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

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

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

NYSEAMERICAN:BHB traded down $0.90 during trading hours on Wednesday, reaching $23.72. The company’s stock had a trading volume of 29,335 shares, compared to its average volume of 33,258. The stock has a market cap of $360.31 million, a PE ratio of 8.04 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 quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Bar Harbor Bankshares

A number of large investors have recently added to or reduced their stakes in BHB. Credit Suisse AG grew its holdings in Bar Harbor Bankshares by 3.0% in the 4th quarter. Credit Suisse AG now owns 11,188 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 325 shares during the last quarter. Legal & General Group Plc boosted its stake 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 in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Bar Harbor Bankshares by 65.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 395 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Bar Harbor Bankshares by 6.5% during the 4th quarter. MetLife Investment Management LLC now owns 8,070 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 489 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bar Harbor Bankshares by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 40,055 shares of the financial services provider’s stock worth $987,000 after buying an additional 596 shares during the last quarter. Hedge funds and other institutional investors 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.