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Director Brian D Shaw of Bar Harbor Bankshares (OTC:BHB), a $538 million market cap bank currently trading below its InvestingPro Fair Value, recently purchased 10,000 shares of common stock in two transactions valued at $320,850. The company stands out with its 21-year streak of dividend increases and current 4% yield.
The purchases, which occurred on September 10, 2025, involved two separate transactions. The director acquired 5,000 shares at $31.96 per share and another 5,000 shares within a price range of $32.10 to $32.22, averaging $32.21. Following these transactions, Shaw directly owns 17,463.5450 shares of Bar Harbor Bankshares . Trading at a P/E ratio of 12.6, the stock has shown resilience with a 10.7% return over the past six months. For deeper insights into insider trading patterns and additional ProTips, visit InvestingPro.
In other recent news, Bar Harbor Bankshares has completed its acquisition of Guaranty Bancorp, a move that has drawn attention from analysts. Piper Sandler upgraded Bar Harbor Bankshares’ stock rating from Neutral to Overweight, highlighting strategic benefits from the acquisition as a reason for their positive outlook. The firm also raised its price target for the bank to $35.00 from $34.00. This acquisition marks a significant development for Bar Harbor Bankshares, as it integrates Guaranty Bancorp into its operations. Investors are watching closely to see how this acquisition will impact Bar Harbor’s future performance. The recent upgrade by Piper Sandler suggests optimism about the bank’s strategic direction. These developments are part of the bank’s ongoing efforts to strengthen its market position. As Bar Harbor Bankshares continues to expand, the financial community is keenly observing its next moves.
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