Bar Harbor Bankshares (NYSE:BHB) Trading Down 1.4% – Time to Sell?

Shares of Bar Harbor Bankshares (NYSE:BHB) were down 1.4% on Thursday . The stock traded as low as $34.90 and last traded at $35.14. Approximately 67,870 shares were traded during trading, a decline of 13% from the average daily volume of 77,965 shares. The stock had previously closed at $35.63.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price objective on Bar Harbor Bankshares from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.50.

Bar Harbor Bankshares Stock Down 1.4%

The business has a fifty day moving average of $32.40 and a 200 day moving average of $31.17. The firm has a market cap of $586.45 million, a P/E ratio of 15.28 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bailard Inc. lifted its holdings in shares of Bar Harbor Bankshares by 113.0% during the fourth quarter. Bailard Inc. now owns 22,621 shares of the company’s stock worth $702,000 after purchasing an additional 12,000 shares during the period. International Assets Investment Management LLC bought a new position in Bar Harbor Bankshares in the fourth quarter worth approximately $1,177,000. Polaris Capital Management LLC raised its position in shares of Bar Harbor Bankshares by 11.6% during the fourth quarter. Polaris Capital Management LLC now owns 70,000 shares of the company’s stock worth $2,174,000 after purchasing an additional 7,300 shares during the period. CWM LLC lifted its holdings in shares of Bar Harbor Bankshares by 52.9% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $55,000 after purchasing an additional 615 shares in the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in Bar Harbor Bankshares in the 4th quarter valued at $352,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

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.