Bar Harbor Bankshares (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 355 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.94, for a total transaction of $10,273.70. Following the transaction, the director now directly owns 34,868 shares of the company’s stock, valued at approximately $1,009,079.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Bar Harbor Bankshares (BHB) traded down $0.81 on Wednesday, hitting $29.15. 16,700 shares of the company traded hands, compared to its average volume of 28,988. Bar Harbor Bankshares has a 12 month low of $25.09 and a 12 month high of $33.41.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were issued a $0.1867 dividend. This represents a $0.75 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, November 14th. Bar Harbor Bankshares’s dividend payout ratio is currently 48.39%.
A number of hedge funds have recently modified their holdings of BHB. JPMorgan Chase & Co. purchased a new position in shares of Bar Harbor Bankshares during the 3rd quarter worth $144,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Bar Harbor Bankshares during the 3rd quarter worth $220,000. Alliancebernstein L.P. purchased a new position in shares of Bar Harbor Bankshares during the 2nd quarter worth $296,000. Janney Montgomery Scott LLC boosted its stake in shares of 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 acquiring an additional 808 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of 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 acquiring an additional 5,667 shares during the last quarter.
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Bar Harbor Bankshares Company Profile
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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