Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking services. 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. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates approximately 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.
IPO Year: 1997
Exchange: AMEX
Website: barharbor.bank
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2022 | $33.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/16/2021 | $34.00 | Outperform | Keefe Bruyette |
SC 13G - BAR HARBOR BANKSHARES (0000743367) (Subject)
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4 - BAR HARBOR BANKSHARES (0000743367) (Issuer)
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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)
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)
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
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
10-Q - BAR HARBOR BANKSHARES (0000743367) (Filer)
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
13F-NT - BAR HARBOR BANKSHARES (0000743367) (Filer)
N-PX - BAR HARBOR BANKSHARES (0000743367) (Filer)
10-Q - BAR HARBOR BANKSHARES (0000743367) (Filer)
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
8-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
13F-NT - BAR HARBOR BANKSHARES (0000743367) (Filer)
11-K - BAR HARBOR BANKSHARES (0000743367) (Filer)
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
BAR HARBOR, ME / ACCESSWIRE / January 23, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported fourth quarter 2023 net income of $9.9 million or $0.65 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. Core net income (Non-GAAP) in the fourth quarter 2023 was $10.4 million or $0.68 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. For the full year of 2023, net income was $44.9 million or $2.95 per diluted share compared to $43.6 million and $2.88 per diluted share for 2022.FOURTH QUARTER 2023 HIGHLIGHTS (all comparisons to the fourth quarter 2022)• Return on assets of 1.00% compare
BAR HARBOR, ME / ACCESSWIRE / January 16, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") announced that its Board of Directors declared at its January 16, 2024 meeting, a quarterly cash dividend of $0.28 per share of common stock to Company shareholders of record at the close of business on February 15, 2024, payable on March 15, 2024. This dividend equates to a 3.81% annualized yield based on the $29.36 closing price of the Company's common stock on December 29, 2023, the last day of trading in 2023.BACKGROUNDBar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving
BAR HARBOR, ME / ACCESSWIRE / October 17, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported third quarter 2023 net income of $11.1 million or $0.73 per diluted share compared to $11.4 million or $0.76 per diluted share in the same quarter of 2022.THIRD QUARTER 2023 HIGHLIGHTS (all comparisons to the third quarter 2022, unless otherwise noted)1.11% return on assets, 10.72% return on equity10% annualized increase in non-interest bearing deposits4.90% yield on earning assets, compared to 3.84%59% efficiency ratio, compared to 58%0.17% non-performing assets ratio to total assetsBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We delivered an
BAR HARBOR, ME / ACCESSWIRE / July 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported second quarter 2023 net income of $10.8 million, or $0.71 per diluted share, compared to $10.5 million, or $0.70 per diluted share, in the same quarter of 2022.SECOND QUARTER 2023 HIGHLIGHTS (all comparisons to the second quarter 2022, unless otherwise noted)$4.0 billion total assets (Company record)1.10% return on assets; 10.49% return on equity12% annualized commercial loan growth3.22% net interest margin ("NIM"), compared to 3.19%0.17% non-performing assets ratio to total assets, compared to 0.21%$27.12 book value per share, compared to $26.09 in the fourth quarter of 2022Bar Harbor Ban
BAR HARBOR, ME / ACCESSWIRE / April 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2023 net income of $13.0 million or $0.86 per diluted share compared to $9.1 million or $0.60 per diluted share in the same quarter of 2022.FIRST QUARTER 2023 HIGHLIGHTS (all comparisons to the first quarter 2022, unless otherwise noted)1.36% return on assets, compared to 1.00%12.96% return on equity, compared to 8.89%8% annualized commercial loan growth3.54% net interest margin ("NIM"), compared to 2.95%55% efficiency ratio, compared to 62%0.20% non-performing assets ratio to total assets, compared to 0.25%Book value per share of $27.00, compared with $26.09 in the fourth q
