Polaris Capital Management LLC Boosts Stock Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Polaris Capital Management LLC grew its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the financial services provider’s stock after purchasing an additional 6,600 shares during the period. Polaris Capital Management LLC’s holdings in Bar Harbor Bankshares were worth $1,529,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in Bar Harbor Bankshares in the 4th quarter worth approximately $151,000. Janus Henderson Group PLC purchased a new position in Bar Harbor Bankshares during the third quarter valued at $203,000. Camden National Bank purchased a new position in Bar Harbor Bankshares during the third quarter valued at $214,000. Moors & Cabot Inc. purchased a new position in Bar Harbor Bankshares in the 3rd quarter worth approximately $214,000. Finally, Sky Investment Group LLC bought a new position in Bar Harbor Bankshares during the third quarter valued at approximately $216,000. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Price Performance

Shares of BHB opened at $32.21 on Tuesday. The firm has a market cap of $491.85 million, a PE ratio of 11.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. Bar Harbor Bankshares has a 1-year low of $23.26 and a 1-year high of $38.47.

Bar Harbor Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Bar Harbor Bankshares’s payout ratio is 42.11%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $35.00 price objective (up from $34.00) on shares of Bar Harbor Bankshares in a research note on Monday, January 27th.

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.