John M. Mercier Buys 1,000 Shares of Bar Harbor Bankshares (BHB) Stock
Bar Harbor Bankshares (NYSEAMERICAN:BHB) EVP John M. Mercier bought 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $27.88 per share, for a total transaction of $27,880.00. Following the completion of the acquisition, the executive vice president now owns 1,000 shares of the company’s stock, valued at approximately $27,880. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bar Harbor Bankshares (NYSEAMERICAN:BHB) traded up $0.44 during trading on Wednesday, hitting $27.85. 21,600 shares of the company were exchanged, compared to its average volume of 29,047. Bar Harbor Bankshares has a 52 week low of $25.09 and a 52 week high of $33.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given 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 2.68%. Bar Harbor Bankshares’s payout ratio is currently 48.39%.
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Separately, TheStreet cut shares of Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 11th.
Institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. grew its holdings in shares of Bar Harbor Bankshares by 39.4% in the second quarter. Punch & Associates Investment Management Inc. now owns 263,126 shares of the financial services provider’s stock worth $8,110,000 after purchasing an additional 74,385 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Bar Harbor Bankshares by 10.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 486,886 shares of the financial services provider’s stock valued at $15,006,000 after purchasing an additional 47,441 shares during the period. State Street Corp grew its stake in shares of Bar Harbor Bankshares by 19.1% during the 2nd quarter. State Street Corp now owns 277,795 shares of the financial services provider’s stock valued at $8,560,000 after purchasing an additional 44,622 shares during the period. Vanguard Group Inc. grew its stake in shares of Bar Harbor Bankshares by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 561,631 shares of the financial services provider’s stock valued at $17,309,000 after acquiring an additional 35,079 shares during the period. Finally, FMR LLC grew its stake in shares of Bar Harbor Bankshares by 14.6% during the 2nd quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock valued at $8,419,000 after acquiring an additional 34,813 shares during the period.
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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