Charter Trust Co. Sells 10,761 Shares of Bar Harbor Bankshares (BHB)

Charter Trust Co. lessened its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,926 shares of the financial services provider’s stock after selling 10,761 shares during the quarter. Charter Trust Co.’s holdings in Bar Harbor Bankshares were worth $3,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers grew its holdings in Bar Harbor Bankshares by 52.5% during the second 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 last quarter. Bank of New York Mellon Corp grew its holdings in Bar Harbor Bankshares by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 13,840 shares during the last quarter. Swiss National Bank acquired a new position in Bar Harbor Bankshares during the second quarter valued at approximately $789,000. Wells Fargo & Company MN grew its holdings in Bar Harbor Bankshares by 10.6% during the second quarter. Wells Fargo & Company MN now owns 20,693 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 1,991 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Bar Harbor Bankshares during the second quarter valued at approximately $296,000.

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

In other news, EVP John M. Mercier bought 1,000 shares of Bar Harbor Bankshares stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $27.88 per share, with a total value of $27,880.00. Following the completion of the transaction, the executive vice president now directly owns 1,000 shares in the company, valued at $27,880. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen W. Ensign sold 1,100 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $31.02, for a total value of $34,122.00. Following the completion of the transaction, the director now directly owns 50,655 shares of the company’s stock, valued at $1,571,318.10. The disclosure for this sale can be found here. In the last 90 days, insiders bought 1,130 shares of company stock worth $31,506 and sold 5,558 shares worth $172,085.

Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) traded up $0.07 during trading on Wednesday, hitting $28.10. 24,330 shares of the stock traded hands, compared to its average volume of 26,391. The firm has a market capitalization of $437.79, a P/E ratio of 18.13 and a beta of 0.80. Bar Harbor Bankshares has a twelve month low of $25.09 and a twelve month high of $33.41.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Bar Harbor Bankshares had a net margin of 28.31% and a return on equity of 9.87%.

COPYRIGHT VIOLATION WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2018/01/17/charter-trust-co-sells-10761-shares-of-bar-harbor-bankshares-bhb.html.

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.

Want to see what other hedge funds are holding BHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bar Harbor Bankshares (NYSEAMERICAN:BHB).

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

Receive News & Ratings for Bar Harbor Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bar Harbor Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply