Bar Harbor Bankshares (NYSEAMERICAN:BHB) Price Target Raised to $36.00

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its price target boosted by Keefe, Bruyette & Woods from $35.00 to $36.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 19.05% from the stock’s current price.

Bar Harbor Bankshares Trading Down 1.1 %

Shares of BHB stock opened at $30.24 on Monday. Bar Harbor Bankshares has a twelve month low of $23.26 and a twelve month high of $38.47. The stock has a market cap of $461.76 million, a PE ratio of 10.61 and a beta of 0.72. The stock has a fifty day moving average price of $31.16. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised 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 worth $87,000 after acquiring an additional 576 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Bar Harbor Bankshares in the 4th quarter worth $107,000. Hager Investment Management Services LLC bought a new position in shares of Bar Harbor Bankshares in the 4th quarter worth $151,000. New York State Common Retirement Fund raised its position in shares of Bar Harbor Bankshares by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 5,213 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Bar Harbor Bankshares in the 3rd quarter worth $203,000. 54.49% of the stock is owned by 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.