Key Points
- David Colter, a Bar Harbor Bankshares director, bought 500 shares at $32.54 on March 2, raising his holding to 12,687 shares (a 4.10% increase) and disclosing the purchase in an SEC filing.
- Multiple institutional investors (including Royal Bank of Canada, AQR, MIRAE Asset, Empowered Funds and Jane Street) increased or initiated stakes, leaving about 54.49% of the stock held by institutions; BHB trades near $33 with a market cap of $551M and a P/E of 14.36.
Bar Harbor Bankshares (NYSE:BHB - Get Free Report) Director David Colter purchased 500 shares of Bar Harbor Bankshares stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $32.54 per share, with a total value of $16,270.00. Following the transaction, the director owned 12,687 shares in the company, valued at approximately $412,834.98. The trade was a 4.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bar Harbor Bankshares Trading Down 0.2%
BHB stock opened at $33.02 on Wednesday. Bar Harbor Bankshares has a 12-month low of $26.43 and a 12-month high of $36.05. The stock has a market cap of $551.07 million, a price-to-earnings ratio of 14.36 and a beta of 0.65. The business's 50-day moving average is $33.26 and its 200 day moving average is $31.66.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Bar Harbor Bankshares by 11.1% in the 1st quarter. Royal Bank of Canada now owns 50,501 shares of the company's stock valued at $1,490,000 after purchasing an additional 5,036 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Bar Harbor Bankshares by 36.6% in the first quarter. AQR Capital Management LLC now owns 10,964 shares of the company's stock worth $323,000 after buying an additional 2,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bar Harbor Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,945 shares of the company's stock worth $264,000 after acquiring an additional 390 shares during the last quarter. Empowered Funds LLC grew its stake in Bar Harbor Bankshares by 8.2% during the 1st quarter. Empowered Funds LLC now owns 49,544 shares of the company's stock valued at $1,462,000 after acquiring an additional 3,754 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Bar Harbor Bankshares in the 1st quarter valued at about $522,000. 54.49% of the stock is owned by institutional investors and hedge funds.
Bar Harbor Bankshares Company Profile
(
Get Free Report)
Bar Harbor Bankshares, Inc is a bank holding company headquartered in Bar Harbor, Maine, operating through its wholly owned subsidiary, Bar Harbor Bank & Trust. The company offers a comprehensive suite of commercial and consumer banking services, including checking and savings accounts, certificates of deposit, and digital banking capabilities. It serves individuals, small businesses, and corporate clients across its footprint in Maine and New Hampshire, with a network of full-service branch offices and lending centers.
In addition to traditional deposit and loan products, Bar Harbor Bankshares provides specialized financial services such as mortgage lending, commercial real estate financing, equipment loans, and lines of credit tailored to the needs of local businesses.
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