Bar Harbor Bankshares (NYSEAMERICAN:BHB) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods increased their price objective on Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN:BHB traded down $0.25 during mid-day trading on Monday, reaching $29.50. The stock had a trading volume of 58,053 shares, compared to its average volume of 40,325. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The firm’s 50 day moving average price is $31.25. The stock has a market cap of $450.47 million, a price-to-earnings ratio of 10.35 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BHB. Thrivent Financial for Lutherans lifted its stake in Bar Harbor Bankshares by 196.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider’s stock valued at $710,000 after buying an additional 15,245 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Bar Harbor Bankshares during the third quarter valued at $203,000. State Street Corp increased its position in Bar Harbor Bankshares by 5.6% during the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after purchasing an additional 19,118 shares in the last quarter. Barclays PLC increased its position in Bar Harbor Bankshares by 50.0% during the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after purchasing an additional 16,579 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Bar Harbor Bankshares by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider’s stock valued at $10,348,000 after purchasing an additional 3,602 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

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.