Bar Harbor Bankshares (NYSEAMERICAN:BHB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in a report released on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

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

Bar Harbor Bankshares Trading Up 0.2 %

Bar Harbor Bankshares stock opened at $29.88 on Monday. The company has a fifty day simple moving average of $31.24. 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 1-year low of $23.26 and a 1-year high of $38.47. The company has a market capitalization of $456.27 million, a P/E ratio of 10.48 and a beta of 0.72.

Bar Harbor Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, February 20th. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 42.11%.

Institutional Investors Weigh In On Bar Harbor Bankshares

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP increased its stake in shares of Bar Harbor Bankshares by 5.5% during the fourth quarter. Two Sigma Advisers LP now owns 22,900 shares of the financial services provider’s stock worth $700,000 after purchasing an additional 1,200 shares during the period. Two Sigma Investments LP increased its position in Bar Harbor Bankshares by 7.4% during the 4th quarter. Two Sigma Investments LP now owns 32,349 shares of the financial services provider’s stock worth $989,000 after buying an additional 2,233 shares during the period. Millennium Management LLC increased its position in Bar Harbor Bankshares by 390.3% during the 4th quarter. Millennium Management LLC now owns 36,146 shares of the financial services provider’s stock worth $1,105,000 after buying an additional 28,774 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bar Harbor Bankshares by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider’s stock worth $262,000 after buying an additional 380 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Bar Harbor Bankshares by 56.1% in the fourth quarter. Deutsche Bank AG now owns 9,759 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 3,507 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

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.