Keefe, Bruyette & Woods Boosts Bar Harbor Bankshares (NYSEAMERICAN:BHB) Price Target to $36.00

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

Bar Harbor Bankshares Price Performance

Bar Harbor Bankshares stock opened at $30.61 on Monday. The company has a 50 day moving average of $31.18. 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 company has a market capitalization of $467.41 million, a PE ratio of 10.74 and a beta of 0.72. Bar Harbor Bankshares has a 12-month low of $23.26 and a 12-month high of $38.47.

Bar Harbor Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, February 20th. Bar Harbor Bankshares’s payout ratio is 42.11%.

Institutional Trading of Bar Harbor Bankshares

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Bar Harbor Bankshares by 5.6% in the 3rd quarter. State Street Corp now owns 362,823 shares of the financial services provider’s stock valued at $11,189,000 after acquiring an additional 19,118 shares in the last quarter. Barclays PLC lifted its position in Bar Harbor Bankshares by 50.0% in the 3rd quarter. Barclays PLC now owns 49,714 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 16,579 shares in the last quarter. Trust Co. of Vermont lifted its position in Bar Harbor Bankshares by 561.1% in the 4th quarter. Trust Co. of Vermont now owns 39,444 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 33,478 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Bar Harbor Bankshares in the 4th quarter worth approximately $242,000. Finally, JPMorgan Chase & Co. lifted its position in Bar Harbor Bankshares by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,916 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 22,212 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors.

About Bar Harbor Bankshares

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.