Means Investment CO. Inc. Has $927,000 Holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Means Investment CO. Inc. lifted its position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,072 shares of the financial services provider’s stock after buying an additional 3,685 shares during the quarter. Means Investment CO. Inc. owned about 0.20% of Bar Harbor Bankshares worth $927,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Bancorp Inc ME bought a new position in Bar Harbor Bankshares during the third quarter worth $220,000. BNP Paribas Financial Markets boosted its stake in Bar Harbor Bankshares by 91.1% during the first quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 3,429 shares in the last quarter. SlateStone Wealth LLC bought a new position in Bar Harbor Bankshares during the second quarter worth $201,000. Algert Global LLC boosted its stake in Bar Harbor Bankshares by 19.7% during the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 1,530 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Bar Harbor Bankshares during the third quarter worth $293,000. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Bar Harbor Bankshares Trading Down 3.5 %

Shares of BHB stock opened at $30.68 on Friday. The stock has a market capitalization of $468.48 million, a PE ratio of 11.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.00 and a quick ratio of 1.00. Bar Harbor Bankshares has a one year low of $23.18 and a one year high of $33.31.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%. The company had revenue of $37.39 million for the quarter, compared to analysts’ expectations of $36.80 million. On average, sell-side analysts forecast that Bar Harbor Bankshares will post 2.68 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler reissued a “neutral” rating and set a $33.00 target price on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

Bar Harbor Bankshares Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. 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.