Bar Harbor Bankshares (NYSE:BHB) Director Stephen W. Ensign sold 3,300 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $31.26, for a total transaction of $103,158.00. Following the sale, the director now directly owns 50,655 shares in the company, valued at $1,583,475.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Bar Harbor Bankshares (NYSE:BHB) traded down 0.46% during midday trading on Tuesday, hitting $29.99. 12,491 shares of the company’s stock traded hands. The company has a 50 day moving average of $30.42 and a 200-day moving average of $29.34. Bar Harbor Bankshares has a 52 week low of $24.19 and a 52 week high of $33.41. The company has a market capitalization of $462.45 million and a PE ratio of 21.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.1867 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.75 annualized dividend and a yield of 2.48%.
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Separately, TheStreet cut shares of Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research note on Friday, August 11th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in Bar Harbor Bankshares by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock worth $359,000 after buying an additional 808 shares during the period. Goldman Sachs Group Inc. raised its holdings in Bar Harbor Bankshares by 5.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 25,386 shares of the financial services provider’s stock worth $782,000 after buying an additional 1,230 shares during the period. Wells Fargo & Company MN raised its holdings in Bar Harbor Bankshares by 10.6% during the 2nd quarter. Wells Fargo & Company MN now owns 20,693 shares of the financial services provider’s stock worth $638,000 after buying an additional 1,991 shares during the period. Teachers Advisors LLC raised its holdings in Bar Harbor Bankshares by 11.0% during the 2nd quarter. Teachers Advisors LLC now owns 26,863 shares of the financial services provider’s stock worth $828,000 after buying an additional 2,659 shares during the period. Finally, Rhumbline Advisers raised its holdings in Bar Harbor Bankshares by 52.5% during the 2nd quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock worth $507,000 after buying an additional 5,667 shares during the period.
About Bar Harbor Bankshares
Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.
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