Piper Sandler reaffirmed their neutral rating on shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB – Free Report) in a report published on Thursday morning, MarketBeat reports. Piper Sandler currently has a $33.00 target price on the financial services provider’s stock.
Bar Harbor Bankshares Price Performance
Shares of NYSEAMERICAN:BHB opened at $29.98 on Thursday. Bar Harbor Bankshares has a 1 year low of $23.18 and a 1 year 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. The stock has a market capitalization of $457.79 million, a PE ratio of 10.90 and a beta of 0.70.
Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $37.39 million during the quarter, compared to analyst estimates of $36.80 million. Bar Harbor Bankshares had a net margin of 18.86% and a return on equity of 9.72%.
Bar Harbor Bankshares Announces Dividend
Institutional Investors Weigh In On Bar Harbor Bankshares
A number of hedge funds have recently added to or reduced their stakes in BHB. BNP Paribas Financial Markets raised its position 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 during the last quarter. Congress Wealth Management LLC DE bought a new stake in Bar Harbor Bankshares in the fourth quarter worth about $231,000. Bailard Inc. boosted its stake in Bar Harbor Bankshares by 118.3% in the second quarter. Bailard Inc. now owns 18,821 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 10,200 shares during the last quarter. SlateStone Wealth LLC bought a new position in shares of Bar Harbor Bankshares during the 2nd quarter valued at approximately $201,000. Finally, Empowered Funds LLC grew its position in shares of Bar Harbor Bankshares by 7.8% during the 1st quarter. Empowered Funds LLC now owns 38,609 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 2,800 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.
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.
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