Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Purchased by BlackRock Inc.

BlackRock Inc. boosted its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 884,536 shares of the financial services provider’s stock after buying an additional 38,100 shares during the quarter. BlackRock Inc. owned approximately 5.69% of Bar Harbor Bankshares worth $23,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in Bar Harbor Bankshares by 2.5% during the second quarter. Swiss National Bank now owns 28,900 shares of the financial services provider’s stock valued at $768,000 after buying an additional 700 shares during the period. Naples Global Advisors LLC grew its position in Bar Harbor Bankshares by 2.9% during the second quarter. Naples Global Advisors LLC now owns 34,270 shares of the financial services provider’s stock valued at $911,000 after buying an additional 980 shares during the period. Bank of New York Mellon Corp grew its position in Bar Harbor Bankshares by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 108,076 shares of the financial services provider’s stock valued at $2,874,000 after buying an additional 990 shares during the period. Aperio Group LLC acquired a new stake in Bar Harbor Bankshares during the second quarter valued at $31,000. Finally, Janney Montgomery Scott LLC grew its position in Bar Harbor Bankshares by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 21,952 shares of the financial services provider’s stock valued at $584,000 after buying an additional 1,209 shares during the period.

Shares of NYSEAMERICAN BHB opened at $25.63 on Tuesday. Bar Harbor Bankshares has a 52-week low of $21.24 and a 52-week high of $27.58.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $28.95 million during the quarter.

Separately, TheStreet lowered shares of Bar Harbor Bankshares from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th.

In related news, Director Scott G. Toothaker bought 5,371 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $21.63 per share, for a total transaction of $116,174.73. Following the completion of the transaction, the director now directly owns 29,580 shares in the company, valued at $639,815.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 7,067 shares of company stock worth $155,540.

Bar Harbor Bankshares Company Profile

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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Institutional Ownership by Quarter for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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