3,500 Shares in Bar Harbor Bankshares (NYSEAMERICAN:BHB) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,500 shares of the financial services provider’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHB. Steward Partners Investment Advisory LLC grew its stake in shares of Bar Harbor Bankshares by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider’s stock valued at $87,000 after buying an additional 576 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Bar Harbor Bankshares in the fourth quarter worth approximately $151,000. New York State Common Retirement Fund increased its stake in shares of Bar Harbor Bankshares by 40.4% during the 4th quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,500 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Bar Harbor Bankshares during the 3rd quarter worth $203,000. Finally, Intech Investment Management LLC bought a new position in shares of Bar Harbor Bankshares during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BHB shares. Keefe, Bruyette & Woods increased their target price on shares of Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th. StockNews.com started coverage on Bar Harbor Bankshares in a report on Monday. They set a “hold” rating on the stock.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN:BHB opened at $27.37 on Friday. The firm has a market capitalization of $417.94 million, a PE ratio of 9.60 and a beta of 0.72. Bar Harbor Bankshares has a 1 year low of $23.26 and a 1 year high of $38.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $30.80 and its 200 day simple moving average is $31.44.

Bar Harbor Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.38%. Bar Harbor Bankshares’s payout ratio is presently 42.11%.

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.