Research analysts at StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) in a report released on Saturday. The brokerage set a "hold" rating on the financial services provider's stock.
Separately, Keefe, Bruyette & Woods increased their price objective on Bar Harbor Bankshares from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th.
Read Our Latest Stock Report on BHB
Bar Harbor Bankshares Price Performance
NYSEAMERICAN:BHB traded up $0.52 during trading hours on Friday, hitting $29.89. 2,358 shares of the company's stock traded hands, compared to its average volume of 40,852. The firm has a market cap of $456.34 million, a P/E ratio of 10.49 and a beta of 0.72. Bar Harbor Bankshares has a 52 week low of $24.48 and a 52 week high of $38.47. The business's fifty day simple moving average is $30.27 and its two-hundred day simple moving average is $31.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.
Institutional Trading of Bar Harbor Bankshares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHB. First Bancorp Inc ME lifted its position in Bar Harbor Bankshares by 8.9% during the first quarter. First Bancorp Inc ME now owns 7,347 shares of the financial services provider's stock valued at $217,000 after buying an additional 603 shares during the period. Westhampton Capital LLC purchased a new position in Bar Harbor Bankshares during the first quarter valued at $318,000. Bar Harbor Wealth Management lifted its position in Bar Harbor Bankshares by 7.0% during the first quarter. Bar Harbor Wealth Management now owns 458,476 shares of the financial services provider's stock valued at $13,525,000 after buying an additional 30,075 shares during the period. SG Americas Securities LLC increased its holdings in shares of Bar Harbor Bankshares by 183.5% during the first quarter. SG Americas Securities LLC now owns 32,007 shares of the financial services provider's stock valued at $944,000 after acquiring an additional 20,717 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Bar Harbor Bankshares by 4,202.1% during the first quarter. GAMMA Investing LLC now owns 4,130 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 4,034 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company's stock.
About Bar Harbor Bankshares
(
Get Free Report)
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.
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