Delphi Management Inc. MA Takes $1.32 Million Position in Bar Harbor Bankshares $BHB

Delphi Management Inc. MA acquired a new stake in Bar Harbor Bankshares (NYSE:BHB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 43,395 shares of the company’s stock, valued at approximately $1,322,000. Delphi Management Inc. MA owned approximately 0.26% of Bar Harbor Bankshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Bar Harbor Bankshares by 1.7% in the first quarter. Vanguard Group Inc. now owns 807,331 shares of the company’s stock valued at $23,816,000 after acquiring an additional 13,243 shares during the period. Nuveen LLC bought a new position in shares of Bar Harbor Bankshares during the 1st quarter valued at about $1,464,000. Hsbc Holdings PLC acquired a new position in shares of Bar Harbor Bankshares in the 1st quarter valued at approximately $214,000. Brant Point Investment Management LLC acquired a new position in shares of Bar Harbor Bankshares in the 1st quarter valued at approximately $583,000. Finally, Royal Bank of Canada increased its stake in Bar Harbor Bankshares by 11.1% during the 1st quarter. Royal Bank of Canada now owns 50,501 shares of the company’s stock worth $1,490,000 after purchasing an additional 5,036 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors.

Bar Harbor Bankshares Stock Down 0.4%

Shares of BHB opened at $32.00 on Thursday. The stock has a market capitalization of $534.05 million, a P/E ratio of 13.79 and a beta of 0.65. Bar Harbor Bankshares has a twelve month low of $26.43 and a twelve month high of $35.00. The company has a 50 day moving average of $30.46 and a 200-day moving average of $30.66.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Bar Harbor Bankshares from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Zacks Research cut shares of Bar Harbor Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.