Bar Harbor Bankshares Announces Stock Buyback Plan

Bar Harbor Bankshares (BHB)'s Board of Directors has authorized the repurchase of up to 756,000 shares


Bar Harbor Bankshares (BHB), a financial institution, has recently made an announcement regarding its intention to repurchase a portion of its outstanding common stock. The company's Board of Directors has authorized the repurchase of up to 756,000 shares, which represents approximately 5% of its shares as of April 30, 2023.

Repurchase Plan Details

Under the newly authorized share repurchase plan, Bar Harbor Bankshares will have a maximum duration of 12 months to execute the buybacks. The company has the flexibility to acquire the shares through various methods, including open market transactions, block trades, and private negotiated agreements. The decision on the timing and quantity of repurchases will be influenced by multiple factors, such as securities law restrictions, the trading price of the company's common stock, regulatory requirements, capital allocation opportunities, and the financial performance of Bar Harbor Bankshares.

Members of LevelFields received the alert of this event on May 22, 5:50 PM ET

Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.

Free Trial: Signup for 1 Free Alert Per Week

Add your email to get alerts & the report.

Get 1 free alert per week via email

Upgrade if you want more or platform access

We'll also send you a free report

or Click Here to get full access now

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.