Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners decreased its position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,002 shares of the financial services provider’s stock after selling 1,527 shares during the period. Coston McIsaac & Partners owned 0.30% of Bar Harbor Bankshares worth $1,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHB. BNP Paribas Financial Markets raised its stake in shares of Bar Harbor Bankshares by 91.1% in the 1st quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 3,429 shares during the period. SlateStone Wealth LLC acquired a new position in Bar Harbor Bankshares during the second quarter worth $201,000. Sky Investment Group LLC purchased a new position in shares of Bar Harbor Bankshares during the third quarter worth $216,000. First Bancorp Inc ME acquired a new stake in shares of Bar Harbor Bankshares in the third quarter valued at $220,000. Finally, Algert Global LLC raised its holdings in shares of Bar Harbor Bankshares by 19.7% in the 2nd quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock valued at $250,000 after buying an additional 1,530 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

Bar Harbor Bankshares Trading Up 3.8 %

Shares of BHB stock traded up $1.17 during midday trading on Wednesday, hitting $31.66. The company had a trading volume of 7,665 shares, compared to its average volume of 36,975. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $483.45 million, a P/E ratio of 11.25 and a beta of 0.68. Bar Harbor Bankshares has a 52-week low of $23.18 and a 52-week high of $33.31.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The business had revenue of $58.23 million for the quarter, compared to analysts’ expectations of $37.30 million. Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%. Equities analysts forecast that Bar Harbor Bankshares will post 2.68 EPS for the current year.

Bar Harbor Bankshares 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.