Bar Harbor Bankshares (BHB) to Release Quarterly Earnings on Thursday

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

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $37.64 million during the quarter, compared to analysts’ expectations of $37.40 million. Bar Harbor Bankshares had a return on equity of 10.92% and a net margin of 21.36%. 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

BHB stock traded down $0.90 during trading on Wednesday, hitting $23.72. 29,335 shares of the company’s stock were exchanged, compared to its average volume of 33,258. The stock has a market cap of $360.31 million, a price-to-earnings ratio of 8.04 and a beta of 0.74. Bar Harbor Bankshares has a 52-week low of $19.55 and a 52-week high of $30.37. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77.

Institutional Investors Weigh In On Bar Harbor Bankshares

Large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can lifted its holdings in Bar Harbor Bankshares by 65.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock worth $29,000 after buying an additional 395 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Bar Harbor Bankshares by 196.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,552 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,028 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Bar Harbor Bankshares by 39.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,799 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 798 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Bar Harbor Bankshares by 172.7% in the 2nd quarter. Captrust Financial Advisors now owns 4,211 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,667 shares during the last quarter. Finally, Citigroup Inc. increased its position in Bar Harbor Bankshares by 1,173.9% in the 2nd quarter. Citigroup Inc. now owns 4,841 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 4,461 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Bar Harbor Bankshares from a “b” rating to a “c+” rating in a report 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.