Nisa Investment Advisors LLC Grows Stock Position in Bar Harbor Bankshares (NYSE:BHB)

Nisa Investment Advisors LLC boosted its holdings in Bar Harbor Bankshares (NYSE:BHB) by 33.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,713 shares of the company’s stock after buying an additional 430 shares during the period. Nisa Investment Advisors LLC’s holdings in Bar Harbor Bankshares were worth $51,000 at the end of the most recent reporting period.

Bar Harbor Bankshares Price Performance

Shares of NYSE:BHB opened at $31.48 on Friday. The stock’s 50-day moving average price is $30.09. The firm has a market capitalization of $482.18 million, a price-to-earnings ratio of 11.05 and a beta of 0.65. Bar Harbor Bankshares has a 12 month low of $26.43 and a 12 month high of $38.47.

Bar Harbor Bankshares Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were issued a dividend of $0.32 per share. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, May 15th. Bar Harbor Bankshares’s payout ratio is currently 44.91%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Bar Harbor Bankshares in a research note on Friday, May 16th. They set a “hold” rating for the company.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. 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.