Invesco Ltd. Has $788,000 Stock Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Invesco Ltd. increased its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,759 shares of the financial services provider’s stock after purchasing an additional 2,122 shares during the quarter. Invesco Ltd. owned approximately 0.17% of Bar Harbor Bankshares worth $788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings 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 acquiring an additional 576 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Bar Harbor Bankshares in the fourth quarter valued at about $107,000. Hager Investment Management Services LLC bought a new stake in shares of Bar Harbor Bankshares during the fourth quarter valued at approximately $151,000. New York State Common Retirement Fund increased its holdings in shares of Bar Harbor Bankshares by 40.4% in the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Bar Harbor Bankshares during the fourth quarter worth $212,000. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Trading Up 3.3 %

NYSEAMERICAN BHB opened at $30.26 on Friday. The stock has a market capitalization of $462.07 million, a price-to-earnings ratio of 10.62 and a beta of 0.72. Bar Harbor Bankshares has a 52 week low of $24.48 and a 52 week high of $38.47. The stock’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $31.31. 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a $0.32 dividend. This is a boost from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.23%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

BHB has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Bar Harbor Bankshares in a research note on Saturday, April 26th. They issued a “hold” rating on the stock. 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.

Bar Harbor Bankshares 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.