Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 59.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,000 shares of the financial services provider’s stock after purchasing an additional 30,084 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of Bar Harbor Bankshares worth $2,477,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BHB. State Street Corp increased its stake in shares of Bar Harbor Bankshares by 5.6% during the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after acquiring an additional 19,118 shares during the last quarter. Barclays PLC increased its holdings in shares of Bar Harbor Bankshares by 50.0% during the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 16,579 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Bar Harbor Bankshares by 561.1% in the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 33,478 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Bar Harbor Bankshares in the fourth quarter valued at $242,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Bar Harbor Bankshares by 104.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,219 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 11,868 shares during the period. 54.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on BHB shares. StockNews.com assumed coverage on shares of Bar Harbor Bankshares in a research note on Saturday, April 19th. They set a “hold” rating for the company. Keefe, Bruyette & Woods reduced their target price on shares of Bar Harbor Bankshares from $35.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday.

Bar Harbor Bankshares Stock Performance

Shares of BHB opened at $29.19 on Thursday. The company has a market cap of $445.73 million, a price-to-earnings ratio of 10.24 and a beta of 0.72. The firm has a fifty day moving average of $30.21 and a 200-day moving average of $31.32. Bar Harbor Bankshares has a 1 year low of $24.48 and a 1 year high of $38.47. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Thursday, May 15th. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. Bar Harbor Bankshares’s dividend payout ratio is currently 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.