7,010 Shares in Bar Harbor Bankshares (NYSEAMERICAN:BHB) Bought by Sky Investment Group LLC

Sky Investment Group LLC bought a new position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 7,010 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prosperity Consulting Group LLC acquired a new stake in Bar Harbor Bankshares during the 1st quarter valued at approximately $289,000. BNP Paribas Financial Markets increased its position in shares of Bar Harbor Bankshares by 91.1% during the first quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock worth $190,000 after buying an additional 3,429 shares during the period. Janney Montgomery Scott LLC raised its stake in Bar Harbor Bankshares by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 22,355 shares of the financial services provider’s stock worth $592,000 after buying an additional 874 shares during the last quarter. Empowered Funds LLC lifted its holdings in Bar Harbor Bankshares by 7.8% in the first quarter. Empowered Funds LLC now owns 38,609 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 2,800 shares during the period. Finally, Vanguard Group Inc. boosted its position in Bar Harbor Bankshares by 1.5% during the first quarter. Vanguard Group Inc. now owns 769,738 shares of the financial services provider’s stock valued at $20,383,000 after acquiring an additional 11,091 shares during the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Price Performance

Shares of Bar Harbor Bankshares stock traded up $0.45 on Tuesday, reaching $30.45. 7,722 shares of the company’s stock were exchanged, compared to its average volume of 37,031. The stock has a market capitalization of $464.97 million, a price-to-earnings ratio of 11.07 and a beta of 0.68. Bar Harbor Bankshares has a 52 week low of $23.18 and a 52 week high of $33.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.00.

Bar Harbor Bankshares Company Profile

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.