Bar Harbor Bankshares (NYSEAMERICAN:BHB) Price Target Raised to $38.00 at Keefe, Bruyette & Woods

Bar Harbor Bankshares (NYSEAMERICAN:BHB) had its price objective boosted by Keefe, Bruyette & Woods from $36.00 to $38.00 in a report released on Wednesday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Separately, Piper Sandler reiterated an “overweight” rating and issued a $41.00 price objective (up from $39.00) on shares of Bar Harbor Bankshares in a research report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Bar Harbor Bankshares presently has an average rating of “Hold” and an average target price of $39.50.

Bar Harbor Bankshares Stock Performance

Shares of Bar Harbor Bankshares stock opened at $38.24 on Wednesday. The stock’s fifty day simple moving average is $36.44 and its 200 day simple moving average is $34.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $640.14 million, a PE ratio of 12.92 and a beta of 0.60. Bar Harbor Bankshares has a 12 month low of $28.06 and a 12 month high of $39.67.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $49.68 million during the quarter, compared to analysts’ expectations of $49.32 million. Bar Harbor Bankshares had a return on equity of 11.51% and a net margin of 18.46%. On average, research analysts predict that Bar Harbor Bankshares will post 3.67 EPS for the current year.

Bar Harbor Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, August 20th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, August 20th. Bar Harbor Bankshares’s payout ratio is 47.72%.

Insider Buying and Selling at Bar Harbor Bankshares

In other news, Director Matthew L. Caras acquired 760 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $34.68 per share, for a total transaction of $26,356.80. Following the completion of the acquisition, the director owned 22,894 shares in the company, valued at $793,963.92. This represents a 3.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of large investors have recently bought and sold shares of BHB. Royal Bank of Canada grew its stake in shares of Bar Harbor Bankshares by 11.1% during the 1st quarter. Royal Bank of Canada now owns 50,501 shares of the financial services provider’s stock worth $1,490,000 after acquiring an additional 5,036 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Bar Harbor Bankshares by 36.6% in the first quarter. AQR Capital Management LLC now owns 10,964 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 2,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bar Harbor Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,945 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC boosted its holdings in Bar Harbor Bankshares by 8.2% during the first quarter. Empowered Funds LLC now owns 49,544 shares of the financial services provider’s stock worth $1,462,000 after purchasing an additional 3,754 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Bar Harbor Bankshares in the first quarter valued at $522,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

More Bar Harbor Bankshares News

Here are the key news stories impacting Bar Harbor Bankshares this week:

• Positive Sentiment: Bar Harbor Bankshares reported second-quarter EPS of $0.92 and revenue of $49.68 million, both ahead of expectations, which supports the stock. Bar Harbor Bankshares Reports Second Quarter 2026 Results; Declares Dividend
• Positive Sentiment: The company declared a quarterly dividend of $0.34 per share, reinforcing its appeal as an income stock with a roughly 3.5% annualized yield. Bar Harbor Bankshares Reports Second Quarter 2026 Results; Declares Dividend
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Bar Harbor Bankshares to $38 from $36, suggesting improved expectations for the shares. Benzinga report on price target increase
• Neutral Sentiment: Despite the higher price target, KBW maintained its “market perform” rating, indicating a still-cautious view rather than a strong bullish call. Benzinga report on price target increase
• Neutral Sentiment: Zacks highlighted BHB as a potential dividend stock, which may help investor interest but does not by itself change fundamentals. Why Bar Harbor Bankshares (BHB) is a Top Dividend Stock for Your Portfolio

About Bar Harbor Bankshares

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.