Silverlake Wealth Management LLC Buys New Stake in Bar Harbor Bankshares $BHB

Silverlake Wealth Management LLC acquired a new stake in shares of Bar Harbor Bankshares (NYSE:BHB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,609 shares of the company’s stock, valued at approximately $932,000. Silverlake Wealth Management LLC owned about 0.18% of Bar Harbor Bankshares as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Bar Harbor Bankshares during the first quarter valued at approximately $73,000. Raymond James Financial Inc. bought a new position in shares of Bar Harbor Bankshares during the 2nd quarter valued at approximately $93,000. BNP Paribas Financial Markets grew its holdings in shares of Bar Harbor Bankshares by 137.7% in the second quarter. BNP Paribas Financial Markets now owns 3,599 shares of the company’s stock valued at $108,000 after purchasing an additional 2,085 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Bar Harbor Bankshares by 1,242.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,067 shares of the company’s stock worth $122,000 after purchasing an additional 3,764 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bar Harbor Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,945 shares of the company’s stock valued at $264,000 after purchasing an additional 390 shares in the last quarter. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Trading Up 1.4%

BHB stock opened at $31.70 on Thursday. Bar Harbor Bankshares has a 12 month low of $26.43 and a 12 month high of $35.00. The stock has a market cap of $529.04 million, a PE ratio of 13.66 and a beta of 0.66. The company has a 50-day moving average price of $31.04 and a 200 day moving average price of $30.91.

Analyst Upgrades and Downgrades

BHB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Bar Harbor Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Zacks Research lowered Bar Harbor Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.50.

About Bar Harbor Bankshares

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Bar Harbor, Maine, operating through its wholly owned subsidiary, Bar Harbor Bank & Trust. The company offers a comprehensive suite of commercial and consumer banking services, including checking and savings accounts, certificates of deposit, and digital banking capabilities. It serves individuals, small businesses, and corporate clients across its footprint in Maine and New Hampshire, with a network of full-service branch offices and lending centers.

In addition to traditional deposit and loan products, Bar Harbor Bankshares provides specialized financial services such as mortgage lending, commercial real estate financing, equipment loans, and lines of credit tailored to the needs of local businesses.