Morgan Dempsey Capital Management LLC Decreases Position in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Morgan Dempsey Capital Management LLC cut its holdings in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,256 shares of the financial services provider’s stock after selling 1,251 shares during the quarter. Morgan Dempsey Capital Management LLC owned approximately 0.15% of Bar Harbor Bankshares worth $602,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers increased its stake in Bar Harbor Bankshares by 2.0% during the first quarter. Rhumbline Advisers now owns 22,006 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 425 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Bar Harbor Bankshares by 39.7% during the first quarter. Flagship Harbor Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 435 shares during the last quarter. FMR LLC increased its stake in Bar Harbor Bankshares by 0.3% during the fourth quarter. FMR LLC now owns 150,465 shares of the financial services provider’s stock worth $3,375,000 after acquiring an additional 465 shares during the last quarter. Sawyer & Company Inc increased its stake in Bar Harbor Bankshares by 63.0% during the first quarter. Sawyer & Company Inc now owns 3,300 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Naples Global Advisors LLC increased its stake in Bar Harbor Bankshares by 5.6% during the first quarter. Naples Global Advisors LLC now owns 33,290 shares of the financial services provider’s stock worth $861,000 after acquiring an additional 1,775 shares during the last quarter.

Shares of NYSEAMERICAN:BHB traded down $0.17 during trading hours on Friday, hitting $24.72. 25,739 shares of the company’s stock traded hands, compared to its average volume of 21,757. Bar Harbor Bankshares has a 1 year low of $21.25 and a 1 year high of $30.81.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $27.93 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 14th were issued a $0.22 dividend. This is a positive change from Bar Harbor Bankshares’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, May 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.56%.

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Bar Harbor Bankshares 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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