Franklin Resources Inc. cut its position in Bar Harbor Bankshares (NYSE:BHB) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,000 shares of the financial services provider’s stock after selling 22,550 shares during the period. Franklin Resources Inc. owned 1.80% of Bar Harbor Bankshares worth $8,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of Bar Harbor Bankshares by 7.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 808 shares during the last quarter. Rhumbline Advisers increased its position in shares of Bar Harbor Bankshares by 52.5% in the 2nd quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 5,667 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Bar Harbor Bankshares by 18.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 13,840 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of Bar Harbor Bankshares by 96.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 14,162 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in shares of Bar Harbor Bankshares in the 2nd quarter valued at approximately $789,000.

In related news, Director Stephen R. Theroux purchased 2,410 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $27.23 per share, for a total transaction of $65,624.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen R. Theroux purchased 2,545 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average price of $25.73 per share, with a total value of $65,482.85. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 5,985 shares of company stock valued at $158,153.

Shares of Bar Harbor Bankshares (NYSE BHB) opened at 29.75 on Monday. Bar Harbor Bankshares has a 12 month low of $25.09 and a 12 month high of $49.87. The firm has a 50 day moving average of $26.70 and a 200-day moving average of $30.43. The stock has a market capitalization of $458.75 million and a P/E ratio of 21.17.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 15th were paid a $0.1867 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.51%.

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Separately, TheStreet downgraded shares of Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 11th.

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.

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

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