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

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its price objective lifted by Keefe, Bruyette & Woods from $35.00 to $36.00 in a report released on Monday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Bar Harbor Bankshares Trading Up 1.2 %

Shares of NYSEAMERICAN:BHB opened at $30.61 on Monday. The stock has a market cap of $467.41 million, a P/E ratio of 10.74 and a beta of 0.72. The company has a quick ratio of 0.96, a current 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. The business’s 50 day moving average is $31.18.

Bar Harbor Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.92%. Bar Harbor Bankshares’s dividend payout ratio is currently 42.11%.

Institutional Investors Weigh In On Bar Harbor Bankshares

Several institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in 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 valued at $87,000 after purchasing an additional 576 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Bar Harbor Bankshares during the 4th quarter worth $107,000. Hager Investment Management Services LLC purchased a new stake in Bar Harbor Bankshares during the 4th quarter worth $151,000. New York State Common Retirement Fund boosted its position in 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 valued at $159,000 after buying an additional 1,500 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Bar Harbor Bankshares in the 3rd quarter valued at about $203,000. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

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.