Bar Harbor Bankshares (NYSEAMERICAN:BHB) Short Interest Update

Bar Harbor Bankshares (NYSEAMERICAN:BHB) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 96,900 shares, a growth of 27.5% from the March 15th total of 76,000 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 45,500 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com started coverage on shares of Bar Harbor Bankshares in a research note on Saturday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their target price 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.

Hedge Funds Weigh In On Bar Harbor Bankshares

Several hedge funds have recently added to or reduced their stakes in BHB. Steward Partners Investment Advisory LLC increased its stake in shares of Bar Harbor Bankshares by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 576 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Bar Harbor Bankshares during the fourth quarter worth $107,000. GAMMA Investing LLC grew its holdings in shares of Bar Harbor Bankshares by 4,202.1% in the 1st quarter. GAMMA Investing LLC now owns 4,130 shares of the financial services provider’s stock valued at $122,000 after buying an additional 4,034 shares during the period. Hager Investment Management Services LLC acquired a new stake in Bar Harbor Bankshares during the 4th quarter worth $151,000. Finally, New York State Common Retirement Fund lifted its holdings in Bar Harbor Bankshares by 40.4% during the fourth quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Bar Harbor Bankshares Trading Up 1.6 %

NYSEAMERICAN BHB traded up $0.45 during trading hours on Friday, hitting $28.98. The company’s stock had a trading volume of 50,468 shares, compared to its average volume of 40,979. Bar Harbor Bankshares has a twelve month low of $24.48 and a twelve month high of $38.47. The firm has a market capitalization of $442.52 million, a P/E ratio of 10.17 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. The stock has a fifty day moving average of $30.42 and a 200 day moving average of $31.37.

Bar Harbor Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.14%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

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.