The stock of Bar Harbor Bankshares (NYSEMKT:BHB) reached all time high today, Nov, 24 and still has $45.29 target or 4.00% above today’s $43.55 share price. This indicates more upside for the $274.40 million company. This technical setup was reported by Barchart.com. If the $45.29 PT is reached, the company will be worth $10.98M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.62% or $0.27 on November 23, hitting $43.55. About 14,260 shares traded hands or 39.79% up from the average. Bar Harbor Bankshares (NYSEMKT:BHB) has risen 30.70% since April 22, 2016 and is uptrending. It has outperformed by 25.29% 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: Businesswire.com which released: “Bar Harbor Bankshares Expands Into New Hampshire and Vermont with Lake Sunapee …” on May 05, 2016, also Reuters.com with their article: “BRIEF-Bar Harbor Bankshares appointed Josephine Iannelli as executive vice…” published on June 29, 2016, Streetinsider.com published: “Form 4 BAR HARBOR BANKSHARES For: Nov 22 Filed by: Colter David M” on November 23, 2016. More interesting news about Bar Harbor Bankshares (NYSEMKT:BHB) were released by: Businesswire.com and their article: “Bar Harbor Bankshares Reports Third Quarter Earnings” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Bar Harbor Bankshares: A Merger Mispricing And Arbitrage Play” with publication date: June 15, 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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