Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Price Up 6.2% - What's Next?

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report)'s stock price rose 6.2% during mid-day trading on Monday . The company traded as high as $33.78 and last traded at $34.10. Approximately 20,352 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 41,602 shares. The stock had previously closed at $32.12.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $35.00 price target (up from $34.00) on shares of Bar Harbor Bankshares in a research note on Monday, January 27th.

Bar Harbor Bankshares Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $481.16 million, a price-to-earnings ratio of 11.06 and a beta of 0.72.

Bar Harbor Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, February 20th. Bar Harbor Bankshares's dividend payout ratio (DPR) is 42.11%.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in BHB. State Street Corp raised its holdings in shares of Bar Harbor Bankshares by 5.6% in the third quarter. State Street Corp now owns 362,823 shares of the financial services provider's stock worth $11,189,000 after acquiring an additional 19,118 shares during the last quarter. Barclays PLC lifted its stake in shares of 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 buying an additional 16,579 shares during the period. Trust Co. of Vermont boosted its position in Bar Harbor Bankshares by 561.1% during the fourth quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider's stock worth $1,206,000 after acquiring an additional 33,478 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Bar Harbor Bankshares in the 4th quarter worth approximately $242,000. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $1,570,000 after acquiring an additional 22,212 shares during the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

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.