Bar Harbor Bankshares (NYSEAMERICAN:BHB) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Bar Harbor Bankshares (NYSEAMERICAN:BHB)‘s stock had its “market perform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Monday,Benzinga reports. They presently have a $35.00 price objective on the financial services provider’s stock, up from their previous price objective of $34.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 10.27% from the stock’s current price.

Bar Harbor Bankshares Trading Down 0.5 %

Shares of NYSEAMERICAN:BHB opened at $31.74 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a 12 month low of $23.26 and a 12 month high of $38.47. The firm has a market cap of $484.67 million, a P/E ratio of 11.42 and a beta of 0.73.

Institutional Trading of Bar Harbor Bankshares

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Bar Harbor Bankshares by 4.9% during the fourth quarter. Empowered Funds LLC now owns 45,790 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 2,157 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Bar Harbor Bankshares during the fourth quarter worth approximately $151,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Bar Harbor Bankshares in the fourth quarter valued at $242,000. Janney Montgomery Scott LLC increased its stake in shares of Bar Harbor Bankshares by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 536 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Bar Harbor Bankshares by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 11,290 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 1,788 shares during the period. 54.49% of the stock is currently owned by hedge funds and other 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.