Stephen R. Theroux Sells 355 Shares of Bar Harbor Bankshares (BHB) Stock

Bar Harbor Bankshares (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 355 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $28.94, for a total value of $10,273.70. Following the completion of the sale, the director now directly owns 34,868 shares of the company’s stock, valued at $1,009,079.92. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) traded down $0.04 during mid-day trading on Tuesday, reaching $29.96. The company’s stock had a trading volume of 23,600 shares, compared to its average volume of 29,039. Bar Harbor Bankshares has a 12 month low of $25.09 and a 12 month high of $33.41.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were given a $0.1867 dividend. This represents a $0.75 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Tuesday, November 14th. Bar Harbor Bankshares’s payout ratio is currently 48.39%.

A number of hedge funds have recently modified their holdings of BHB. JPMorgan Chase & Co. acquired a new position in shares of Bar Harbor Bankshares during the 3rd quarter valued at about $144,000. Alpine Woods Capital Investors LLC bought a new stake in Bar Harbor Bankshares during the 3rd quarter valued at approximately $220,000. Alliancebernstein L.P. bought a new stake in Bar Harbor Bankshares during the 2nd quarter valued at approximately $296,000. Janney Montgomery Scott LLC boosted its stake in Bar Harbor Bankshares by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 808 shares during the period. Finally, Rhumbline Advisers boosted its stake in Bar Harbor Bankshares by 52.5% during the 2nd quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 5,667 shares during the period.

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

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About Bar Harbor Bankshares

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 (NYSEAMERICAN:BHB)

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