Bar Harbor Bankshares (NYSEAMERICAN:BHB) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) announced its earnings results on Thursday. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04, FiscalAI reports. The company had revenue of $49.37 million during the quarter, compared to analysts’ expectations of $42.80 million. Bar Harbor Bankshares had a return on equity of 9.95% and a net margin of 15.51%.

Bar Harbor Bankshares Stock Up 1.0%

Shares of NYSEAMERICAN BHB traded up $0.34 during midday trading on Thursday, hitting $34.52. The company’s stock had a trading volume of 70,039 shares, compared to its average volume of 81,699. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market capitalization of $576.14 million, a price-to-earnings ratio of 14.88 and a beta of 0.66. The business’s fifty day simple moving average is $31.39 and its two-hundred day simple moving average is $30.97. Bar Harbor Bankshares has a 1 year low of $26.43 and a 1 year high of $35.29.

About Bar Harbor Bankshares

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.