BNP Paribas Financial Markets Trims Stock Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

BNP Paribas Financial Markets decreased its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,307 shares of the financial services provider’s stock after selling 843 shares during the period. BNP Paribas Financial Markets’ holdings in Bar Harbor Bankshares were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Bar Harbor Bankshares by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 11,290 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 1,788 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Bar Harbor Bankshares by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 536 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Bar Harbor Bankshares during the fourth quarter valued at approximately $151,000. Empowered Funds LLC grew its stake in Bar Harbor Bankshares by 4.9% during the fourth quarter. Empowered Funds LLC now owns 45,790 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 2,157 shares in the last quarter. Finally, Polaris Capital Management LLC grew its stake in Bar Harbor Bankshares by 15.2% during the fourth quarter. Polaris Capital Management LLC now owns 50,000 shares of the financial services provider’s stock valued at $1,529,000 after acquiring an additional 6,600 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Analyst Upgrades and Downgrades

BHB has been the subject of several research analyst reports. Wall Street Zen initiated coverage on shares of Bar Harbor Bankshares in a research report on Saturday, April 26th. They set a “hold” rating for the company. Keefe, Bruyette & Woods dropped their target price on shares of 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 Stock Down 1.9%

Shares of Bar Harbor Bankshares stock opened at $28.52 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $29.33 and its two-hundred day simple moving average is $31.18. The company has a market cap of $435.50 million, a P/E ratio of 10.01 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.

Bar Harbor Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.49%. Bar Harbor Bankshares’s dividend payout ratio is currently 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.