Investment analysts at StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSE:BHB - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "hold" rating on the stock.
Bar Harbor Bankshares Stock Down 0.3%
Shares of BHB opened at $31.17 on Friday. The stock has a market capitalization of $477.43 million, a price-to-earnings ratio of 10.94 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.
Hedge Funds Weigh In On Bar Harbor Bankshares
Several institutional investors and hedge funds have recently added to or reduced their stakes in BHB. Nisa Investment Advisors LLC lifted its holdings in shares of Bar Harbor Bankshares by 33.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the company's stock worth $51,000 after purchasing an additional 430 shares during the period. KLP Kapitalforvaltning AS raised its position in Bar Harbor Bankshares by 228.6% during the 1st quarter. KLP Kapitalforvaltning AS now owns 11,500 shares of the company's stock worth $339,000 after purchasing an additional 8,000 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Bar Harbor Bankshares by 321.8% during the 1st quarter. Moors & Cabot Inc. now owns 29,315 shares of the company's stock worth $865,000 after buying an additional 22,365 shares during the period. Vanguard Group Inc. grew its position in shares of Bar Harbor Bankshares by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 807,331 shares of the company's stock valued at $23,816,000 after buying an additional 13,243 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Bar Harbor Bankshares by 13.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,291 shares of the company's stock valued at $776,000 after buying an additional 3,072 shares during the period. 54.49% of the stock is currently 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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