Naples Global Advisors LLC Increases Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Naples Global Advisors LLC grew its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHBFree Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,783 shares of the financial services provider’s stock after purchasing an additional 2,332 shares during the period. Naples Global Advisors LLC owned approximately 0.27% of Bar Harbor Bankshares worth $1,197,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Credit Suisse AG grew its position in Bar Harbor Bankshares by 3.0% during the 4th quarter. Credit Suisse AG now owns 11,188 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 325 shares during the last quarter. Legal & General Group Plc raised its holdings in Bar Harbor Bankshares by 6.4% in the 4th quarter. Legal & General Group Plc now owns 5,469 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 330 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Bar Harbor Bankshares by 65.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 395 shares in the last quarter. MetLife Investment Management LLC lifted its position in Bar Harbor Bankshares by 6.5% in the 4th quarter. MetLife Investment Management LLC now owns 8,070 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 489 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Bar Harbor Bankshares by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,055 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 596 shares during the last quarter. 53.62% of the stock is owned by institutional investors.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN:BHB opened at $25.39 on Thursday. Bar Harbor Bankshares has a one year low of $19.55 and a one year high of $30.37. The firm has a market capitalization of $385.67 million, a PE ratio of 8.61 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77.

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $37.64 million for the quarter, compared to analysts’ expectations of $37.40 million. Bar Harbor Bankshares had a return on equity of 10.92% and a net margin of 21.36%. Equities research analysts anticipate that Bar Harbor Bankshares will post 2.74 EPS for the current year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.12 dividend on an annualized basis and a yield of 4.41%. Bar Harbor Bankshares’s dividend payout ratio is presently 37.97%.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Bar Harbor Bankshares from a “b” rating to a “c+” rating in a report on Monday, March 11th.

View Our Latest Research Report on BHB

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.

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

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