Boston Partners Acquires 53,063 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Boston Partners grew its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 74.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,321 shares of the financial services provider’s stock after acquiring an additional 53,063 shares during the quarter. Boston Partners’ holdings in Bar Harbor Bankshares were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC bought a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at about $212,000. Thrivent Financial for Lutherans raised its holdings in Bar Harbor Bankshares by 5.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 24,388 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 1,369 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Bar Harbor Bankshares by 104.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,219 shares of the financial services provider’s stock worth $710,000 after acquiring an additional 11,868 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Bar Harbor Bankshares by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,132 shares of the financial services provider’s stock worth $1,288,000 after purchasing an additional 943 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Bar Harbor Bankshares by 25.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Down 2.8 %

NYSEAMERICAN BHB opened at $29.73 on Friday. The company has a market capitalization of $453.98 million, a PE ratio of 10.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The company has a 50-day simple moving average of $31.18.

Bar Harbor Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. Bar Harbor Bankshares’s payout ratio is presently 42.11%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th.

Bar Harbor Bankshares Company Profile

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.