Shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.66 and traded as low as $29.80. Bar Harbor Bankshares shares last traded at $30.35, with a volume of 31,541 shares.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped 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 note on Monday, April 21st. Wall Street Zen assumed coverage on Bar Harbor Bankshares in a research report on Saturday, April 26th. They set a "hold" rating for the company.
Check Out Our Latest Stock Report on BHB
Bar Harbor Bankshares Stock Performance
The stock has a market cap of $464.96 million, a PE ratio of 11.76 and a beta of 0.65. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $30.09 and a 200 day moving average price of $30.62.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BHB. Trust Co. of Vermont increased its position in shares of Bar Harbor Bankshares by 10.9% in the first quarter. Trust Co. of Vermont now owns 43,726 shares of the financial services provider's stock valued at $1,290,000 after buying an additional 4,282 shares in the last quarter. First Bancorp Inc ME increased its position in shares of Bar Harbor Bankshares by 8.9% in 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 in the last quarter. Westhampton Capital LLC purchased a new stake in shares of Bar Harbor Bankshares in the first quarter valued at approximately $318,000. Bar Harbor Wealth Management increased its position in shares of Bar Harbor Bankshares by 7.0% in 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 in the last quarter. Finally, SG Americas Securities LLC increased its position 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 worth $944,000 after purchasing an additional 20,717 shares in the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.
Bar Harbor Bankshares Company Profile
(
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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