Bar Harbor Bankshares (NYSEAMERICAN:BHB) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) released its quarterly earnings results on Thursday. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04, FiscalAI reports. The business had revenue of $49.37 million during the quarter, compared to analysts’ expectations of $42.80 million. Bar Harbor Bankshares had a return on equity of 9.95% and a net margin of 15.51%.

Bar Harbor Bankshares Trading Up 1.0%

Shares of BHB stock traded up $0.34 during trading hours on Thursday, hitting $34.52. The company had a trading volume of 70,039 shares, compared to its average volume of 81,699. The company’s fifty day moving average is $31.39 and its 200 day moving average is $30.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.93. Bar Harbor Bankshares has a fifty-two week low of $26.43 and a fifty-two week high of $35.29. The stock has a market capitalization of $576.14 million, a PE ratio of 14.88 and a beta of 0.66.

About Bar Harbor Bankshares

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.