Boston Partners Sells 14,469 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Boston Partners cut its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHBFree Report) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,943 shares of the financial services provider’s stock after selling 14,469 shares during the period. Boston Partners owned approximately 0.63% of Bar Harbor Bankshares worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in shares of Bar Harbor Bankshares by 65.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock worth $29,000 after buying an additional 395 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Bar Harbor Bankshares in the 3rd quarter valued at about $27,000. Osaic Holdings Inc. raised its holdings in shares of Bar Harbor Bankshares by 196.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,552 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,028 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Bar Harbor Bankshares by 39.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,799 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 798 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Bar Harbor Bankshares by 172.7% in the 2nd quarter. Captrust Financial Advisors now owns 4,211 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,667 shares during the period. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Bar Harbor Bankshares Stock Down 0.9 %

Shares of BHB stock opened at $25.24 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $382.64 million, a PE ratio of 8.56 and a beta of 0.76. Bar Harbor Bankshares has a 52-week low of $19.55 and a 52-week high of $32.36.

Bar Harbor Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 15th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.12 annualized dividend and a yield of 4.44%. Bar Harbor Bankshares’s dividend payout ratio is currently 37.97%.

Bar Harbor Bankshares Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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