The Manufacturers Life Insurance Company Purchases Shares of 372,372 Bar Harbor Bankshares, Inc. $BHB

Posted by Brenda Bartman on Aug 29th, 2026

The Manufacturers Life Insurance Company acquired a new position in shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 372,372 shares of the financial services provider’s stock, valued at approximately $14,061,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Bar Harbor Bankshares during the 2nd quarter worth $61,092,000. Bank of New York Mellon Corp acquired a new stake in shares of Bar Harbor Bankshares in the second quarter valued at about $3,291,000. Trust Co. of Vermont bought a new position in shares of Bar Harbor Bankshares in the second quarter worth about $2,885,000. Focus Partners Wealth increased its stake in shares of Bar Harbor Bankshares by 459.8% in the third quarter. Focus Partners Wealth now owns 90,870 shares of the financial services provider’s stock worth $2,768,000 after purchasing an additional 74,638 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Bar Harbor Bankshares by 52.3% in the first quarter. Renaissance Technologies LLC now owns 184,284 shares of the financial services provider’s stock worth $5,980,000 after purchasing an additional 63,300 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Up 0.4%

Shares of BHB opened at $39.40 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50-day simple moving average of $38.85 and a 200-day simple moving average of $35.73. Bar Harbor Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $41.08. The firm has a market capitalization of $660.74 million, a P/E ratio of 13.31 and a beta of 0.60.

Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Bar Harbor Bankshares had a return on equity of 11.41% and a net margin of 18.46%.The business had revenue of $49.68 million for the quarter, compared to the consensus estimate of $49.32 million. On average, equities research analysts expect that Bar Harbor Bankshares, Inc. will post 3.6 earnings per share for the current year.

Bar Harbor Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, August 20th will be given a $0.34 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.5%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is currently 47.72%.

Analyst Upgrades and Downgrades

BHB has been the topic of several recent analyst reports. Zacks Research downgraded Bar Harbor Bankshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Piper Sandler reissued an “overweight” rating and issued a $44.00 price objective (up from $41.00) on shares of Bar Harbor Bankshares in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bar Harbor Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bar Harbor Bankshares presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Get Our Latest Analysis on BHB

About Bar Harbor Bankshares

(Free Report)

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.