LSV Asset Management Raises Position in Bar Harbor Bankshares $BHB

LSV Asset Management grew its holdings in Bar Harbor Bankshares (NYSE:BHB) by 24.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 92,550 shares of the company’s stock after buying an additional 18,336 shares during the quarter. LSV Asset Management’s holdings in Bar Harbor Bankshares were worth $2,819,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BHB. Acadian Asset Management LLC purchased a new position in Bar Harbor Bankshares in the first quarter valued at $73,000. Mascoma Wealth Management LLC raised its position in Bar Harbor Bankshares by 677.9% in the 3rd quarter. Mascoma Wealth Management LLC now owns 2,427 shares of the company’s stock valued at $74,000 after purchasing an additional 2,115 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Bar Harbor Bankshares in the 2nd quarter valued at about $93,000. BNP Paribas Financial Markets grew its position in shares of Bar Harbor Bankshares by 137.7% during the second quarter. BNP Paribas Financial Markets now owns 3,599 shares of the company’s stock worth $108,000 after buying an additional 2,085 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Bar Harbor Bankshares by 1,242.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,067 shares of the company’s stock worth $122,000 after buying an additional 3,764 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Bar Harbor Bankshares Price Performance

Shares of NYSE BHB opened at $35.06 on Tuesday. The business has a 50-day moving average of $33.00 and a two-hundred day moving average of $31.41. The company has a market capitalization of $585.12 million, a price-to-earnings ratio of 15.24 and a beta of 0.65. Bar Harbor Bankshares has a 1 year low of $26.43 and a 1 year high of $36.05.

Wall Street Analysts Forecast Growth

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

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.