Insider Selling: Bar Harbor Bankshares (BHB) Director Sells 803 Shares of Stock
Bar Harbor Bankshares (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 803 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.55, for a total value of $24,531.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) traded up $0.37 on Thursday, reaching $30.33. The company’s stock had a trading volume of 37,000 shares, compared to its average volume of 28,769. Bar Harbor Bankshares has a fifty-two week low of $25.09 and a fifty-two week high of $33.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.1867 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, November 14th. Bar Harbor Bankshares’s payout ratio is 48.39%.
Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Bar Harbor Bankshares by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 440,768 shares of the financial services provider’s stock worth $13,823,000 after purchasing an additional 21,372 shares in the last quarter. Bar Harbor Trust Services grew its position in shares of Bar Harbor Bankshares by 0.4% during the third quarter. Bar Harbor Trust Services now owns 493,483 shares of the financial services provider’s stock worth $15,476,000 after purchasing an additional 2,209 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Bar Harbor Bankshares by 96.9% during the 3rd quarter. Wells Fargo & Company MN now owns 40,745 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 20,052 shares in the last quarter. Citadel Advisors LLC purchased a new position in Bar Harbor Bankshares during the 3rd quarter valued at approximately $687,000. Finally, JPMorgan Chase & Co. purchased a new position in Bar Harbor Bankshares during the 3rd quarter valued at approximately $144,000.
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About Bar Harbor Bankshares
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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