Bar Harbor Bankshares (NYSEAMERICAN:BHB) Earns Hold Rating from Analysts at StockNews.com

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

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

Bar Harbor Bankshares Stock Performance

BHB opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. Bar Harbor Bankshares has a 1 year low of $24.48 and a 1 year high of $38.47. The firm has a fifty day moving average price of $30.42 and a 200 day moving average price of $31.37. The stock has a market cap of $442.52 million, a P/E ratio of 10.17 and a beta of 0.72.

Institutional Investors Weigh In On Bar Harbor Bankshares

A number of institutional investors have recently added to or reduced their stakes in BHB. State Street Corp raised its position in Bar Harbor Bankshares by 5.6% during the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock worth $11,189,000 after acquiring an additional 19,118 shares during the last quarter. Barclays PLC lifted its stake in shares of 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 during the period. Trust Co. of Vermont boosted its holdings 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 last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at $242,000. Finally, JPMorgan Chase & Co. increased its stake in Bar Harbor Bankshares by 77.4% in the third 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. Hedge funds and other institutional investors own 54.49% of the company’s stock.

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.