Analysts at StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSE:BHB - Get Free Report) in a research note issued on Thursday. The firm set a "hold" rating on the stock.
Bar Harbor Bankshares Trading Down 0.3 %
Shares of BHB opened at $29.53 on Thursday. The company has a market cap of $452.31 million, a PE ratio of 10.36 and a beta of 0.69. Bar Harbor Bankshares has a 12 month low of $24.48 and a 12 month high of $38.47.
Institutional Investors Weigh In On Bar Harbor Bankshares
A hedge fund recently raised its stake in Bar Harbor Bankshares stock. KLP Kapitalforvaltning AS raised its position in shares of Bar Harbor Bankshares (NYSE:BHB - Free Report) by 228.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,500 shares of the company's stock after purchasing an additional 8,000 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.08% of Bar Harbor Bankshares worth $339,000 at the end of the most recent 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 commercial, lending, retail, and wealth management banking services. 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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