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

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

Bar Harbor Bankshares Trading Up 1.6 %

Shares of BHB opened at $30.49 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Bar Harbor Bankshares has a twelve month low of $23.18 and a twelve month high of $33.31. The stock has a market cap of $465.58 million, a PE ratio of 11.25 and a beta of 0.68.

Wall Street Analyst Weigh In

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

About 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.