Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Cross Below 200-Day Moving Average – What’s Next?

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.24 and traded as low as $28.76. Bar Harbor Bankshares shares last traded at $29.43, with a volume of 40,918 shares.

Bar Harbor Bankshares Stock Performance

The stock’s 50 day moving average price is $31.10 and its 200 day moving average price is $30.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $490.89 million, a price-to-earnings ratio of 11.41 and a beta of 0.71.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of large investors have recently modified their holdings of BHB. Trust Co. of Vermont boosted its stake in shares of Bar Harbor Bankshares by 10.9% during the 1st quarter. Trust Co. of Vermont now owns 43,726 shares of the financial services provider’s stock worth $1,290,000 after buying an additional 4,282 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 4,034 shares during the last quarter. Finally, First Bancorp Inc ME lifted its stake in Bar Harbor Bankshares by 8.9% in the 1st quarter. First Bancorp Inc ME now owns 7,347 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 603 shares during the last quarter. 54.49% of the stock is currently 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.