankshares were worth $18,779,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in shares of Bar Harbor Bankshares by 65.5% during the first quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock valued at $29,000 after buying an additional 395 shares during the last quarter. Barclays PLC boosted its position in shares of Bar Harbor Bankshares by 2.1% during the third quarter. Barclays PLC now owns 28,241 shares of the financial services provider’s stock valued at $750,000 after buying an additional 586 shares during the last quarter. Naples Global Advisors LLC boosted its position in shares of Bar Harbor Bankshares by 1.9% during the third quarter. Naples Global Advisors LLC now owns 40,601 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 750 shares during the last quarter. Enterprise Bank & Trust Co boosted its position in shares of Bar Harbor Bankshares by 2.5% during the third quarter. Enterprise Bank & Trust Co now owns 36,681 shares of the financial services provider’s stock valued at $973,000 after buying an additional 880 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Bar Harbor Bankshares by 5.6% during the second quarter. Rhumbline Advisers now owns 21,374 shares of the financial services provider’s stock valued at $553,000 after buying an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 52.24% of the company’s stock.

Bar Harbor Bankshares Price Performance

Shares of BHB opened at $28.97 on Wednesday. The company has a market capitalization of $436.58 million, a price-to-earnings ratio of 10.02 and a beta of 0.81. The company has a fifty day moving average price of $28.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.93. Bar Harbor Bankshares has a 1 year low of $24.00 and a 1 year high of $33.11.

Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Bar Harbor Bankshares had a return on equity of 11.11% and a net margin of 26.91%. The company had revenue of $41.18 million for the quarter, compared to analyst estimates of $39.90 million. Sell-side analysts anticipate that Bar Harbor Bankshares will post 3.03 earnings per share for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, February 16th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, February 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.59%. Bar Harbor Bankshares’s payout ratio is 35.99%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut Bar Harbor Bankshares from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research report on Monday, December 12th.

Bar Harbor Bankshares Profile

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Bar Harbor Bankshares operates through its subsidiaries, which engages in the provision of commercial, retail, and wealth management banking services. It includes lending activities, acceptance of demand, savings and time deposits, business services, investment management, and trust and third-party brokerage services.