Dimensional Fund Advisors LP Decreases Stake in Bar Harbor Bankshares (BHB)
Dimensional Fund Advisors LP lessened its position in Bar Harbor Bankshares (NYSE:BHB) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 419,396 shares of the financial services provider’s stock after selling 28,454 shares during the quarter. Dimensional Fund Advisors LP owned about 2.72% of Bar Harbor Bankshares worth $12,926,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Bar Harbor Bankshares by 6.7% in the second quarter. Vanguard Group Inc. now owns 561,631 shares of the financial services provider’s stock valued at $17,309,000 after purchasing an additional 35,079 shares during the last quarter. FMR LLC increased its holdings in shares of Bar Harbor Bankshares by 14.6% in the second quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock valued at $8,419,000 after purchasing an additional 34,813 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Bar Harbor Bankshares by 6.9% in the second quarter. Northern Trust Corp now owns 182,879 shares of the financial services provider’s stock valued at $5,636,000 after purchasing an additional 11,736 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of Bar Harbor Bankshares by 48.2% in the second quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock valued at $2,798,000 after purchasing an additional 29,538 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bar Harbor Bankshares by 18.2% in 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.
Separately, TheStreet raised Bar Harbor Bankshares from a “c+” rating to a “b” rating in a report on Monday, October 16th.
In other Bar Harbor Bankshares news, EVP John M. Mercier bought 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $27.88 per share, with a total value of $27,880.00. Following the completion of the purchase, the executive vice president now directly owns 1,000 shares in the company, valued at $27,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen R. Theroux bought 2,545 shares of the business’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $25.73 per share, with a total value of $65,482.85. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 6,975 shares of company stock valued at $185,782.
Shares of Bar Harbor Bankshares (NYSE BHB) opened at $27.60 on Tuesday. Bar Harbor Bankshares has a fifty-two week low of $24.96 and a fifty-two week high of $33.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.1867 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.75 annualized dividend and a yield of 2.71%.
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Bar Harbor Bankshares 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.
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