De Lisle Partners LLP Purchases New Position in Bar Harbor Bankshares, Inc. $BHB

De Lisle Partners LLP acquired a new position in Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHBFree Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 32,738 shares of the financial services provider’s stock, valued at approximately $1,236,000.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Bar Harbor Bankshares during the 3rd quarter valued at $38,000. Clearstead Advisors LLC lifted its position in shares of Bar Harbor Bankshares by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,384 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 911 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Bar Harbor Bankshares in the fourth quarter worth $48,000. CWM LLC boosted its holdings in shares of Bar Harbor Bankshares by 52.9% in the fourth quarter. CWM LLC now owns 1,778 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 615 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Bar Harbor Bankshares in the first quarter valued at $73,000. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BHB. Keefe, Bruyette & Woods boosted their price objective 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. Zacks Research downgraded Bar Harbor Bankshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $44.00 target price (up from $41.00) on shares of Bar Harbor Bankshares in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bar Harbor Bankshares currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Read Our Latest Research Report on Bar Harbor Bankshares

Bar Harbor Bankshares Stock Performance

Bar Harbor Bankshares stock opened at $39.65 on Friday. The firm’s 50 day simple moving average is $38.54 and its 200 day simple moving average is $35.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $664.93 million, a PE ratio of 13.40 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.

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

Bar Harbor Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, August 20th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, August 20th. Bar Harbor Bankshares’s dividend payout ratio (DPR) is 47.72%.

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.

See Also

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

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