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

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

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

Bar Harbor Bankshares stock traded down $0.90 during mid-day trading on Wednesday, reaching $23.72. 20,422 shares of the stock traded hands, compared to its average volume of 33,191. Bar Harbor Bankshares has a 12-month low of $19.55 and a 12-month high of $30.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $360.31 million, a PE ratio of 8.19 and a beta of 0.74.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Bar Harbor Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SNC increased its holdings in shares of Bar Harbor Bankshares by 63.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 7,796 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 3,019 shares during the period. Ameriprise Financial Inc. purchased a new stake in Bar Harbor Bankshares during the first quarter valued at approximately $206,000. First Republic Investment Management Inc. acquired a new stake in Bar Harbor Bankshares in the fourth quarter valued at approximately $205,000. Hsbc Holdings PLC purchased a new position in Bar Harbor Bankshares in the fourth quarter worth $203,000. Finally, Legal & General Group Plc lifted its holdings 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 last quarter. 54.49% of the stock is owned by institutional investors.

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.