Keefe, Bruyette & Woods Has Lowered Expectations for Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Price

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $35.00 to $33.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 16.73% from the company’s current price.

Separately, StockNews.com assumed coverage on Bar Harbor Bankshares in a research note on Saturday. They set a “hold” rating on the stock.

Bar Harbor Bankshares Stock Performance

Shares of Bar Harbor Bankshares stock traded down $0.71 during trading on Monday, reaching $28.27. The company’s stock had a trading volume of 8,912 shares, compared to its average volume of 40,852. Bar Harbor Bankshares has a 52 week low of $24.48 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 business’s 50-day moving average price is $30.42 and its 200-day moving average price is $31.37. The firm has a market cap of $431.68 million, a PE ratio of 9.92 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in Bar Harbor Bankshares by 5.6% in the third quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after buying an additional 19,118 shares in the last quarter. Barclays PLC raised its holdings in 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 buying an additional 16,579 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Bar Harbor Bankshares by 561.1% in 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 acquired a new stake in shares of Bar Harbor Bankshares during the fourth quarter worth $242,000. Finally, JPMorgan Chase & Co. lifted 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 period. Institutional investors and hedge funds 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.