Bar Harbor Bankshares (NYSEAMERICAN:BHB) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.21 and traded as low as $29.05. Bar Harbor Bankshares shares last traded at $29.48, with a volume of 27,376 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BHB shares. Wall Street Zen started coverage on Bar Harbor Bankshares in a research report on Saturday, April 26th. They set a "hold" rating for the company. Keefe, Bruyette & Woods reduced their price target on Bar Harbor Bankshares from $35.00 to $33.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

Bar Harbor Bankshares Stock Down 0.5%

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The company has a market cap of $447.87 million, a price-to-earnings ratio of 10.29 and a beta of 0.72. The stock has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $31.20.

Bar Harbor Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.32 per share. This is a boost from Bar Harbor Bankshares's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, May 15th. Bar Harbor Bankshares's payout ratio is 42.11%.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of institutional investors have recently modified their holdings of BHB. Steward Partners Investment Advisory LLC raised its position in Bar Harbor Bankshares by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider's stock valued at $87,000 after buying an additional 576 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Bar Harbor Bankshares in the 4th quarter valued at $107,000. GAMMA Investing LLC raised its position in Bar Harbor Bankshares by 4,202.1% in the 1st quarter. GAMMA Investing LLC now owns 4,130 shares of the financial services provider's stock valued at $122,000 after buying an additional 4,034 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Bar Harbor Bankshares in the 4th quarter valued at $151,000. Finally, New York State Common Retirement Fund raised its position in Bar Harbor Bankshares by 40.4% in the 4th 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 during the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

Bar Harbor Bankshares Company Profile

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.