Bar Harbor Bankshares (NYSEAMERICAN:BHB) Receives Market Perform Rating from Keefe, Bruyette & Woods

Bar Harbor Bankshares (NYSEAMERICAN:BHB)‘s stock had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods in a research report issued on Monday,Benzinga reports. They presently have a $35.00 price target on the financial services provider’s stock, up from their previous price target of $34.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 12.54% from the stock’s previous close.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN BHB opened at $31.10 on Monday. The stock has a market cap of $474.90 million, a P/E ratio of 11.19 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47.

Institutional Trading of Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC acquired a new position in Bar Harbor Bankshares in the third quarter worth $203,000. Moors & Cabot Inc. acquired a new position in Bar Harbor Bankshares in the third quarter worth $214,000. Camden National Bank acquired a new position in Bar Harbor Bankshares in the third quarter worth $214,000. Sky Investment Group LLC acquired a new position in shares of Bar Harbor Bankshares during the third quarter valued at $216,000. Finally, First Bancorp Inc ME acquired a new position in shares of Bar Harbor Bankshares during the third quarter valued at $220,000. 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.