Means Investment CO. Inc. Lowers Stock Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Means Investment CO. Inc. lessened its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,257 shares of the financial services provider’s stock after selling 1,058 shares during the quarter. Means Investment CO. Inc. owned 0.46% of Bar Harbor Bankshares worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of BHB. FMR LLC raised its position in shares of Bar Harbor Bankshares by 67.4% in the 1st quarter. FMR LLC now owns 251,869 shares of the financial services provider’s stock worth $6,516,000 after purchasing an additional 101,404 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Bar Harbor Bankshares by 109.7% during the 4th quarter. North Star Investment Management Corp. now owns 104,945 shares of the financial services provider’s stock valued at $2,371,000 after purchasing an additional 54,890 shares during the period. BlackRock Inc. grew its stake in shares of Bar Harbor Bankshares by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,156,712 shares of the financial services provider’s stock valued at $26,130,000 after purchasing an additional 47,561 shares during the period. Colony Group LLC grew its stake in shares of Bar Harbor Bankshares by 69.1% during the 3rd quarter. Colony Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $689,000 after purchasing an additional 13,712 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Bar Harbor Bankshares during the 4th quarter valued at about $203,000. 50.70% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet upgraded Bar Harbor Bankshares from a “c+” rating to a “b-” rating in a research note on Monday, December 14th.

Shares of Bar Harbor Bankshares stock traded down $0.44 during trading hours on Thursday, reaching $30.03. 89 shares of the stock traded hands, compared to its average volume of 35,498. The business’s 50 day moving average is $23.47. The company has a market capitalization of $448.62 million, a price-to-earnings ratio of 16.21 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.10. Bar Harbor Bankshares has a one year low of $13.05 and a one year high of $32.37.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Thursday, January 28th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $40.09 million during the quarter. Bar Harbor Bankshares had a return on equity of 8.51% and a net margin of 17.40%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Thursday, February 18th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, February 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings and checking 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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