Prosperity Consulting Group LLC Has $300,000 Stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Prosperity Consulting Group LLC reduced its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,822 shares of the financial services provider’s stock after selling 437 shares during the period. Prosperity Consulting Group LLC’s holdings in Bar Harbor Bankshares were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BHB. Steward Partners Investment Advisory LLC increased its holdings in Bar Harbor Bankshares by 25.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider’s stock worth $87,000 after buying an additional 576 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at about $107,000. Hager Investment Management Services LLC bought a new stake in Bar Harbor Bankshares during the fourth quarter worth about $151,000. New York State Common Retirement Fund lifted its position in Bar Harbor Bankshares by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,500 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Bar Harbor Bankshares during the fourth quarter worth about $212,000. 54.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHB has been the subject of several research analyst reports. StockNews.com initiated coverage on Bar Harbor Bankshares in a research note on Saturday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lowered their price objective on Bar Harbor Bankshares from $35.00 to $33.00 and set a “market perform” rating for the company in a research note on Monday, April 21st.

Bar Harbor Bankshares Price Performance

BHB stock opened at $29.26 on Tuesday. The firm has a market cap of $446.80 million, a price-to-earnings ratio of 10.27 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a 12-month low of $24.48 and a 12-month high of $38.47. The company’s fifty day simple moving average is $30.02 and its 200 day simple moving average is $31.31.

Bar Harbor Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.37%. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.30. Bar Harbor Bankshares’s dividend payout ratio is currently 42.11%.

About Bar Harbor Bankshares

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.