FMR LLC & Abigail Johnson Hold 8.99% Stake in Bar Harbor Bankshares
Ticker: BHB · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 743367
| Field | Detail |
|---|---|
| Company | Bar Harbor Bankshares (BHB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, banking
TL;DR
**FMR LLC and Abigail Johnson still own nearly 9% of Bar Harbor Bankshares, signaling continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in BAR HARBOR BANKSHARES. As of February 9, 2024, they collectively beneficially own 1,362,523 shares of common stock, representing 8.990% of the company. This filing, an amendment to a previous SC 13G, indicates a significant, but not controlling, passive investment, signaling continued confidence in the bank's prospects.
Why It Matters
This filing shows that a major institutional investor and its leader maintain a substantial, passive stake in BAR HARBOR BANKSHARES, which can be a vote of confidence for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is an update to a passive investment, indicating stability rather than a significant change in control or strategy.
Analyst Insight
An investor should view this as a confirmation of existing institutional interest rather than a new catalyst. It suggests stability in major shareholder composition, but doesn't imply immediate price movement. Further research into BAR HARBOR BANKSHARES' fundamentals and FMR LLC's broader investment strategy would be prudent.
Key Numbers
- 1,362,523 — Shares Beneficially Owned (Total common shares of BAR HARBOR BANKSHARES owned by FMR LLC and Abigail P. Johnson)
- 8.990% — Percent of Class (Percentage of BAR HARBOR BANKSHARES common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 005-35281 — SEC File Number (SEC file number for BAR HARBOR BANKSHARES)
- 20240209 — Filed As Of Date (Date the SC 13G/A amendment was filed)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- BAR HARBOR BANKSHARES (company) — the issuer of the common stock
- 02 Finance (company) — organization name for BAR HARBOR BANKSHARES
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in BAR HARBOR BANKSHARES for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- BAR HARBOR BANKSHARES' stock price will likely not experience significant volatility directly due to this passive filing. (BAR HARBOR BANKSHARES) — high confidence, target: 2024-05-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of BAR HARBOR BANKSHARES common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 1,362,523 shares of BAR HARBOR BANKSHARES common stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of BAR HARBOR BANKSHARES' common stock do the reporting persons collectively own?
The reporting persons collectively own 8.990% of BAR HARBOR BANKSHARES' common stock, as stated in Item 11 and Item 4(b) of the filing.
Under which SEC rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further explained in Item 3.
What is the CUSIP number for BAR HARBOR BANKSHARES common stock?
The CUSIP number for BAR HARBOR BANKSHARES common stock is 066849100, as listed under 'Cusip #066849100' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding BAR HARBOR BANKSHARES (BHB).