Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $30.00 to $34.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 4.74% from the stock’s previous close.

Separately, Piper Sandler reiterated a “neutral” rating and issued a $33.00 target price on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

Bar Harbor Bankshares Stock Down 0.9 %

Shares of NYSEAMERICAN BHB opened at $35.69 on Wednesday. Bar Harbor Bankshares has a 12 month low of $23.26 and a 12 month high of $38.47. The company has a market capitalization of $544.99 million, a price-to-earnings ratio of 12.84 and a beta of 0.69. 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 (NYSEAMERICAN:BHB) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The business had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.66%. On average, equities research analysts expect that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Institutional Trading of Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SlateStone Wealth LLC acquired a new stake in shares of Bar Harbor Bankshares in the 2nd quarter valued at $201,000. Janus Henderson Group PLC bought a new position in Bar Harbor Bankshares during the 3rd quarter valued at about $203,000. Camden National Bank acquired a new position in Bar Harbor Bankshares in the third quarter valued at about $214,000. Moors & Cabot Inc. acquired a new position in Bar Harbor Bankshares in the third quarter valued at about $214,000. Finally, Sky Investment Group LLC bought a new stake in Bar Harbor Bankshares during the third quarter worth about $216,000. 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.