Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 56.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,759 shares of the financial services provider’s stock after acquiring an additional 3,507 shares during the period. Deutsche Bank AG owned approximately 0.06% of Bar Harbor Bankshares worth $298,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Bar Harbor Bankshares by 7.1% during the 4th quarter. Northern Trust Corp now owns 145,134 shares of the financial services provider’s stock valued at $4,438,000 after acquiring an additional 9,635 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bar Harbor Bankshares by 59.1% in 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. Kingswood Wealth Advisors LLC bought a new stake in shares of Bar Harbor Bankshares in the 4th quarter worth $242,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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 buying an additional 11,868 shares in the last quarter. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Down 0.5%

Shares of Bar Harbor Bankshares stock opened at $29.33 on Friday. Bar Harbor Bankshares has a 12-month low of $24.48 and a 12-month high of $38.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $447.87 million, a PE ratio of 10.29 and a beta of 0.72. The stock’s fifty day moving average is $29.37 and its 200-day moving average is $31.20.

Bar Harbor Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a $0.32 dividend. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, May 15th. Bar Harbor Bankshares’s dividend payout ratio is presently 42.11%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BHB shares. Wall Street Zen started coverage on Bar Harbor Bankshares in a research note on Saturday, April 26th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods dropped their price objective on Bar Harbor Bankshares from $35.00 to $33.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st.

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.