Bar Harbor Bankshares (NYSEAMERICAN:BHB) Posts Earnings Results, Beats Expectations By $0.11 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) posted its quarterly earnings data on Thursday. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11, FiscalAI reports. The business had revenue of $51.49 million for the quarter, compared to analyst estimates of $50.17 million. Bar Harbor Bankshares had a net margin of 18.46% and a return on equity of 11.41%.

Bar Harbor Bankshares Price Performance

Shares of BHB opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $661.91 million, a price-to-earnings ratio of 13.33 and a beta of 0.63. The business’s 50-day moving average is $39.43 and its 200-day moving average is $37.52. Bar Harbor Bankshares has a fifty-two week low of $28.50 and a fifty-two week high of $41.12.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Bar Harbor Bankshares from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. Piper Sandler restated an “overweight” rating and set a $44.00 target price (up from $41.00) on shares of Bar Harbor Bankshares in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bar Harbor Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.00.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares (NYSE American: BHB) is a bank holding company for Bar Harbor Bank & Trust, a community banking institution headquartered in Bar Harbor, Maine. The bank traces its roots to 1887 and serves individuals, families, businesses and nonprofit organizations through a network of banking offices and digital channels.

Bar Harbor Bank & Trust provides a range of financial services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial loans, cash-management services and online and mobile banking.