Exceptional positive changes in Bar Harbor Bankshares (NYSEAMERICAN: BHB) investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.
Recent important positive changes in fundamentals have benefitted Bar Harbor Bankshares (NYSEAMERICAN: BHB): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BHB is expected to continue to be a Value Builder.
Bar Harbor Bankshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Bar Harbor Bankshares has a slightly positive Appreciation Score of 61 and a good Power Rating of 70, triggering the Positive Value Trend Rating.
Recent Price Action
Bar Harbor Bankshares (NYSEAMERICAN: BHB) stock closed at $29.79 on 12/15/23 after an increase of 1.9%. Moreover, exceptionally high trading volume at 688% of normal accompanied the advance. The stock has risen 7.5% during the last week and has been strong relative to the market over the last nine months.
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