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

StockNews.com started coverage on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in a research note issued to investors on Sunday. The firm issued 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 report on Monday, March 17th.

Bar Harbor Bankshares Stock Up 1.3 %

NYSEAMERICAN:BHB opened at $28.06 on Friday. 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 stock has a market capitalization of $428.48 million, a P/E ratio of 9.85 and a beta of 0.72. The company’s 50-day simple moving average is $30.57 and its 200-day simple moving average is $31.37. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47.

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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.28%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is currently 42.11%.

Hedge Funds Weigh In On Bar Harbor Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bar Harbor Bankshares by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,555 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 380 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Bar Harbor Bankshares by 6.7% during the fourth quarter. LPL Financial LLC now owns 8,162 shares of the financial services provider’s stock valued at $250,000 after buying an additional 509 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Bar Harbor Bankshares by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 536 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Bar Harbor Bankshares by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,855 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 576 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Bar Harbor Bankshares by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,132 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 943 shares during the last quarter. 54.49% of the stock is owned by hedge funds and other 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.