Bar Harbor Bankshares (BHB) Set to Announce Quarterly Earnings on Thursday

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

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $37.64 million during the quarter, compared to the consensus estimate 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 Trading Down 3.7 %

BHB traded down $0.90 during trading on Wednesday, hitting $23.72. The company had a trading volume of 20,422 shares, compared to its average volume of 33,191. The stock has a market capitalization of $360.31 million, a PE ratio of 8.19 and a beta of 0.74. Bar Harbor Bankshares has a 1-year low of $19.55 and a 1-year high of $30.37. 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 Trading of Bar Harbor Bankshares

Large investors have recently added to or reduced their stakes in the business. Credit Suisse AG increased its stake in shares of Bar Harbor Bankshares by 3.0% during the fourth quarter. Credit Suisse AG now owns 11,188 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 325 shares during the period. Legal & General Group Plc increased 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 valued at $175,000 after purchasing an additional 330 shares during the period. Great West Life Assurance Co. Can boosted its stake in Bar Harbor Bankshares by 65.5% during the first quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock valued at $29,000 after buying an additional 395 shares in the last quarter. MetLife Investment Management LLC raised its position in Bar Harbor Bankshares by 6.5% in the fourth quarter. MetLife Investment Management LLC now owns 8,070 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 489 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Bar Harbor Bankshares by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,055 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 596 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.