Bar Harbor Bankshares’ (BHB) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in a research report sent to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a $35.00 price objective on the financial services provider’s stock, up from their previous price objective of $34.00.

Bar Harbor Bankshares Stock Up 0.7 %

Shares of BHB opened at $31.97 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 twelve month low of $23.26 and a twelve month high of $38.47. The company has a market cap of $488.18 million, a PE ratio of 11.50 and a beta of 0.73.

Bar Harbor Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.75%. Bar Harbor Bankshares’s dividend payout ratio is 43.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Bar Harbor Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 865,524 shares of the financial services provider’s stock valued at $23,264,000 after acquiring an additional 24,718 shares during the period. Renaissance Technologies LLC grew its holdings in Bar Harbor Bankshares by 10.3% during the second quarter. Renaissance Technologies LLC now owns 101,330 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 9,500 shares during the period. Algert Global LLC increased its position in Bar Harbor Bankshares by 19.7% during the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock worth $250,000 after buying an additional 1,530 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bar Harbor Bankshares in the third quarter valued at approximately $293,000. Finally, Creative Planning bought a new stake in Bar Harbor Bankshares in the third quarter valued at approximately $394,000. 54.49% of the stock is currently owned by institutional investors.

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.