Bar Harbor Bankshares (BHB) to Release Earnings on Thursday

Bar Harbor Bankshares (NYSEAMERICAN:BHB) is scheduled to be releasing its earnings data on Thursday, April 18th.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Bar Harbor Bankshares had a return on equity of 10.92% and a net margin of 21.36%. The firm had revenue of $37.64 million during the quarter, compared to analyst estimates of $37.40 million. On average, analysts expect Bar Harbor Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Bar Harbor Bankshares Price Performance

Shares of Bar Harbor Bankshares stock traded down $0.90 during mid-day trading on Wednesday, reaching $23.72. 29,335 shares of the stock traded hands, compared to its average volume of 33,372. Bar Harbor Bankshares has a fifty-two week low of $19.55 and a fifty-two week high of $30.37. The stock has a market capitalization of $360.31 million, a P/E ratio of 8.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Investors Weigh In On Bar Harbor Bankshares

A number of institutional investors have recently added to or reduced their stakes in BHB. BNP Paribas Arbitrage SNC lifted its position in shares of Bar Harbor Bankshares by 63.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 7,796 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 3,019 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Bar Harbor Bankshares during the 1st quarter worth approximately $206,000. First Republic Investment Management Inc. acquired a new position in shares of Bar Harbor Bankshares during the 4th quarter worth approximately $205,000. Hsbc Holdings PLC acquired a new position in shares of Bar Harbor Bankshares during the 4th quarter worth approximately $203,000. Finally, Legal & General Group Plc raised its position in shares of Bar Harbor Bankshares by 6.4% during the 4th quarter. Legal & General Group Plc now owns 5,469 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research note on Monday, March 11th.

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.