The stock of Bar Harbor Bankshares (NYSEMKT:BHB) hit a new 52-week high and has $45.46 target or 3.00% above today’s $44.14 share price. The 8 months bullish chart indicates low risk for the $265.15 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $45.46 price target is reached, the company will be worth $7.95 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10,477 shares traded hands. Bar Harbor Bankshares (NYSEMKT:BHB) has risen 28.60% since April 28, 2016 and is uptrending. It has outperformed by 22.67% the S&P500.
Analysts await Bar Harbor Bankshares (NYSEMKT:BHB) to report earnings on January, 26.
According to Zacks Investment Research, “Bar Harbor Bankshares is a retail bank serving primarily individual customers, small retail establishments, seasonal lodging, campgrounds and restaurants. The bank provides the normal banking services offered by a commercial bank including checking accounts, NOW accounts, all forms of savings and time deposit accounts, individual retirement accounts, safe deposit boxes, collections, travelers checks, night depository services, direct deposit payroll services, credit cards, personal money orders, bank-by-mail and club accounts and drive-up facilities at all offices.”
More notable recent Bar Harbor Bankshares (NYSEMKT:BHB) news were published by: Streetinsider.com which released: “Form 4 BAR HARBOR BANKSHARES For: Nov 22 Filed by: DUDMAN MARTHA T” on November 20, 2014, also Businesswire.com with their article: “Bar Harbor Bankshares Expands Into New Hampshire and Vermont with Lake Sunapee …” published on May 05, 2016, Reuters.com published: “BRIEF-Bar Harbor Bankshares appointed Josephine Iannelli as executive vice…” on June 29, 2016. More interesting news about Bar Harbor Bankshares (NYSEMKT:BHB) were released by: Seekingalpha.com and their article: “Bar Harbor Bankshares: A Merger Mispricing And Arbitrage Play” published on June 15, 2016 as well as Businesswire.com‘s news article titled: “Bar Harbor Bankshares Reports Third Quarter Earnings” with publication date: October 27, 2016.
BHB Company Profile
Bar Harbor Bankshares (BHB), incorporated on January 19, 1984, is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services (Trust Services), a Maine chartered non-depository trust company. These services and products are offered to individuals, businesses, not-for-profit organizations and municipalities.
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