Bank of New York Mellon Corp Sells 2,527 Shares of Bar Harbor Bankshares (BHB)

Bank of New York Mellon Corp reduced its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,379 shares of the financial services provider’s stock after selling 2,527 shares during the period. Bank of New York Mellon Corp owned about 0.57% of Bar Harbor Bankshares worth $2,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Bar Harbor Bankshares by 19.1% during the second quarter. State Street Corp now owns 277,795 shares of the financial services provider’s stock worth $8,560,000 after purchasing an additional 44,622 shares in the last quarter. Swiss National Bank acquired a new stake in Bar Harbor Bankshares in the second quarter valued at $789,000. FMR LLC raised its holdings in Bar Harbor Bankshares by 14.6% in the second quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock valued at $8,419,000 after acquiring an additional 34,813 shares in the last quarter. Menta Capital LLC acquired a new stake in Bar Harbor Bankshares in the second quarter valued at $518,000. Finally, Northern Trust Corp raised its holdings in Bar Harbor Bankshares by 6.9% in the second quarter. Northern Trust Corp now owns 182,879 shares of the financial services provider’s stock valued at $5,636,000 after acquiring an additional 11,736 shares in the last quarter.

Shares of Bar Harbor Bankshares (NYSEAMERICAN BHB) opened at $27.55 on Friday. The stock has a market cap of $416.51, a price-to-earnings ratio of 17.77 and a beta of 0.80. Bar Harbor Bankshares has a twelve month low of $25.09 and a twelve month high of $33.41.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were issued a $0.1867 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.75 annualized dividend and a yield of 2.71%. Bar Harbor Bankshares’s dividend payout ratio is presently 48.39%.

In other Bar Harbor Bankshares news, Director Stephen W. Ensign sold 3,300 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $31.26, for a total transaction of $103,158.00. Following the completion of the sale, the director now owns 50,655 shares in the company, valued at $1,583,475.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen W. Ensign sold 1,100 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $31.02, for a total transaction of $34,122.00. Following the sale, the director now owns 50,655 shares of the company’s stock, valued at approximately $1,571,318.10. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,130 shares of company stock worth $31,506 and sold 5,558 shares worth $172,085.

Separately, TheStreet raised shares of Bar Harbor Bankshares from a “c+” rating to a “b” rating in a report on Monday, October 16th.

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Bar Harbor Bankshares 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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Institutional Ownership by Quarter for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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