Bar Harbor BanksharesBHB
BHB
About: Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. The company has following reportable segments such as Commercial construction, Commercial real estate owner occupied and non-owner occupied, Tax Exempt, Commercial and industrial loans, Residential real estate, Home equity and Consumer other. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning..
Employees: 462
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4,995% more call options, than puts
Call options by funds: $1.07M | Put options by funds: $21K
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
17% more capital invested
Capital invested by funds: $225M [Q2] → $263M (+$38.2M) [Q3]
13% more funds holding
Funds holding: 109 [Q2] → 123 (+14) [Q3]
1.39% more ownership
Funds ownership: 55.0% [Q2] → 56.39% (+1.39%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$34
7%
upside
Avg. target
$34
7%
upside
High target
$34
7%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 7%upside $34 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Here's Why Bar Harbor (BHB) Is a Great 'Buy the Bottom' Stock Now
Bar Harbor (BHB) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Neutral
Seeking Alpha
1 month ago
My Portfolio's Biggest Winners And Losers From A Republican Sweep
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT fundamentals by suppressing new construction starts due to higher interest rates. My portfolio saw significant movements post-election, with regional banks and energy stocks gaining, while renewables and healthcare REITs faced short-term declines.
Positive
Zacks Investment Research
1 month ago
Bar Harbor Bankshares (BHB) Surpasses Q3 Earnings and Revenue Estimates
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.
Neutral
Accesswire
1 month ago
Bar Harbor Bankshares Reports Third Quarter 2024 Results; Declares Dividend
BAR HARBOR, ME / ACCESSWIRE / October 22, 2024 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported third quarter 2024 GAAP and core (Non-GAAP) net income of $12.1 million or $0.80 per diluted share compared to GAAP and core (Non-GAAP) net income of $11.1 million or $0.73 per diluted share in the same quarter of 2023. THIRD QUARTER 2024 HIGHLIGHTS Return on assets of 1.20% Core deposit growth of 18% annualized Net interest margin of 3.15% Non-accruing loans to total loans ratio of 0.23% Wealth management related fee income growth of 17% year over year Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C.
Positive
Seeking Alpha
2 months ago
Bar Harbor Bankshares: Upgrading To Buy, Earnings Likely To Recover Next Year
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%.
Positive
Seeking Alpha
5 months ago
Bar Harbor: Stable Bank With A Growing Dividend
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.
Negative
Zacks Investment Research
5 months ago
Bar Harbor Bankshares (BHB) Q2 Earnings Miss Estimates
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.
Neutral
Accesswire
5 months ago
Bar Harbor Bankshares Reports Second Quarter 2024 Results; Declares Dividend
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.
Positive
Seeking Alpha
6 months ago
Everything On My Buy List For The First Week Of June
Despite strong economic indicators such as high employment and rising wages, consumers are pessimistic about the US economy. A recent poll found that 56% of Americans believe the economy is in recession, highlighting the disconnect between perception and reality. Factors such as inflation, high levels of debt, and government spending are contributing to consumer pessimism and a mixed and nuanced view of the economy.
Positive
Seeking Alpha
6 months ago
9 Stocks I'm Buying In Late May
My natural inclination is to save money and invest in dividend growth stocks, but it pays dividends to remember that the ultimate goal is the financial freedom to enjoy life. The article highlights the shift in market narrative from rate cuts to potential rate hikes, and the impact this has on stock prices. I maintain that the economy is in disinflationary mode, and the economic drag caused by fiscal largesse and government debt actually reinforces this.
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