Bar Harbor Bankshares (BHB) Stock

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.73 per share a year ago.

The loan growth outlook is positive thanks to interest rate cuts, stability in housing prices, and New England's consistently low unemployment rates. Interest rate cuts will likely pressurize the margin. I've reduced my margin estimate following the first half's disappointing performance. The December 2025 target price suggests a small price upside. Further, BHB is offering an attractive dividend yield of 4.1%.

Bar Harbor Bankshares is a stable regional bank at a 52-week high, with a reliable dividend for income investors. Revenues are stabilizing, with loan growth in the commercial segment driving positive results in a tough macro environment. Return metrics are strong, with improving return on assets and equity and a decreasing non-performing asset ratio, making the bank a quality investment option.

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.71 per share a year ago.

BAR HARBOR, ME / ACCESSWIRE / July 18, 2024 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported second quarter 2024 GAAP net income of $10.3 million and $0.67 per diluted share and core (Non-GAAP) net income of $10.0 million or $0.66 per diluted share compared to GAAP and core (Non-GAAP) net income $10.8 million or $0.71 per diluted share in the same quarter of 2023. SECOND QUARTER 2024 HIGHLIGHTS Return on assets of 1.04% Commercial loan growth of 14% annualized Net interest margin ("NIM") of 3.09% Non-accruing loans to total loans ratio of 0.20% 14% growth in trust and investment fee income Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C.

Bar Harbor Bankshares (BHB) reported quarterly earnings of $0.66 per share, which surpassed the Zacks Consensus Estimate of $0.65 per share. This is lower than the earnings of $0.86 per share from the same quarter last year.

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BHB, MTRN and MBCN have been added to the Zacks Rank #5 (Strong Sell) List on January 31, 2024.

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.83 per share a year ago.