Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 879,697 shares of the financial services provider’s stock after acquiring an additional 7,314 shares during the period. Dimensional Fund Advisors LP owned approximately 5.76% of Bar Harbor Bankshares worth $26,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BHB. Barclays PLC raised its position in Bar Harbor Bankshares by 7.5% during the fourth quarter. Barclays PLC now owns 53,424 shares of the financial services provider’s stock worth $1,634,000 after acquiring an additional 3,710 shares during the period. Renaissance Technologies LLC raised its position in shares of Bar Harbor Bankshares by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 84,684 shares of the financial services provider’s stock worth $2,590,000 after purchasing an additional 1,000 shares during the last quarter. Invesco Ltd. lifted its stake in Bar Harbor Bankshares by 9.0% in the 4th quarter. Invesco Ltd. now owns 25,759 shares of the financial services provider’s stock valued at $788,000 after buying an additional 2,122 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Bar Harbor Bankshares by 71.5% in the 4th quarter. Wells Fargo & Company MN now owns 29,177 shares of the financial services provider’s stock worth $892,000 after buying an additional 12,166 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Bar Harbor Bankshares by 59.1% during the 4th quarter. JPMorgan Chase & Co. now owns 81,000 shares of the financial services provider’s stock worth $2,477,000 after buying an additional 30,084 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BHB. StockNews.com assumed coverage on Bar Harbor Bankshares in a research report 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 on the stock in a report on Monday, April 21st.

Bar Harbor Bankshares Stock Down 0.4 %

BHB stock opened at $29.63 on Wednesday. The company has a market cap of $452.45 million, a price-to-earnings ratio of 10.40 and a beta of 0.72. The firm has a 50-day moving average of $29.65 and a two-hundred day moving average of $31.29. Bar Harbor Bankshares has a 12 month low of $24.48 and a 12 month high of $38.47. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. Bar Harbor Bankshares’s payout ratio is 42.11%.

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.