Naples Global Advisors LLC Sells 412 Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Naples Global Advisors LLC lessened its stake in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,594 shares of the financial services provider’s stock after selling 412 shares during the period. Naples Global Advisors LLC owned about 0.26% of Bar Harbor Bankshares worth $1,211,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Trust Co. of Vermont grew its holdings in Bar Harbor Bankshares by 561.1% during the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock worth $1,206,000 after acquiring an additional 33,478 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock worth $1,570,000 after purchasing an additional 22,212 shares during the period. State Street Corp boosted its stake in shares of Bar Harbor Bankshares by 5.6% during the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after purchasing an additional 19,118 shares in the last quarter. Barclays PLC increased its holdings in Bar Harbor Bankshares by 50.0% during the third quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock valued at $1,533,000 after buying an additional 16,579 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Bar Harbor Bankshares by 196.1% in the third quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider’s stock worth $710,000 after buying an additional 15,245 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Trading Up 1.1 %

Shares of Bar Harbor Bankshares stock opened at $32.93 on Friday. The stock has a market capitalization of $502.84 million, a price-to-earnings ratio of 11.55 and a beta of 0.72. Bar Harbor Bankshares has a one year low of $23.26 and a one year 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.

Bar Harbor Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

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

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.