Stephen R. Theroux Sells 803 Shares of Bar Harbor Bankshares …

Posted by on Dec 4, 2017 in Local News | Comments Off on Stephen R. Theroux Sells 803 Shares of Bar Harbor Bankshares …

Bar Harbor Bankshares (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 803 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.55, for a total value of $24,531.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) traded down $0.40 during mid-day trading on Friday, hitting $28.11. The company’s stock had a trading volume of 20,403 shares, compared to its average volume of 23,829. Bar Harbor Bankshares has a 52 week low of $25.09 and a 52 week high of $33.41.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.1867 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.66%. Bar Harbor Bankshares’s dividend payout ratio is currently 48.39%.

Several hedge funds have recently made changes to their positions in BHB. Punch Associates Investment Management Inc. lifted its position in shares of Bar Harbor Bankshares by 39.4% in the 2nd quarter. Punch Associates Investment Management Inc. now owns 263,126 shares of the financial services provider’s stock worth $8,110,000 after acquiring an additional 74,385 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Bar Harbor Bankshares by 10.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 486,886 shares of the financial services provider’s stock worth $15,006,000 after acquiring an additional 47,441 shares during the period. State Street Corp raised its holdings in shares of Bar Harbor Bankshares by 19.1% in the 2nd quarter. State Street Corp now owns 277,795 shares of the financial services provider’s stock worth $8,560,000 after buying an additional 44,622 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Bar Harbor Bankshares by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 561,631 shares of the financial services provider’s stock worth $17,309,000 after buying an additional 35,079 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Bar Harbor Bankshares by 14.6% in the 2nd quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock worth $8,419,000 after buying an additional 34,813 shares in the last quarter.

Separately, TheStreet upgraded Bar Harbor Bankshares from a “c+” rating to a “b” rating in a research note on Monday, October 16th.

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Bar Harbor Bankshares Company Profile

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.

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