Bar Harbor Bankshares (NYSE:BHB - Get Free Report) had its price objective increased by stock analysts at Piper Sandler from $32.00 to $34.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's price target would indicate a potential upside of 12.03% from the stock's current price.
Separately, Wall Street Zen initiated coverage on Bar Harbor Bankshares in a research note on Friday, May 16th. They set a "hold" rating for the company.
Get Our Latest Stock Analysis on BHB
Bar Harbor Bankshares Stock Up 1.3%
Bar Harbor Bankshares stock traded up $0.40 during trading on Wednesday, reaching $30.35. 31,541 shares of the company were exchanged, compared to its average volume of 43,070. Bar Harbor Bankshares has a 52-week low of $26.43 and a 52-week high of $38.47. The firm has a market capitalization of $464.87 million, a P/E ratio of 11.76 and a beta of 0.65. The firm's 50 day moving average price is $30.08.
Institutional Trading of Bar Harbor Bankshares
Several institutional investors and hedge funds have recently made changes to their positions in BHB. State of New Jersey Common Pension Fund D acquired a new position in Bar Harbor Bankshares during the 1st quarter worth approximately $2,260,000. Nuveen LLC acquired a new position in Bar Harbor Bankshares during the 1st quarter worth approximately $1,464,000. Trust Co. of Vermont increased its position in Bar Harbor Bankshares by 67.7% during the 2nd quarter. Trust Co. of Vermont now owns 73,332 shares of the company's stock worth $2,197,000 after purchasing an additional 29,606 shares during the period. Moors & Cabot Inc. increased its position 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 purchasing an additional 22,365 shares during the period. Finally, Brant Point Investment Management LLC acquired a new stake in shares of Bar Harbor Bankshares in the 1st quarter worth approximately $583,000. 54.49% of the stock is owned by hedge funds and other institutional investors.
About Bar Harbor Bankshares
(
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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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