HM Payson & Co. trimmed its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 50.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,166 shares of the financial services provider’s stock after selling 15,350 shares during the period. HM Payson & Co. owned 0.10% of Bar Harbor Bankshares worth $459,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royce & Associates LP boosted its holdings in shares of Bar Harbor Bankshares by 226.7% in the second quarter. Royce & Associates LP now owns 276,525 shares of the financial services provider’s stock valued at $8,376,000 after buying an additional 191,876 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bar Harbor Bankshares by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 528,779 shares of the financial services provider’s stock worth $16,017,000 after purchasing an additional 36,557 shares during the last quarter. BlackRock Inc. boosted its holdings in Bar Harbor Bankshares by 4.2% during the second quarter. BlackRock Inc. now owns 836,417 shares of the financial services provider’s stock worth $25,335,000 after purchasing an additional 33,341 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Bar Harbor Bankshares by 10.2% during the second quarter. Renaissance Technologies LLC now owns 248,296 shares of the financial services provider’s stock worth $7,521,000 after purchasing an additional 22,950 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Bar Harbor Bankshares by 3.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 500,139 shares of the financial services provider’s stock worth $13,864,000 after purchasing an additional 18,618 shares during the last quarter.
In other Bar Harbor Bankshares news, Director Stephen R. Theroux sold 1,200 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $29.30, for a total transaction of $35,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 140 shares of company stock worth $4,064 over the last quarter.
BHB traded down $1.51 during trading hours on Friday, hitting $25.80. 24,058 shares of the company’s stock were exchanged, compared to its average volume of 26,078. Bar Harbor Bankshares has a 1-year low of $25.59 and a 1-year high of $32.48.
Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $30.11 million for the quarter. Bar Harbor Bankshares had a net margin of 35.35% and a return on equity of 12.02%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.10%.
Bar Harbor Bankshares Company Profile
Bar Harbor Bankshares operates as a bank holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. It offers various deposit products, including interest-bearing and non-interest-bearing demand accounts, NOW accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit.
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