Bar Harbor Bankshares (NYSE:BHB) Stock Price Down 5.1% – What’s Next?

Bar Harbor Bankshares (NYSE:BHB) traded down 5.1% during trading on Tuesday . The company traded as low as $32.73 and last traded at $32.98. 2,471 shares were traded during trading, a decline of 97% from the average session volume of 73,846 shares. The stock had previously closed at $34.74.

Bar Harbor Bankshares Stock Performance

The business has a fifty day moving average price of $33.21 and a 200 day moving average price of $31.58. The firm has a market capitalization of $550.40 million, a price-to-earnings ratio of 14.34 and a beta of 0.65.

Hedge Funds Weigh In On Bar Harbor Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of BHB. CSM Advisors LLC acquired a new position in Bar Harbor Bankshares in the 2nd quarter worth $2,690,000. Focus Partners Wealth lifted its stake in shares of Bar Harbor Bankshares by 459.8% in the third quarter. Focus Partners Wealth now owns 90,870 shares of the company’s stock worth $2,768,000 after acquiring an additional 74,638 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Bar Harbor Bankshares in the fourth quarter valued at about $1,408,000. Delphi Management Inc. MA acquired a new stake in Bar Harbor Bankshares during the 3rd quarter valued at approximately $1,322,000. Finally, UBS Group AG increased its holdings in Bar Harbor Bankshares by 489.9% during the 3rd quarter. UBS Group AG now owns 48,087 shares of the company’s stock worth $1,465,000 after purchasing an additional 39,935 shares during the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.

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.