Bar Harbor Bankshares (NYSEAMERICAN:BHB) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) in a report published on Monday. The brokerage issued a hold rating on the financial services provider's stock.

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

Bar Harbor Bankshares Price Performance

NYSEAMERICAN:BHB traded up $0.41 during trading hours on Monday, reaching $27.78. 32,437 shares of the company's stock were exchanged, compared to its average volume of 41,171. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $424.20 million, a P/E ratio of 9.75 and a beta of 0.72. Bar Harbor Bankshares has a 12 month low of $23.26 and a 12 month high of $38.47. The business's 50-day simple moving average is $30.73 and its two-hundred day simple moving average is $31.42.

Bar Harbor Bankshares Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Thursday, February 20th. Bar Harbor Bankshares's dividend payout ratio (DPR) is currently 42.11%.

Institutional Trading of Bar Harbor Bankshares

Several large investors have recently added to or reduced their stakes in BHB. State Street Corp grew its stake 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 valued at $11,189,000 after acquiring an additional 19,118 shares in the last quarter. Barclays PLC grew its position in Bar Harbor Bankshares by 50.0% during the third quarter. Barclays PLC now owns 49,714 shares of the financial services provider's stock valued at $1,533,000 after purchasing an additional 16,579 shares in the last quarter. Trust Co. of Vermont increased its stake in Bar Harbor Bankshares by 561.1% in the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider's stock valued at $1,206,000 after buying an additional 33,478 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Bar Harbor Bankshares in the 4th quarter valued at approximately $242,000. Finally, JPMorgan Chase & Co. lifted its position in Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider's stock worth $1,570,000 after buying an additional 22,212 shares in the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

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.