TheStreet upgraded shares of Bar Harbor Bankshares (NYSE:BHB) from a c+ rating to a b rating in a research note issued to investors on Monday morning.

Shares of Bar Harbor Bankshares (BHB) opened at 31.64 on Monday. The firm has a market capitalization of $487.89 million and a PE ratio of 22.52. Bar Harbor Bankshares has a 1-year low of $25.09 and a 1-year high of $49.87. The stock has a 50 day moving average price of $28.86 and a 200 day moving average price of $29.26.

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In related news, Director Stephen R. Theroux purchased 1,000 shares of the stock in a transaction dated Friday, September 1st. The stock was bought at an average cost of $26.18 per share, for a total transaction of $26,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Theroux purchased 2,410 shares of the stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $27.23 per share, with a total value of $65,624.30. The disclosure for this purchase can be found here. Insiders have bought 5,985 shares of company stock valued at $158,158 over the last quarter.

Several large investors have recently made changes to their positions in BHB. Janney Montgomery Scott LLC increased its holdings in shares of Bar Harbor Bankshares by 7.5% during the second quarter. Janney Montgomery Scott LLC now owns 11,638 shares of the financial services provider’s stock worth $359,000 after buying an additional 808 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its holdings in shares of Bar Harbor Bankshares by 96.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 28,841 shares of the financial services provider’s stock worth $889,000 after buying an additional 14,162 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Bar Harbor Bankshares by 48.2% during the second quarter. Foundry Partners LLC now owns 90,780 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 29,538 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Bar Harbor Bankshares by 52.5% during the second quarter. Rhumbline Advisers now owns 16,463 shares of the financial services provider’s stock worth $507,000 after buying an additional 5,667 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bar Harbor Bankshares by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 89,906 shares of the financial services provider’s stock worth $2,771,000 after buying an additional 13,840 shares in the last quarter.

About Bar Harbor Bankshares

Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.

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