Bar Harbor Bankshares (NYSEAMERICAN: BHB) stock enjoyed a major increase of 15.8% on 11/6/24. The shares closed at $38.23. Moreover, exceptionally high trading volume at 302% of normal accompanied the advance. The stock has risen 16.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BHB is expected to continue to be a modest Value Builder.
Bar Harbor Bankshares has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bar Harbor Bankshares has a slightly positive Appreciation Score of 62 and a good Power Rating of 84, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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