Bar Harbor Bankshares (BHB) Director Acquires $65,624.30 in Stock
Bar Harbor Bankshares (NYSE:BHB) Director Stephen R. Theroux purchased 2,410 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of $27.23 per share, for a total transaction of $65,624.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Bar Harbor Bankshares (BHB) traded down 0.22% during midday trading on Thursday, hitting $27.45. The stock had a trading volume of 14,092 shares. Bar Harbor Bankshares has a one year low of $25.09 and a one year high of $49.87. The stock has a market cap of $423.28 million and a PE ratio of 19.54. The firm has a 50 day moving average price of $26.64 and a 200 day moving average price of $30.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.1867 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.72%.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in BHB. Alliancebernstein L.P. purchased a new position in shares of Bar Harbor Bankshares in the 2nd quarter valued at about $296,000. Janney Montgomery Scott LLC increased its holdings in shares of Bar Harbor Bankshares by 7.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 808 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Bar Harbor Bankshares by 52.5% in the 2nd quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 5,667 shares during the last quarter. Menta Capital LLC purchased a new position in shares of Bar Harbor Bankshares in the 2nd quarter valued at about $518,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Bar Harbor Bankshares by 10.6% in the 2nd quarter. Wells Fargo & Company MN now owns 20,693 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 1,991 shares during the last quarter.
Separately, TheStreet lowered Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research note 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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