Bar Harbor Bankshares (NYSE:BHB) Sees Strong Trading Volume – Still a Buy?

Shares of Bar Harbor Bankshares (NYSE:BHB) saw unusually-high trading volume on Tuesday . Approximately 235,748 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 80,681 shares.The stock last traded at $31.88 and had previously closed at $31.30.

Bar Harbor Bankshares Trading Up 1.6%

The firm has a market capitalization of $530.71 million, a price-to-earnings ratio of 13.83 and a beta of 0.62. The business has a 50-day moving average price of $33.28 and a two-hundred day moving average price of $31.70.

Institutional Trading of Bar Harbor Bankshares

Several hedge funds have recently added to or reduced their stakes in BHB. Dimensional Fund Advisors LP increased its stake in Bar Harbor Bankshares by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 879,482 shares of the company’s stock valued at $26,789,000 after buying an additional 5,239 shares during the period. Vanguard Group Inc. boosted its stake in Bar Harbor Bankshares by 2.6% during the third quarter. Vanguard Group Inc. now owns 864,661 shares of the company’s stock valued at $26,338,000 after buying an additional 21,589 shares in the last quarter. Geode Capital Management LLC grew its holdings in Bar Harbor Bankshares by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 410,445 shares of the company’s stock worth $12,747,000 after acquiring an additional 34,306 shares during the period. American Century Companies Inc. raised its position in Bar Harbor Bankshares by 4.0% in the second quarter. American Century Companies Inc. now owns 262,882 shares of the company’s stock worth $7,876,000 after acquiring an additional 10,204 shares in the last quarter. Finally, Boston Partners raised its position in Bar Harbor Bankshares by 12.4% in the fourth quarter. Boston Partners now owns 146,360 shares of the company’s stock worth $4,544,000 after acquiring an additional 16,156 shares in the last quarter. Institutional investors 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.