Bar Harbor Bankshares (NYSEAMERICAN:BHB) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 79,400 shares, a decrease of 13.2% from the January 15th total of 91,500 shares. Based on an average daily volume of 27,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.5% of the company’s shares are sold short.
Several large investors have recently added to or reduced their stakes in BHB. State Street Corp lifted its stake in Bar Harbor Bankshares by 2.1% in the third quarter. State Street Corp now owns 372,894 shares of the financial services provider’s stock worth $9,296,000 after acquiring an additional 7,507 shares during the period. Millennium Management LLC purchased a new stake in Bar Harbor Bankshares in the third quarter worth $217,000. Means Investment CO. Inc. lifted its stake in Bar Harbor Bankshares by 90.0% in the fourth quarter. Means Investment CO. Inc. now owns 96,688 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 45,796 shares during the period. First Trust Advisors LP lifted its stake in Bar Harbor Bankshares by 25.5% in the third quarter. First Trust Advisors LP now owns 35,267 shares of the financial services provider’s stock worth $879,000 after acquiring an additional 7,159 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in Bar Harbor Bankshares in the second quarter worth $231,000.
NYSEAMERICAN:BHB opened at $22.82 on Friday. Bar Harbor Bankshares has a fifty-two week low of $21.24 and a fifty-two week high of $27.58.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, February 14th.
About Bar Harbor Bankshares
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. It offers various deposit products, including interest-bearing and non-interest-bearing demand accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit.
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