Bar Harbor Bankshares (NYSEAMERICAN:BHB) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in a report released on Monday. The firm set a “hold” rating on the financial services provider’s stock.

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

Bar Harbor Bankshares Trading Down 0.6 %

BHB stock opened at $27.92 on Monday. 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 $23.26 and a 1-year high of $38.47. The business has a 50 day simple moving average of $30.95 and a two-hundred day simple moving average of $31.46. The company has a market capitalization of $426.34 million, a price-to-earnings ratio of 9.80 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Boston Partners boosted its stake in Bar Harbor Bankshares by 74.5% during the fourth quarter. Boston Partners now owns 124,321 shares of the financial services provider’s stock worth $3,802,000 after buying an additional 53,063 shares during the period. Trust Co. of Vermont lifted its stake in 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. JPMorgan Chase & Co. boosted its position in shares of Bar Harbor Bankshares by 59.1% during the fourth quarter. JPMorgan Chase & Co. now owns 81,000 shares of the financial services provider’s stock valued at $2,477,000 after buying an additional 30,084 shares during the period. Millennium Management LLC grew its stake in shares of Bar Harbor Bankshares by 390.3% during the fourth quarter. Millennium Management LLC now owns 36,146 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 28,774 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of 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 worth $11,189,000 after buying an additional 19,118 shares during the period. 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.