Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Passes Above Two Hundred Day Moving Average of $0.00

Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $26.83. Bar Harbor Bankshares shares last traded at $26.75, with a volume of 42,258 shares.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered Bar Harbor Bankshares from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research note on Monday, December 12th.

Bar Harbor Bankshares Trading Up 3.3 %

The company has a fifty day moving average of $28.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $403.12 million, a PE ratio of 9.26 and a beta of 0.81.

Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $41.18 million for the quarter, compared to the consensus estimate of $39.90 million. Bar Harbor Bankshares had a return on equity of 11.11% and a net margin of 26.91%. On average, research analysts predict that Bar Harbor Bankshares will post 3.03 earnings per share for the current year.

Bar Harbor Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Thursday, February 16th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, February 15th. This represents a $1.04 annualized dividend and a yield of 3.89%. Bar Harbor Bankshares’s dividend payout ratio is 35.99%.

Institutional Trading of Bar Harbor Bankshares

Institutional investors have recently added to or reduced their stakes in the business. Naples Global Advisors LLC lifted its holdings in shares of Bar Harbor Bankshares by 2.9% during the 2nd quarter. Naples Global Advisors LLC now owns 39,851 shares of the financial services provider’s stock valued at $1,031,000 after buying an additional 1,138 shares during the period. Lazard Asset Management LLC bought a new position in Bar Harbor Bankshares in the 3rd quarter worth $50,000. First Manhattan Co. raised its holdings in Bar Harbor Bankshares by 0.9% in the 3rd quarter. First Manhattan Co. now owns 43,520 shares of the financial services provider’s stock worth $1,154,000 after purchasing an additional 400 shares during the period. Teacher Retirement System of Texas bought a new position in Bar Harbor Bankshares in the 3rd quarter worth $228,000. Finally, Barclays PLC raised its holdings in Bar Harbor Bankshares by 2.1% in the 3rd quarter. Barclays PLC now owns 28,241 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 586 shares during the period. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

About Bar Harbor Bankshares

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Bar Harbor Bankshares operates through its subsidiaries, which engages in the provision of commercial, retail, and wealth management banking services. It includes lending activities, acceptance of demand, savings and time deposits, business services, investment management, and trust and third-party brokerage services.