SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 7.5% Stake in Bar Harbor Bankshares

FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, disclosing a continued beneficial ownership of 7.5% of Bar Harbor Bankshares' common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Bar Harbor Bankshares.
• As of March 31, 2025, FMR LLC beneficially owns an aggregate of 1,146,749 shares of Bar Harbor Bankshares' common stock.
• This ownership represents 7.5% of the total outstanding common stock of Bar Harbor Bankshares.
• FMR LLC holds sole voting power over 1,146,556 shares and sole dispositive power over 1,146,749 shares.
• Abigail P. Johnson, as a reporting person, also beneficially owns 1,146,749 shares, representing 7.5% of the class, with sole dispositive power over these shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• FMR LLC is classified as a parent holding company or control person, with subsidiaries like Fidelity Management & Research Company LLC and Strategic Advisers LLC identified as investment advisers, and Fidelity Management Trust Company as a bank.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership. It does not contain positive or negative financial performance data, nor does it indicate any strategic shifts or intentions to influence the issuer's control, thus maintaining a neutral sentiment.

Positives

• The filing indicates a stable, passive investment by a significant institutional holder (FMR LLC), suggesting confidence in the issuer's long-term prospects without intent to influence control.
• The continued beneficial ownership by FMR LLC and Abigail P. Johnson provides transparency to the market regarding a major shareholder's position.

Negatives

• NA

Risks

• The document itself, being a Schedule 13G, does not detail specific risks related to Bar Harbor Bankshares' operations or financial health. It is a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Bar Harbor Bankshares' future performance or strategic direction. It is solely a disclosure of beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure in the financial industry, specifically for publicly traded companies. Schedule 13G filings are mandated by the SEC when an entity acquires more than 5% beneficial ownership of a company's stock, but does so as a passive investor without the intent to influence or control the company. FMR LLC, a major asset manager, routinely files such disclosures for its holdings across various sectors, including banking, reflecting its investment activities.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment approach.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to file amendments to Schedule 13G as required by SEC regulations if their beneficial ownership percentage changes significantly or if their investment intent shifts from passive to active.

Key Dates

Keywords

Bar Harbor Bankshares, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Financial Services, Banking