Keefe Bruyette initiated coverage on Bar Harbor Bankshares with a new price target
$BHB
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Finance
Keefe Bruyette initiated coverage of Bar Harbor Bankshares with a rating of Outperform and set a new price target of $34.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2022 | $33.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/16/2021 | $34.00 | Outperform | Keefe Bruyette |
Bar Harbor Bankshares (AMEX:BHB) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.65 by 3.08 percent. This is a 5.63 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $37.39 million which beat the analyst consensus estimate of $37.25 million by 0.38 percent. This is a 1.00 percent decrease over sales of $37.77 million the same period last year.
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Exelixis The Trade: Exelixis, Inc. (NASDAQ:EXEL) Director Caligan Partners LP acquired a total of 425,000 shares at an aver
Keefe, Bruyette & Woods analyst Damon Delmonte reiterates Bar Harbor Bankshares (AMEX:BHB) with a Market Perform and lowers the price target from $29 to $28.
BAR HARBOR, ME / ACCESSWIRE / October 22, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported third quarter 2024 GAAP and core (Non-GAAP) net income of $12.1 million or $0.80 per diluted share compared to GAAP and core (Non-GAAP) net income of $11.1 million or $0.73 per diluted share in the same quarter of 2023.THIRD QUARTER 2024 HIGHLIGHTSReturn on assets of 1.20%Core deposit growth of 18% annualizedNet interest margin of 3.15%Non-accruing loans to total loans ratio of 0.23%Wealth management related fee income growth of 17% year over yearBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "Our teams continue to deliver consistent and resilien
BAR HARBOR, ME / ACCESSWIRE / July 18, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported second quarter 2024 GAAP net income of $10.3 million and $0.67 per diluted share and core (Non-GAAP) net income of $10.0 million or $0.66 per diluted share compared to GAAP and core (Non-GAAP) net income $10.8 million or $0.71 per diluted share in the same quarter of 2023.SECOND QUARTER 2024 HIGHLIGHTSReturn on assets of 1.04%Commercial loan growth of 14% annualizedNet interest margin ("NIM") of 3.09%Non-accruing loans to total loans ratio of 0.20%14% growth in trust and investment fee incomeBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We deliver
BAR HARBOR, ME / ACCESSWIRE / April 18, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2024 GAAP and core (Non-GAAP) net income of $10.1 million or $0.66 per diluted share compared to $13.0 million or $0.86 per diluted share in the same quarter of 2023.FIRST QUARTER 2024 HIGHLIGHTS• Return on assets of 1.03%• Commercial loan growth of 7% annualized• Net interest margin of 3.14%• Non-accruing loans to total loans ratio of 0.23%Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce our financial results for the first quarter, as we deliver stable earnings which are in line with expectations. We continu
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
10-Q - BAR HARBOR BANKSHARES (0000743367) (Filer)
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
SC 13G - BAR HARBOR BANKSHARES (0000743367) (Subject)
SC 13G - BAR HARBOR BANKSHARES (0000743367) (Subject)
SC 13G/A - BAR HARBOR BANKSHARES (0000743367) (Subject)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
Keefe Bruyette downgraded Bar Harbor Bankshares from Outperform to Mkt Perform and set a new price target of $33.00
Keefe Bruyette initiated coverage of Bar Harbor Bankshares with a rating of Outperform and set a new price target of $34.00
Piper Sandler initiated coverage of Bar Harbor Bankshares with a rating of Overweight and set a new price target of $34.00
BAR HARBOR, ME / ACCESSWIRE / October 22, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported third quarter 2024 GAAP and core (Non-GAAP) net income of $12.1 million or $0.80 per diluted share compared to GAAP and core (Non-GAAP) net income of $11.1 million or $0.73 per diluted share in the same quarter of 2023.THIRD QUARTER 2024 HIGHLIGHTSReturn on assets of 1.20%Core deposit growth of 18% annualizedNet interest margin of 3.15%Non-accruing loans to total loans ratio of 0.23%Wealth management related fee income growth of 17% year over yearBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "Our teams continue to deliver consistent and resilien
BAR HARBOR, ME / ACCESSWIRE / July 18, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported second quarter 2024 GAAP net income of $10.3 million and $0.67 per diluted share and core (Non-GAAP) net income of $10.0 million or $0.66 per diluted share compared to GAAP and core (Non-GAAP) net income $10.8 million or $0.71 per diluted share in the same quarter of 2023.SECOND QUARTER 2024 HIGHLIGHTSReturn on assets of 1.04%Commercial loan growth of 14% annualizedNet interest margin ("NIM") of 3.09%Non-accruing loans to total loans ratio of 0.20%14% growth in trust and investment fee incomeBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We deliver
BAR HARBOR, ME / ACCESSWIRE / April 18, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2024 GAAP and core (Non-GAAP) net income of $10.1 million or $0.66 per diluted share compared to $13.0 million or $0.86 per diluted share in the same quarter of 2023.FIRST QUARTER 2024 HIGHLIGHTS• Return on assets of 1.03%• Commercial loan growth of 7% annualized• Net interest margin of 3.14%• Non-accruing loans to total loans ratio of 0.23%Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce our financial results for the first quarter, as we deliver stable earnings which are in line with expectations. We continu