Foundry Partners LLC Has $2.80 Million Stock Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Foundry Partners LLC decreased its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,255 shares of the financial services provider’s stock after selling 1,755 shares during the period. Foundry Partners LLC owned about 0.63% of Bar Harbor Bankshares worth $2,797,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BHB. Bailard Inc. acquired a new position in Bar Harbor Bankshares in the 3rd quarter valued at approximately $395,000. J.W. Cole Advisors Inc. acquired a new position in Bar Harbor Bankshares in the 4th quarter valued at approximately $435,000. Brendel Financial Advisors LLC acquired a new position in Bar Harbor Bankshares in the 4th quarter valued at approximately $371,000. Vanguard Group Inc. raised its holdings in shares of Bar Harbor Bankshares by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 734,214 shares of the financial services provider’s stock worth $17,349,000 after buying an additional 9,802 shares in the last quarter. Finally, Sky Investment Group LLC acquired a new position in shares of Bar Harbor Bankshares in the 4th quarter worth approximately $238,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TheStreet cut Bar Harbor Bankshares from a “b” rating to a “c+” rating in a report on Monday, March 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $28.00 target price (down from $29.00) on shares of Bar Harbor Bankshares in a report on Monday.

Bar Harbor Bankshares Price Performance

Shares of BHB opened at $25.48 on Tuesday. Bar Harbor Bankshares has a 1 year low of $19.55 and a 1 year high of $30.37. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $387.04 million, a PE ratio of 9.17 and a beta of 0.74.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $37.64 million for the quarter, compared to analyst estimates of $37.40 million. Bar Harbor Bankshares had a return on equity of 10.17% and a net margin of 19.51%. As a group, research analysts forecast that Bar Harbor Bankshares will post 2.75 earnings per share for the current year.

Bar Harbor Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.22. This represents a $1.20 dividend on an annualized basis and a yield of 4.71%. Bar Harbor Bankshares’s dividend payout ratio is 40.73%.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.