Bar Harbor Bankshares (NYSEAMERICAN:BHB) Receives Market Perform Rating from Keefe, Bruyette & Woods

Bar Harbor Bankshares (NYSEAMERICAN:BHB)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Monday,Benzinga reports. They currently have a $35.00 price objective on the financial services provider’s stock, up from their previous price objective of $34.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 12.54% from the company’s current price.

Bar Harbor Bankshares Price Performance

Shares of NYSEAMERICAN BHB opened at $31.10 on Monday. Bar Harbor Bankshares has a 52 week low of $23.26 and a 52 week high of $38.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The company has a market cap of $474.90 million, a P/E ratio of 11.19 and a beta of 0.73.

Institutional Trading of Bar Harbor Bankshares

A number of hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont increased 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 during the period. Dimensional Fund Advisors LP increased its stake in Bar Harbor Bankshares by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock worth $23,264,000 after acquiring an additional 24,718 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock valued at $1,570,000 after purchasing an additional 22,212 shares during the last quarter. State Street Corp increased its stake in shares of Bar Harbor Bankshares by 5.6% in the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after purchasing an additional 19,118 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Bar Harbor Bankshares by 50.0% in the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock valued at $1,533,000 after purchasing an additional 16,579 shares during the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

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.