Bar Harbor Bankshares (BHB) Stake Lowered by HM Payson & Co.
HM Payson & Co. cut its position in Bar Harbor Bankshares (NYSE:BHB) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,616 shares of the financial services provider’s stock after selling 1 shares during the period. HM Payson & Co. owned about 0.20% of Bar Harbor Bankshares worth $944,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Bar Harbor Bankshares by 18.2% in the second quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock worth $2,771,000 after buying an additional 13,840 shares in the last quarter. Rhumbline Advisers raised its position in Bar Harbor Bankshares by 52.5% in the second 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 in the last quarter. Foundry Partners LLC raised its position in Bar Harbor Bankshares by 48.2% in the second quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 29,538 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in Bar Harbor Bankshares by 96.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock worth $889,000 after buying an additional 14,162 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Bar Harbor Bankshares by 7.5% in the second 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 in the last quarter.
Shares of Bar Harbor Bankshares (BHB) opened at 26.34 on Friday. The company has a market capitalization of $406.16 million and a P/E ratio of 18.75. The firm has a 50-day moving average price of $28.35 and a 200-day moving average price of $32.98. Bar Harbor Bankshares has a one year low of $25.37 and a one year high of $49.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.1867 per share. This represents a $0.75 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, August 11th.
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Separately, TheStreet downgraded Bar Harbor Bankshares from a “b” rating to a “c+” rating in a report on Friday, August 11th.
In related news, Director Stephen R. Theroux sold 1,088 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $30.89, for a total transaction of $33,608.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory W. Dalton sold 1,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the insider now owns 13,332 shares of the company’s stock, valued at $399,960. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 40 shares of company stock valued at $1,154 and have sold 6,247 shares valued at $185,550.
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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