UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,233 shares of the financial services provider’s stock after selling 795 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Bar Harbor Bankshares worth $619,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Bar Harbor Bankshares by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 879,697 shares of the financial services provider’s stock worth $26,901,000 after buying an additional 7,314 shares in the last quarter. American Century Companies Inc. grew its position in shares of Bar Harbor Bankshares by 1.9% during the fourth 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 in the last quarter. Northern Trust Corp grew its position in shares of Bar Harbor Bankshares by 7.1% during the fourth quarter. Northern Trust Corp now owns 145,134 shares of the financial services provider’s stock valued at $4,438,000 after purchasing an additional 9,635 shares in the last quarter. Boston Partners grew its position in shares of Bar Harbor Bankshares by 74.5% during the fourth 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 in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of Bar Harbor Bankshares by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 96,756 shares of the financial services provider’s stock valued at $2,959,000 after purchasing an additional 2,157 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Trading Down 0.2%

Shares of Bar Harbor Bankshares stock opened at $29.59 on Thursday. The firm has a market cap of $451.84 million, a price-to-earnings ratio of 10.38 and a beta of 0.72. The business has a 50-day moving average price of $29.31 and a 200-day moving average price of $31.13. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a twelve month low of $24.48 and a twelve month high of $38.47.

Bar Harbor Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.32 dividend. This is an increase from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.33%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BHB. Keefe, Bruyette & Woods cut 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. Wall Street Zen began coverage on Bar Harbor Bankshares in a research report on Saturday, April 26th. They set a “hold” rating for the company.

About Bar Harbor Bankshares

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.