Bar Harbor Bankshares, Inc. $BHB Stock Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 892,121 shares of the financial services provider’s stock after acquiring an additional 16,153 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Bar Harbor Bankshares worth $28,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BHB. Royal Bank of Canada grew its position in Bar Harbor Bankshares by 11.1% in the 1st quarter. Royal Bank of Canada now owns 50,501 shares of the financial services provider’s stock valued at $1,490,000 after buying an additional 5,036 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Bar Harbor Bankshares by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 10,964 shares of the financial services provider’s stock worth $323,000 after buying an additional 2,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bar Harbor Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,945 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC lifted its stake in shares of Bar Harbor Bankshares by 8.2% in the 1st quarter. Empowered Funds LLC now owns 49,544 shares of the financial services provider’s stock worth $1,462,000 after acquiring an additional 3,754 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Bar Harbor Bankshares in the first quarter valued at approximately $522,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Trading Down 0.5%

Shares of NYSEAMERICAN:BHB opened at $40.54 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $678.64 million, a price-to-earnings ratio of 13.70 and a beta of 0.60. Bar Harbor Bankshares, Inc. has a 1-year low of $28.11 and a 1-year high of $41.08. The company has a 50 day moving average price of $37.50 and a 200 day moving average price of $35.04.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Bar Harbor Bankshares had a return on equity of 11.51% and a net margin of 18.46%.The company had revenue of $49.68 million during the quarter, compared to the consensus estimate of $49.32 million. On average, research analysts anticipate that Bar Harbor Bankshares, Inc. will post 3.6 EPS for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.4%. Bar Harbor Bankshares’s payout ratio is 47.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BHB shares. Zacks Research lowered shares of Bar Harbor Bankshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Piper Sandler restated an “overweight” rating and issued a $44.00 target price (up from $41.00) on shares of Bar Harbor Bankshares in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods increased their price target on Bar Harbor Bankshares from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.