Bar Harbor Bankshares (NYSEAMERICAN:BHB) Now Covered by StockNews.com

StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) in a research report released on Saturday morning. The firm issued a hold rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods dropped their price objective on Bar Harbor Bankshares from $35.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

Bar Harbor Bankshares Stock Up 0.3 %

Bar Harbor Bankshares stock traded up $0.10 during mid-day trading on Friday, hitting $29.64. The company had a trading volume of 64,852 shares, compared to its average volume of 41,324. The stock has a market cap of $452.60 million, a price-to-earnings ratio of 10.40 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a 1 year low of $24.48 and a 1 year high of $38.47. The business has a fifty day moving average of $29.96 and a 200 day moving average of $31.30.

Bar Harbor Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This is an increase from Bar Harbor Bankshares's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.32%. Bar Harbor Bankshares's dividend payout ratio (DPR) is currently 42.11%.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC raised its position in shares of Bar Harbor Bankshares by 25.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock worth $87,000 after purchasing an additional 576 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bar Harbor Bankshares during the 4th quarter valued at $107,000. GAMMA Investing LLC increased its stake in 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 worth $122,000 after acquiring an additional 4,034 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in Bar Harbor Bankshares in the fourth quarter valued at approximately $151,000. Finally, New York State Common Retirement Fund lifted its position in Bar Harbor Bankshares by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider's stock valued at $159,000 after buying an additional 1,500 shares in the last quarter. 54.49% of the stock is owned by hedge funds and other institutional investors.

About Bar Harbor Bankshares

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.