Stephen R. Theroux Buys 2,545 Shares of Bar Harbor Bankshares (BHB) Stock

Bar Harbor Bankshares (NYSE:BHB) Director Stephen R. Theroux purchased 2,545 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $25.73 per share, with a total value of $65,482.85. The purchase was disclosed in a filing with the SEC, which is available through this link.

Bar Harbor Bankshares (BHB) opened at 26.19 on Friday. Bar Harbor Bankshares has a 12 month low of $25.09 and a 12 month high of $49.87. The stock has a market cap of $403.85 million and a PE ratio of 18.64. The firm has a 50-day moving average of $26.84 and a 200 day moving average of $31.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a $0.1867 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, August 11th.

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Several institutional investors have recently added to or reduced their stakes in BHB. Janney Montgomery Scott LLC increased its position in shares of Bar Harbor Bankshares by 7.5% in the second quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 808 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of Bar Harbor Bankshares by 96.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock worth $889,000 after acquiring an additional 14,162 shares in the last quarter. Foundry Partners LLC increased its position in shares of Bar Harbor Bankshares by 48.2% in the second quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock worth $2,798,000 after acquiring an additional 29,538 shares in the last quarter. Rhumbline Advisers increased its position in shares of Bar Harbor Bankshares by 52.5% in the second quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 5,667 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Bar Harbor Bankshares by 18.2% in the second quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock worth $2,771,000 after acquiring an additional 13,840 shares in the last quarter.

Separately, TheStreet cut shares of Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 11th.

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.

Insider Buying and Selling by Quarter for Bar Harbor Bankshares (NYSE:BHB)

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