Bar Harbor Wealth Management Sells 41,874 Shares of Bar Harbor Bankshares $BHB

Bar Harbor Wealth Management reduced its holdings in Bar Harbor Bankshares (NYSE:BHB) by 8.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 435,667 shares of the company’s stock after selling 41,874 shares during the quarter. Bar Harbor Wealth Management owned 2.61% of Bar Harbor Bankshares worth $13,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BHB. Hsbc Holdings PLC purchased a new position in Bar Harbor Bankshares in the 1st quarter worth approximately $214,000. Vanguard Group Inc. grew its position in Bar Harbor Bankshares by 1.7% in the first quarter. Vanguard Group Inc. now owns 807,331 shares of the company’s stock worth $23,816,000 after acquiring an additional 13,243 shares in the last quarter. Trust Co. of Vermont increased its stake in Bar Harbor Bankshares by 67.7% in the second quarter. Trust Co. of Vermont now owns 73,332 shares of the company’s stock valued at $2,197,000 after acquiring an additional 29,606 shares during the last quarter. Nuveen LLC purchased a new stake in Bar Harbor Bankshares during the first quarter valued at about $1,464,000. Finally, Brant Point Investment Management LLC bought a new stake in Bar Harbor Bankshares during the first quarter worth about $583,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BHB shares. Zacks Research lowered Bar Harbor Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods lifted 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 note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bar Harbor Bankshares currently has an average rating of “Hold” and an average price target of $34.50.

Bar Harbor Bankshares Stock Performance

Shares of Bar Harbor Bankshares stock opened at $32.00 on Thursday. Bar Harbor Bankshares has a 52-week low of $26.43 and a 52-week high of $35.00. The company’s 50 day moving average price is $30.46 and its 200-day moving average price is $30.66. The stock has a market capitalization of $534.05 million, a price-to-earnings ratio of 13.79 and a beta of 0.65.

Bar Harbor Bankshares Company Profile

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.