Bar Harbor Bankshares (NYSEAMERICAN:BHB - Free Report) had its price target raised by Keefe, Bruyette & Woods from $35.00 to $36.00 in a research note released on Monday,Benzinga reports. They currently have a market perform rating on the financial services provider's stock.
Bar Harbor Bankshares Price Performance
Shares of NYSEAMERICAN BHB traded down $0.85 during midday trading on Monday, hitting $29.73. 105,344 shares of the company's stock were exchanged, compared to its average volume of 38,526. The firm has a fifty day simple moving average of $31.19. The company has a market cap of $453.98 million, a P/E ratio of 10.43 and a beta of 0.72. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.
Bar Harbor Bankshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.04%. Bar Harbor Bankshares's dividend payout ratio is presently 42.11%.
Institutional Trading of Bar Harbor Bankshares
Institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Bar Harbor Bankshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 43,633 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 2,144 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Bar Harbor Bankshares by 196.1% in the third quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider's stock valued at $710,000 after buying an additional 15,245 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bar Harbor Bankshares during the 3rd quarter valued at about $350,000. Moors & Cabot Inc. acquired a new position in Bar Harbor Bankshares during the 3rd quarter worth approximately $214,000. Finally, Foundry Partners LLC boosted its holdings in Bar Harbor Bankshares by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider's stock worth $2,912,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 54.49% of the company's stock.
About Bar Harbor Bankshares
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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.
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