Congress Wealth Management LLC DE Has $471,000 Stake in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Congress Wealth Management LLC DE grew its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 93.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,406 shares of the financial services provider’s stock after acquiring an additional 7,445 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Bar Harbor Bankshares were worth $471,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BHB. State Street Corp boosted its stake in Bar Harbor Bankshares by 5.6% during the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after acquiring an additional 19,118 shares in the last quarter. Barclays PLC boosted its position in shares of Bar Harbor Bankshares by 50.0% during the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after purchasing an additional 16,579 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Bar Harbor Bankshares by 561.1% in the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 33,478 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Bar Harbor Bankshares in the 4th quarter valued at about $242,000. Finally, JPMorgan Chase & Co. raised its stake in Bar Harbor Bankshares by 77.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 22,212 shares during the period. 54.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on Bar Harbor Bankshares from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, March 17th.

Bar Harbor Bankshares Trading Down 2.9 %

Bar Harbor Bankshares stock opened at $29.75 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day simple moving average of $31.23. The company has a market capitalization of $454.28 million, a price-to-earnings ratio of 10.44 and a beta of 0.72. Bar Harbor Bankshares has a 1-year low of $23.26 and a 1-year high of $38.47.

Bar Harbor Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 20th. Bar Harbor Bankshares’s dividend payout ratio is currently 42.11%.

Bar Harbor Bankshares Profile

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.