Bar Harbor Bankshares (NYSE:BHB) EVP John M. Mercier purchased 1,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $27.88 per share, with a total value of $27,880.00. Following the purchase, the executive vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $27,880. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Bar Harbor Bankshares (BHB) opened at $27.60 on Tuesday. Bar Harbor Bankshares has a 12 month low of $25.09 and a 12 month high of $33.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.1867 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Tuesday, November 14th.
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Separately, TheStreet raised shares of Bar Harbor Bankshares from a “c+” rating to a “b” rating in a research note on Monday, October 16th.
A number of large investors have recently modified their holdings of BHB. Punch & Associates Investment Management Inc. raised its stake in 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 buying an additional 74,385 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Bar Harbor Bankshares by 10.8% in the second quarter. The Manufacturers Life Insurance Company now owns 486,886 shares of the financial services provider’s stock worth $15,006,000 after buying an additional 47,441 shares in the last quarter. State Street Corp raised its stake in Bar Harbor Bankshares by 19.1% in the second quarter. State Street Corp now owns 277,795 shares of the financial services provider’s stock worth $8,560,000 after buying an additional 44,622 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 worth $17,309,000 after buying an additional 35,079 shares in the last quarter. Finally, FMR LLC raised its stake in Bar Harbor Bankshares by 14.6% in the second quarter. FMR LLC now owns 273,158 shares of the financial services provider’s stock worth $8,419,000 after buying an additional 34,813 shares in the last quarter.
About Bar Harbor Bankshares
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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