Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Acquired by Polaris Capital Management LLC

Polaris Capital Management LLC lifted its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,000 shares of the financial services provider’s stock after acquiring an additional 6,600 shares during the period. Polaris Capital Management LLC owned 0.33% of Bar Harbor Bankshares worth $1,529,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in Bar Harbor Bankshares by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 536 shares in the last quarter. Foundry Partners LLC raised its holdings in Bar Harbor Bankshares by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider’s stock valued at $2,912,000 after acquiring an additional 870 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in Bar Harbor Bankshares by 21.4% in the third quarter. Arete Wealth Advisors LLC now owns 9,615 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 1,694 shares during the period. SG Americas Securities LLC increased its stake in Bar Harbor Bankshares by 18.8% in 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 during the period. Finally, Empowered Funds LLC grew its stake in shares of Bar Harbor Bankshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 43,633 shares of the financial services provider’s stock valued at $1,346,000 after purchasing an additional 2,144 shares during the period. Institutional investors own 54.49% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (up previously from $34.00) on shares of Bar Harbor Bankshares in a report on Monday, January 27th.

Bar Harbor Bankshares Price Performance

NYSEAMERICAN BHB opened at $32.21 on Tuesday. The firm has a market cap of $491.85 million, a P/E ratio of 11.30 and a beta of 0.72. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

Bar Harbor Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.73%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

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.