Bar Harbor Bankshares (NYSEAMERICAN:BHB) Releases Earnings Results, Beats Estimates By $0.12 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.12, Yahoo Finance reports. Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%. The business had revenue of $58.23 million during the quarter, compared to analyst estimates of $37.30 million.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN BHB traded up $0.38 during midday trading on Wednesday, hitting $30.87. The company had a trading volume of 1,883 shares, compared to its average volume of 36,947. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $471.38 million, a price-to-earnings ratio of 11.25 and a beta of 0.68. Bar Harbor Bankshares has a fifty-two week low of $23.18 and a fifty-two week high of $33.31.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

Bar Harbor Bankshares Company Profile

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.