Hager Investment Management Services LLC Makes New Investment in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Hager Investment Management Services LLC acquired a new position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,925 shares of the financial services provider’s stock, valued at approximately $151,000.

Several other large investors have also recently added to or reduced their stakes in BHB. Janus Henderson Group PLC acquired a new stake in shares of Bar Harbor Bankshares during the 3rd quarter worth $203,000. Moors & Cabot Inc. acquired a new stake in Bar Harbor Bankshares in the third quarter valued at about $214,000. Camden National Bank acquired a new stake in Bar Harbor Bankshares in the third quarter valued at about $214,000. Sky Investment Group LLC acquired a new stake in Bar Harbor Bankshares in the third quarter valued at about $216,000. Finally, First Bancorp Inc ME acquired a new stake in Bar Harbor Bankshares in the third quarter valued at about $220,000. Institutional investors own 54.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 price objective (up from $34.00) on shares of Bar Harbor Bankshares in a research note on Monday, January 27th.

Bar Harbor Bankshares Price Performance

Shares of BHB stock opened at $31.85 on Wednesday. Bar Harbor Bankshares has a 12 month low of $23.26 and a 12 month high of $38.47. The stock has a market cap of $486.35 million, a PE ratio of 11.18 and a beta of 0.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54.

Bar Harbor Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, February 20th. Bar Harbor Bankshares’s payout ratio is 42.11%.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.