Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
23 September 1997Website:
http://www.barharbor.bankNext earnings report:
23 January 2025Last dividends:
15 August 2024Next dividends:
14 November 2024Price
after hours | Fri, 01 Nov 2024 20:02:51 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
BHB Latest News
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.
Bar Harbor (BHB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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What type of business is Bar Harbor Bankshares?
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial construction loans, such as raw land, land development, and construction of commercial and multifamily residential properties; commercial real estate owner occupied and non-owner occupied loans; tax exempt loans to various state and municipal government entities; commercial and industrial loans, including loans for the purpose of financing working capital and capital investment; residential real estate loans consists of one-to-four family homes; home equity loans; and consumer loans, including personal lines of credit and amortizing loans to qualified individuals for various purposes, such as auto loans, recreational equipment, overdraft protection, and other consumer loans. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401(K) plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. Bar Harbor Bankshares was founded in 1887 and is headquartered in Bar Harbor, Maine.
What sector is Bar Harbor Bankshares in?
Bar Harbor Bankshares is in the Financial Services sector
What industry is Bar Harbor Bankshares in?
Bar Harbor Bankshares is in the Banks - Regional industry
What country is Bar Harbor Bankshares from?
Bar Harbor Bankshares is headquartered in United States
When did Bar Harbor Bankshares go public?
Bar Harbor Bankshares initial public offering (IPO) was on 23 September 1997
What is Bar Harbor Bankshares website?
https://www.barharbor.bank
Is Bar Harbor Bankshares in the S&P 500?
No, Bar Harbor Bankshares is not included in the S&P 500 index
Is Bar Harbor Bankshares in the NASDAQ 100?
No, Bar Harbor Bankshares is not included in the NASDAQ 100 index
Is Bar Harbor Bankshares in the Dow Jones?
No, Bar Harbor Bankshares is not included in the Dow Jones index
When was Bar Harbor Bankshares the previous earnings report?
No data
When does Bar Harbor Bankshares earnings report?
The next expected earnings date for Bar Harbor Bankshares is 23 January 2025