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

Investment analysts at StockNews.com started coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) in a research note issued to investors on Sunday. The firm set a "hold" rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods upped their price target on Bar Harbor Bankshares from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, March 17th.

Bar Harbor Bankshares Stock Up 1.6 %

BHB stock traded up $0.45 during midday trading on Friday, reaching $28.98. The company had a trading volume of 50,468 shares, compared to its average volume of 41,043. 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 $23.73 and a 1 year high of $38.47. The company has a 50 day moving average of $30.47 and a two-hundred day moving average of $31.39. The company has a market capitalization of $442.52 million, a P/E ratio of 10.17 and a beta of 0.72.

Hedge Funds Weigh In On Bar Harbor Bankshares

Several hedge funds have recently bought and sold shares of BHB. Dimensional Fund Advisors LP increased its position in Bar Harbor Bankshares by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 879,697 shares of the financial services provider's stock worth $26,901,000 after purchasing an additional 7,314 shares in the last quarter. Bar Harbor Wealth Management raised its stake in shares of Bar Harbor Bankshares by 7.0% during the first quarter. Bar Harbor Wealth Management now owns 458,476 shares of the financial services provider's stock valued at $13,525,000 after acquiring an additional 30,075 shares during the last quarter. State Street Corp raised its position in Bar Harbor Bankshares by 5.6% during the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider's stock worth $11,189,000 after purchasing an additional 19,118 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Bar Harbor Bankshares by 1.1% during the third quarter. Geode Capital Management LLC now owns 335,432 shares of the financial services provider's stock worth $10,348,000 after acquiring an additional 3,602 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Bar Harbor Bankshares by 1.9% in the 4th quarter. American Century Companies Inc. now owns 259,299 shares of the financial services provider's stock valued at $7,929,000 after purchasing an additional 4,713 shares during the period. 54.49% of the stock is owned by institutional investors.

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.