Bar Harbor Bankshares (NYSE:BHB) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Bar Harbor Bankshares (NYSE:BHB) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Bar Harbor Bankshares Stock Performance

Shares of BHB stock opened at $29.30 on Wednesday. The stock has a market cap of $448.79 million, a PE ratio of 10.28 and a beta of 0.66. Bar Harbor Bankshares has a twelve month low of $24.48 and a twelve month high of $38.47.

Institutional Trading of Bar Harbor Bankshares

An institutional investor recently raised its position in Bar Harbor Bankshares stock. Nisa Investment Advisors LLC increased its position in shares of Bar Harbor Bankshares (NYSE:BHB) by 33.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,713 shares of the company’s stock after buying an additional 430 shares during the period. Nisa Investment Advisors LLC’s holdings in Bar Harbor Bankshares were worth $51,000 at the end of the most recent reporting period. 54.49% of the stock is owned by institutional investors.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. 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.