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

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

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

Bar Harbor Bankshares Stock Down 0.8 %

Shares of NYSEAMERICAN:BHB traded down $0.25 during midday trading on Monday, reaching $29.50. The company’s stock had a trading volume of 58,053 shares, compared to its average volume of 40,325. The firm has a market cap of $450.47 million, a price-to-earnings ratio of 10.35 and a beta of 0.72. The company’s 50 day moving average is $31.25. Bar Harbor Bankshares has a 1 year low of $23.26 and a 1 year high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

Institutional Investors Weigh In On Bar Harbor Bankshares

Several institutional investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of 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 valued at $11,189,000 after acquiring an additional 19,118 shares in the last quarter. Barclays PLC lifted its stake in shares of Bar Harbor Bankshares by 50.0% during the third 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. Trust Co. of Vermont lifted its stake in shares of Bar Harbor Bankshares by 561.1% during the fourth quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock worth $1,206,000 after purchasing an additional 33,478 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at about $242,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Bar Harbor Bankshares by 77.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 22,212 shares during the period. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

About Bar Harbor Bankshares

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.