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

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its price target raised by Keefe, Bruyette & Woods from $35.00 to $36.00 in a research report sent to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Bar Harbor Bankshares Trading Up 0.8 %

Shares of BHB stock opened at $30.57 on Monday. Bar Harbor Bankshares has a 12-month low of $23.26 and a 12-month high of $38.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $31.17. The stock has a market capitalization of $466.80 million, a PE ratio of 10.73 and a beta of 0.72.

Bar Harbor Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, February 20th. Bar Harbor Bankshares’s dividend payout ratio is presently 42.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BHB. Empowered Funds LLC raised its position in shares of Bar Harbor Bankshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 43,633 shares of the financial services provider’s stock valued at $1,346,000 after purchasing an additional 2,144 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Bar Harbor Bankshares by 196.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 15,245 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bar Harbor Bankshares during the 3rd quarter valued at $350,000. Moors & Cabot Inc. bought a new stake in Bar Harbor Bankshares in the 3rd quarter valued at $214,000. Finally, Foundry Partners LLC increased its holdings in Bar Harbor Bankshares by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider’s stock valued at $2,912,000 after acquiring an additional 870 shares during the last quarter. Hedge funds and other institutional investors 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.