Bar Harbor Bankshares (BHB) Director Purchases $65,482.85 in Stock
Bar Harbor Bankshares (NYSE:BHB) Director Stephen R. Theroux bought 2,545 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $25.73 per share, for a total transaction of $65,482.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Bar Harbor Bankshares (NYSE BHB) traded up 2.75% during mid-day trading on Friday, hitting $26.19. The company had a trading volume of 16,385 shares. The company’s 50 day moving average price is $26.93 and its 200-day moving average price is $31.43. The firm has a market capitalization of $403.85 million and a PE ratio of 18.64. Bar Harbor Bankshares has a 12-month low of $25.09 and a 12-month high of $33.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.1867 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.75 annualized dividend and a dividend yield of 2.93%.
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Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Bar Harbor Bankshares by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 808 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Bar Harbor Bankshares by 48.2% during the 2nd quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock worth $2,798,000 after purchasing an additional 29,538 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of Bar Harbor Bankshares by 96.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 14,162 shares during the last quarter. FMR LLC grew its stake in Bar Harbor Bankshares by 14.6% in the 2nd quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock valued at $8,419,000 after buying an additional 34,813 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Bar Harbor Bankshares by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 561,631 shares of the financial services provider’s stock valued at $17,309,000 after buying an additional 35,079 shares in the last quarter.
Separately, TheStreet downgraded Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 11th.
Bar Harbor Bankshares Company Profile
Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.
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