Bar Harbor Bankshares (NYSEAMERICAN:BHB) Reaches New 12-Month High at $32.95

Bar Harbor Bankshares (NYSEAMERICAN:BHB) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.95 and last traded at $32.86, with a volume of 21713 shares traded. The stock had previously closed at $31.93.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $28.00 target price (down from $29.00) on shares of Bar Harbor Bankshares in a research note on Monday, April 22nd.

Bar Harbor Bankshares Stock Up 3.1 %

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $499.09 million, a P/E ratio of 11.92 and a beta of 0.70.

Bar Harbor Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Bar Harbor Bankshares’s payout ratio is 43.64%.

Insider Transactions at Bar Harbor Bankshares

In other Bar Harbor Bankshares news, Director Scott G. Toothaker purchased 4,476 shares of Bar Harbor Bankshares stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average price of $25.82 per share, with a total value of $115,570.32. Following the acquisition, the director now owns 45,000 shares of the company’s stock, valued at approximately $1,161,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 5,466 shares of company stock worth $140,534 over the last quarter. 2.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bar Harbor Bankshares

Hedge funds have recently made changes to their positions in the company. Camden National Bank acquired a new position in shares of Bar Harbor Bankshares during the fourth quarter valued at approximately $203,000. First Bancorp Inc ME acquired a new position in shares of Bar Harbor Bankshares during the fourth quarter valued at approximately $209,000. BNP Paribas Financial Markets raised its holdings in shares of Bar Harbor Bankshares by 91.1% during the first quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 3,429 shares during the last quarter. SlateStone Wealth LLC acquired a new position in shares of Bar Harbor Bankshares during the fourth quarter valued at approximately $220,000. Finally, Congress Wealth Management LLC DE purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.