Piper Sandler reaffirmed their neutral rating on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB – Free Report) in a research report sent to investors on Thursday, Marketbeat reports. The firm currently has a $33.00 price objective on the financial services provider’s stock.
Bar Harbor Bankshares Stock Down 2.2 %
NYSEAMERICAN:BHB opened at $29.98 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Bar Harbor Bankshares has a twelve month low of $23.18 and a twelve month high of $33.31. The company has a market cap of $457.79 million, a price-to-earnings ratio of 10.90 and a beta of 0.70.
Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $37.39 million for the quarter, compared to analyst estimates of $36.80 million. Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%.
Bar Harbor Bankshares Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Bar Harbor Bankshares by 91.1% in the 1st quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock valued at $190,000 after buying an additional 3,429 shares in the last quarter. SlateStone Wealth LLC bought a new stake in shares of Bar Harbor Bankshares in the second quarter valued at about $201,000. Camden National Bank acquired a new position in shares of Bar Harbor Bankshares in the fourth quarter valued at about $203,000. Congress Wealth Management LLC DE acquired a new position in shares of Bar Harbor Bankshares in the fourth quarter valued at about $231,000. Finally, Algert Global LLC increased its position in Bar Harbor Bankshares by 19.7% during the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 1,530 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.
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.
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