12,790 Shares in Bar Harbor Bankshares (NYSEAMERICAN:BHB) Bought by Creative Planning

Creative Planning bought a new position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in the third quarter, Holdings Channel.com reports. The fund bought 12,790 shares of the financial services provider’s stock, valued at approximately $394,000.

A number of other hedge funds have also bought and sold shares of BHB. American Century Companies Inc. grew its holdings in Bar Harbor Bankshares by 23.7% in the second quarter. American Century Companies Inc. now owns 213,136 shares of the financial services provider’s stock worth $5,729,000 after purchasing an additional 40,891 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bar Harbor Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock worth $23,264,000 after purchasing an additional 24,718 shares during the last quarter. Black Maple Capital Management LP purchased a new position in shares of Bar Harbor Bankshares in the 1st quarter worth approximately $402,000. Vanguard Group Inc. grew its holdings in shares of Bar Harbor Bankshares by 1.5% in the first quarter. Vanguard Group Inc. now owns 769,738 shares of the financial services provider’s stock valued at $20,383,000 after acquiring an additional 11,091 shares in the last quarter. Finally, Bailard Inc. increased its position in shares of Bar Harbor Bankshares by 118.3% during the second quarter. Bailard Inc. now owns 18,821 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 10,200 shares during the last quarter. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN BHB opened at $35.74 on Friday. Bar Harbor Bankshares has a 52-week low of $23.26 and a 52-week high of $38.47. The stock has a market cap of $545.75 million, a P/E ratio of 12.86 and a beta of 0.67. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.00 and a quick ratio of 1.00.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.12. Bar Harbor Bankshares had a return on equity of 9.80% and a net margin of 18.99%. The business had revenue of $58.23 million during the quarter, compared to analyst estimates of $37.30 million. As a group, analysts anticipate that Bar Harbor Bankshares will post 2.82 earnings per share for the current year.

Bar Harbor Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is currently 43.17%.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Company 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.