Thrivent Financial for Lutherans Lowers Position in Bar Harbor Bankshares $BHB

Thrivent Financial for Lutherans decreased its stake in shares of Bar Harbor Bankshares (NYSE:BHB) by 67.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,793 shares of the company’s stock after selling 18,608 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of Bar Harbor Bankshares worth $268,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BHB. Acadian Asset Management LLC bought a new position in Bar Harbor Bankshares during the first quarter valued at about $73,000. Mascoma Wealth Management LLC boosted its holdings 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 worth $74,000 after buying an additional 2,115 shares during the period. Raymond James Financial Inc. bought a new position in Bar Harbor Bankshares in the 2nd quarter worth about $93,000. BNP Paribas Financial Markets increased its holdings in Bar Harbor Bankshares by 137.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,599 shares of the company’s stock worth $108,000 after acquiring an additional 2,085 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in 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.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on Bar Harbor Bankshares from $33.00 to $34.00 and gave the company 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 data from MarketBeat.com, Bar Harbor Bankshares has a consensus rating of “Hold” and a consensus target price of $34.50.

Bar Harbor Bankshares Stock Down 1.2%

Shares of BHB opened at $35.00 on Thursday. Bar Harbor Bankshares has a twelve month low of $26.43 and a twelve month high of $36.05. The company has a market capitalization of $584.12 million, a P/E ratio of 15.22 and a beta of 0.65. The firm has a 50 day moving average of $33.13 and a 200 day moving average of $31.48.

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.