LPL Financial LLC Buys 509 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

LPL Financial LLC grew its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,162 shares of the financial services provider’s stock after acquiring an additional 509 shares during the quarter. LPL Financial LLC owned 0.05% of Bar Harbor Bankshares worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bar Harbor Wealth Management increased its stake in shares of Bar Harbor Bankshares by 2.6% in the 4th quarter. Bar Harbor Wealth Management now owns 428,401 shares of the financial services provider’s stock valued at $13,101,000 after acquiring an additional 10,761 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Bar Harbor Bankshares by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider’s stock valued at $10,348,000 after purchasing an additional 3,602 shares during the period. American Century Companies Inc. grew its position in shares of Bar Harbor Bankshares by 1.9% in the 4th quarter. American Century Companies Inc. now owns 259,299 shares of the financial services provider’s stock valued at $7,929,000 after purchasing an additional 4,713 shares during the period. Boston Partners grew its position in shares of Bar Harbor Bankshares by 74.5% in the 4th quarter. Boston Partners now owns 124,321 shares of the financial services provider’s stock valued at $3,802,000 after purchasing an additional 53,063 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock valued at $1,570,000 after purchasing an additional 22,212 shares during the period. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Stock Performance

Shares of BHB opened at $29.26 on Tuesday. The stock has a market capitalization of $446.80 million, a price-to-earnings ratio of 10.27 and a beta of 0.72. Bar Harbor Bankshares has a 12 month low of $24.48 and a 12 month high of $38.47. The firm has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $31.31. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This is a boost from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.37%. Bar Harbor Bankshares’s payout ratio is 42.11%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Bar Harbor Bankshares from $35.00 to $33.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. StockNews.com assumed coverage on Bar Harbor Bankshares in a research report on Saturday. They issued a “hold” rating for the company.

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.