Bar Harbor Bankshares (BHB) Scheduled to Post Quarterly Earnings on Thursday

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) is scheduled to post its quarterly earnings results on Thursday, April 18th.

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Bar Harbor Bankshares had a net margin of 21.36% and a return on equity of 10.92%. The business 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 Stock Performance

NYSEAMERICAN BHB traded down $0.82 on Wednesday, hitting $23.80. 29,335 shares of the company's stock traded hands, compared to its average volume of 33,372. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. Bar Harbor Bankshares has a 1-year low of $19.55 and a 1-year high of $30.37. The stock has a market cap of $361.52 million, a price-to-earnings ratio of 8.07 and a beta of 0.74.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of Bar Harbor Bankshares from a "b" rating to a "c+" rating in a report on Monday, March 11th.

Institutional Investors Weigh In On Bar Harbor Bankshares

A number of large investors have recently modified their holdings of BHB. Great West Life Assurance Co. Can grew its holdings in shares of Bar Harbor Bankshares by 65.5% during the first quarter. Great West Life Assurance Co. Can now owns 998 shares of the financial services provider's stock worth $29,000 after buying an additional 395 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Bar Harbor Bankshares by 196.2% during the second quarter. Osaic Holdings Inc. now owns 1,552 shares of the financial services provider's stock worth $38,000 after buying an additional 1,028 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Bar Harbor Bankshares by 39.9% during the first quarter. Tower Research Capital LLC TRC now owns 2,799 shares of the financial services provider's stock worth $74,000 after buying an additional 798 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Bar Harbor Bankshares by 172.7% during the second quarter. Captrust Financial Advisors now owns 4,211 shares of the financial services provider's stock worth $109,000 after buying an additional 2,667 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of Bar Harbor Bankshares by 1,173.9% during the 2nd quarter. Citigroup Inc. now owns 4,841 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 4,461 shares during the last quarter. Hedge funds and other institutional investors own 54.49% of the company's stock.

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.