Insider Selling: Bar Harbor Bankshares, Inc. (BHB) Director Sells 1,000 Shares of Stock
Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) Director Stephen R. Theroux sold 1,000 shares of Bar Harbor Bankshares stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $29.83, for a total transaction of $29,830.00. Following the transaction, the director now owns 34,868 shares in the company, valued at approximately $1,040,112.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of BHB traded down $0.25 during trading hours on Friday, reaching $29.52. 19,279 shares of the stock traded hands, compared to its average volume of 30,844. Bar Harbor Bankshares, Inc. has a 52-week low of $25.09 and a 52-week high of $32.94.
Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.58 earnings per share for the quarter. Bar Harbor Bankshares had a net margin of 35.35% and a return on equity of 12.02%. The company had revenue of $30.01 million for the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Bar Harbor Bankshares by 96.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,745 shares of the financial services provider’s stock valued at $1,278,000 after acquiring an additional 20,052 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Bar Harbor Bankshares by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 101,040 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 13,661 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Bar Harbor Bankshares in the 4th quarter valued at $758,000. BlackRock Inc. increased its holdings in Bar Harbor Bankshares by 1.6% in the 4th quarter. BlackRock Inc. now owns 804,674 shares of the financial services provider’s stock valued at $21,734,000 after acquiring an additional 12,528 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Bar Harbor Bankshares by 22.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 30,459 shares of the financial services provider’s stock valued at $823,000 after acquiring an additional 5,502 shares during the last quarter.
About Bar Harbor Bankshares
Bar Harbor Bankshares operates as a bank 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, NOW accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit.
Receive News & Ratings for Bar Harbor Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bar Harbor Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.