De Lisle Partners LLP Has $1.32 Million Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

De Lisle Partners LLP grew its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 36.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,686 shares of the financial services provider’s stock after acquiring an additional 11,353 shares during the period. De Lisle Partners LLP’s holdings in Bar Harbor Bankshares were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Bar Harbor Bankshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 769,738 shares of the financial services provider’s stock valued at $20,383,000 after purchasing an additional 11,091 shares during the last quarter. Naples Global Advisors LLC boosted its stake in Bar Harbor Bankshares by 2.1% in the 2nd quarter. Naples Global Advisors LLC now owns 40,706 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 820 shares during the period. Bank of New York Mellon Corp grew its holdings in Bar Harbor Bankshares by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,240 shares of the financial services provider’s stock valued at $2,533,000 after buying an additional 3,202 shares in the last quarter. Bailard Inc. increased its position in Bar Harbor Bankshares by 118.3% during the 2nd quarter. Bailard Inc. now owns 18,821 shares of the financial services provider’s stock worth $506,000 after buying an additional 10,200 shares during the period. Finally, SlateStone Wealth LLC acquired a new stake in shares of Bar Harbor Bankshares during the second quarter worth $201,000. 54.49% of the stock is currently owned by institutional investors.

Bar Harbor Bankshares Price Performance

BHB opened at $35.93 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a 52-week low of $23.26 and a 52-week high of $38.47. The firm has a market cap of $548.65 million, a PE ratio of 13.07 and a beta of 0.67.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The firm had revenue of $58.23 million for the quarter, compared to the consensus estimate of $37.30 million. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. On average, research analysts expect that Bar Harbor Bankshares will post 2.82 earnings per share for the current year.

Bar Harbor Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.34%. Bar Harbor Bankshares’s dividend payout ratio is currently 43.17%.

Analysts Set New Price Targets

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $33.00 target price on shares of Bar Harbor Bankshares in a report on Thursday, September 5th.

Bar Harbor Bankshares Company Profile

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.