Bar Harbor Bankshares (NYSEAMERICAN:BHB) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,076 shares of the financial services provider’s stock after buying an additional 990 shares during the period. Bank of New York Mellon Corp owned approximately 0.70% of Bar Harbor Bankshares worth $2,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BHB. Dimensional Fund Advisors LP lifted its stake in shares of Bar Harbor Bankshares by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 585,413 shares of the financial services provider’s stock worth $13,131,000 after acquiring an additional 31,252 shares during the period. Rhumbline Advisers lifted its stake in shares of Bar Harbor Bankshares by 2.0% in the 1st quarter. Rhumbline Advisers now owns 22,006 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 425 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in shares of Bar Harbor Bankshares by 1.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 481,237 shares of the financial services provider’s stock worth $12,450,000 after acquiring an additional 7,441 shares during the period. FMR LLC lifted its stake in shares of Bar Harbor Bankshares by 67.4% in the 1st quarter. FMR LLC now owns 251,869 shares of the financial services provider’s stock worth $6,516,000 after acquiring an additional 101,404 shares during the period. Finally, Naples Global Advisors LLC lifted its stake in shares of Bar Harbor Bankshares by 2.9% in the 2nd quarter. Naples Global Advisors LLC now owns 34,270 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 980 shares during the period.

Separately, TheStreet cut shares of Bar Harbor Bankshares from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th.

NYSEAMERICAN:BHB traded up $0.74 during mid-day trading on Friday, hitting $25.67. 30,042 shares of the company’s stock traded hands, compared to its average volume of 24,457. Bar Harbor Bankshares has a 1 year low of $21.24 and a 1 year high of $27.71.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.41 earnings per share for the quarter. The business had revenue of $28.95 million for the quarter.

The company also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, August 12th.

In other news, Director Scott G. Toothaker purchased 5,371 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $116,174.73. Following the completion of the acquisition, the director now directly owns 29,580 shares in the company, valued at approximately $639,815.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 7,067 shares of company stock valued at $155,540.

Bar Harbor Bankshares Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. It offers various deposit products, including interest-bearing and non-interest-bearing demand accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit.

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

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