Bar Harbor Bankshares (BHB) to Release Earnings on Thursday

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

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

Shares of NYSEAMERICAN:BHB traded down $0.90 on Wednesday, reaching $23.72. The company had a trading volume of 29,335 shares, compared to its average volume of 33,372. Bar Harbor Bankshares has a twelve month low of $19.55 and a twelve month high of $30.37. The stock has a market capitalization of $360.31 million, a P/E ratio of 8.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC increased its stake in shares of Bar Harbor Bankshares by 63.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,796 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 3,019 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Bar Harbor Bankshares in the first quarter worth about $206,000. First Republic Investment Management Inc. bought a new position in shares of Bar Harbor Bankshares in the fourth quarter worth about $205,000. Hsbc Holdings PLC bought a new position in shares of Bar Harbor Bankshares in the fourth quarter worth about $203,000. Finally, Legal & General Group Plc increased its stake in shares of Bar Harbor Bankshares by 6.4% in the fourth quarter. Legal & General Group Plc now owns 5,469 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

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.