Bar Harbor Bankshares $BHB Shares Acquired by Coston McIsaac & Partners

Coston McIsaac & Partners increased its stake in shares of Bar Harbor Bankshares (NYSE:BHB) by 83.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,974 shares of the company’s stock after acquiring an additional 34,493 shares during the quarter. Coston McIsaac & Partners owned about 0.46% of Bar Harbor Bankshares worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new position in shares of Bar Harbor Bankshares during the first quarter worth about $73,000. Mascoma Wealth Management LLC boosted its position in shares of Bar Harbor Bankshares by 677.9% in the 3rd quarter. Mascoma Wealth Management LLC now owns 2,427 shares of the company’s stock valued at $74,000 after purchasing an additional 2,115 shares during the period. Raymond James Financial Inc. purchased a new position in Bar Harbor Bankshares during the 2nd quarter worth approximately $93,000. BNP Paribas Financial Markets grew its stake 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 buying an additional 2,085 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased 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 during the period. 54.49% of the stock is owned by hedge funds and other institutional investors.

Bar Harbor Bankshares Trading Down 1.4%

Bar Harbor Bankshares stock opened at $35.14 on Friday. The stock has a 50 day moving average of $32.40 and a two-hundred day moving average of $31.17. Bar Harbor Bankshares has a twelve month low of $26.43 and a twelve month high of $36.05. The stock has a market capitalization of $586.45 million, a price-to-earnings ratio of 15.28 and a beta of 0.65.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bar Harbor Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.