Bar Harbor Bankshares (NYSEAMERICAN:BHB) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12, Yahoo Finance reports. The firm had revenue of $58.23 million during the quarter, compared to analysts’ expectations of $37.30 million. Bar Harbor Bankshares had a net margin of 18.86% and a return on equity of 9.72%.

Bar Harbor Bankshares Price Performance

NYSEAMERICAN:BHB opened at $30.49 on Wednesday. Bar Harbor Bankshares has a 12-month low of $23.18 and a 12-month high of $33.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $465.58 million, a PE ratio of 11.25 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Bar Harbor Bankshares in a report on Thursday, September 5th.

Bar Harbor Bankshares Company Profile

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.