SG Americas Securities LLC Acquires Shares of 9,502 Bar Harbor Bankshares (NYSEAMERICAN:BHB)

SG Americas Securities LLC purchased a new position in Bar Harbor Bankshares (NYSEAMERICAN:BHB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,502 shares of the financial services provider’s stock, valued at approximately $293,000. SG Americas Securities LLC owned 0.06% of Bar Harbor Bankshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Bar Harbor Bankshares by 91.1% in the 1st quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 3,429 shares during the period. SlateStone Wealth LLC purchased a new stake in shares of Bar Harbor Bankshares in the 2nd quarter worth approximately $201,000. Algert Global LLC raised its stake in shares of Bar Harbor Bankshares by 19.7% during the 2nd 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. Prosperity Consulting Group LLC bought a new position in shares of Bar Harbor Bankshares during the 1st quarter worth approximately $289,000. Finally, Black Maple Capital Management LP bought a new position in shares of Bar Harbor Bankshares during the 1st quarter worth approximately $402,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bar Harbor Bankshares Stock Down 3.5 %

BHB stock opened at $30.68 on Monday. The firm has a market capitalization of $468.48 million, a PE ratio of 11.32 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Bar Harbor Bankshares has a 12 month low of $23.18 and a 12 month high of $33.31.

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

Bar Harbor Bankshares Company 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.