Menta Capital LLC bought a new stake in shares of Bar Harbor Bankshares (NYSE:BHB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,822 shares of the financial services provider’s stock, valued at approximately $518,000. Menta Capital LLC owned about 0.11% of Bar Harbor Bankshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Bar Harbor Bankshares by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 808 shares during the last quarter. Foundry Partners LLC increased its position in shares of Bar Harbor Bankshares by 48.2% during the 2nd 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. Morgan Dempsey Capital Management LLC increased its position in shares of Bar Harbor Bankshares by 96.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 14,162 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Bar Harbor Bankshares by 11.0% during the 2nd quarter. Teachers Advisors LLC now owns 26,863 shares of the financial services provider’s stock valued at $828,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Bar Harbor Bankshares during the 2nd quarter valued at approximately $296,000.

Separately, TheStreet downgraded Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 11th.

In related news, Director Stephen R. Theroux purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average price of $26.18 per share, with a total value of $26,180.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen R. Theroux purchased 2,545 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was bought 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 ninety days, insiders purchased 5,985 shares of company stock valued at $158,153.

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Bar Harbor Bankshares (BHB) opened at 31.36 on Friday. The company has a market cap of $483.57 million and a P/E ratio of 22.32. The stock’s 50 day moving average price is $26.70 and its 200 day moving average price is $30.43. Bar Harbor Bankshares has a 52-week low of $25.09 and a 52-week high of $49.87.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 15th were issued a $0.1867 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.75 annualized dividend and a dividend yield of 2.38%.

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.

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

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