Means Investment CO. Inc. lowered its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 1.5% in the first quarter, Holdings Channel.com reports. 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.’s holdings in Bar Harbor Bankshares were worth $2,038,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Barrett Asset Management LLC purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at approximately $51,000. Nisa Investment Advisors LLC grew its position in shares of Bar Harbor Bankshares by 47.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,500 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 800 shares in the last quarter. Norway Savings Bank purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at approximately $70,000. Citigroup Inc. grew its position in shares of Bar Harbor Bankshares by 228.2% in the fourth quarter. Citigroup Inc. now owns 3,197 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,223 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at approximately $203,000. 50.70% of the stock is owned by institutional investors and hedge funds.
Shares of Bar Harbor Bankshares stock traded down $0.44 on Thursday, reaching $30.03. 89 shares of the company were exchanged, compared to its average volume of 35,498. The stock’s 50 day moving average is $23.47. The company has a market capitalization of $448.62 million, a P/E ratio of 16.21 and a beta of 0.89. Bar Harbor Bankshares has a 1-year low of $13.05 and a 1-year high of $32.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.99 and a current ratio of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Thursday, February 18th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, February 17th.
Separately, TheStreet raised Bar Harbor Bankshares from a “c+” rating to a “b-” rating in a research report on Monday, December 14th.
Bar Harbor Bankshares Company Profile
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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