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

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Bar Harbor Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Bar Harbor Bankshares currently has an average rating of “Hold” and a consensus target price of $34.50.

Bar Harbor Bankshares Price Performance

The stock’s 50-day simple moving average is $32.51 and its two-hundred day simple moving average is $31.19. The firm has a market cap of $594.13 million, a P/E ratio of 15.48 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Delphi Management Inc. MA purchased a new position in shares of Bar Harbor Bankshares in the 3rd quarter valued at approximately $1,322,000. Coston McIsaac & Partners grew its position in Bar Harbor Bankshares by 83.2% during the 3rd quarter. Coston McIsaac & Partners now owns 75,974 shares of the company’s stock worth $2,313,000 after purchasing an additional 34,493 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in Bar Harbor Bankshares during the 3rd quarter valued at approximately $932,000. LSV Asset Management raised its holdings in shares of Bar Harbor Bankshares by 34.3% in the second quarter. LSV Asset Management now owns 74,214 shares of the company’s stock worth $2,223,000 after buying an additional 18,964 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Bar Harbor Bankshares by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 365,258 shares of the company’s stock valued at $10,945,000 after acquiring an additional 18,306 shares during the period. Hedge funds and other 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.