BAR HARBOR, ME / ACCESSWIRE / January 19, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported fourth quarter 2022 net income of $12.5 million or $0.83 per diluted share compared to $9.8 million or $0.65 per diluted share in the same quarter of 2021. Earnings per share in the prior year quarter included a $0.05 per diluted share benefit from Paycheck Protection Program ("PPP") loans. For the full year of 2022, net income was $43.6 million or $2.88 per diluted share compared to $39.3 million and $2.61 per diluted share for 2021, an increase of 11%.FOURTH QUARTER HIGHLIGHTS (all comparisons to the fourth quarter 2021 unless otherwise noted)1.30% return on assets, compared to 1.02%1
BAR HARBOR, ME / ACCESSWIRE / October 19, 2022 / Bar Harbor Bankshares (NYSE:BHB) reported third quarter 2022 net income of $11.4 million or $0.76 per diluted share compared to $11.0 million or $0.73 per diluted share in the same quarter of 2021. Earnings per share in the prior year quarter included a $0.14 per diluted share benefit from Paycheck Protection Program (PPP) loans.THIRD QUARTER HIGHLIGHTS (all comparisons to the third quarter 2021)1.20% return on assets, compared to 1.16%18% annualized loan growth12% annualized core deposit growth3.47% net interest margin, compared to 3.02%58% efficiency ratio, compared to 59%0.20% non-performing assets ratio to total assets, compared to 0.33%Pr
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
BAR HARBOR, ME / ACCESSWIRE / January 23, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported fourth quarter 2023 net income of $9.9 million or $0.65 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. Core net income (Non-GAAP) in the fourth quarter 2023 was $10.4 million or $0.68 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. For the full year of 2023, net income was $44.9 million or $2.95 per diluted share compared to $43.6 million and $2.88 per diluted share for 2022.FOURTH QUARTER 2023 HIGHLIGHTS (all comparisons to the fourth quarter 2022)• Return on assets of 1.00% compare
BAR HARBOR, ME / ACCESSWIRE / January 16, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") announced that its Board of Directors declared at its January 16, 2024 meeting, a quarterly cash dividend of $0.28 per share of common stock to Company shareholders of record at the close of business on February 15, 2024, payable on March 15, 2024. This dividend equates to a 3.81% annualized yield based on the $29.36 closing price of the Company's common stock on December 29, 2023, the last day of trading in 2023.BACKGROUNDBar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving
BAR HARBOR, ME / ACCESSWIRE / October 17, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported third quarter 2023 net income of $11.1 million or $0.73 per diluted share compared to $11.4 million or $0.76 per diluted share in the same quarter of 2022.THIRD QUARTER 2023 HIGHLIGHTS (all comparisons to the third quarter 2022, unless otherwise noted)1.11% return on assets, 10.72% return on equity10% annualized increase in non-interest bearing deposits4.90% yield on earning assets, compared to 3.84%59% efficiency ratio, compared to 58%0.17% non-performing assets ratio to total assetsBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We delivered an
SEI to Power Continued Business Transformation for Community Bank OAKS, Pa., Aug. 17, 2023 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that it has extended its strategic partnership with Bar Harbor Bank & Trust, an independent community banking organization, through March 2028. The agreement demonstrates a mutual commitment to the companies' 22-year relationship, specifically supporting Bar Harbor Wealth Management's growth and expanded offering to their clients through the SEI Wealth PlatformSM and business process outsourcing solution. Sanjay Sharma, Head of SEI's Private Banking and Wealth Management business, said: "As the wealth management industry continues to grow and change,
BAR HARBOR, ME / ACCESSWIRE / July 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported second quarter 2023 net income of $10.8 million, or $0.71 per diluted share, compared to $10.5 million, or $0.70 per diluted share, in the same quarter of 2022.SECOND QUARTER 2023 HIGHLIGHTS (all comparisons to the second quarter 2022, unless otherwise noted)$4.0 billion total assets (Company record)1.10% return on assets; 10.49% return on equity12% annualized commercial loan growth3.22% net interest margin ("NIM"), compared to 3.19%0.17% non-performing assets ratio to total assets, compared to 0.21%$27.12 book value per share, compared to $26.09 in the fourth quarter of 2022Bar Harbor Ban
BAR HARBOR, ME / ACCESSWIRE / May 22, 2023 / Bar Harbor Bankshares (NYSE:BHB, the ", Company", ))) announced that its Board of Directors authorized the repurchase of up to 756,000 shares of its outstanding common stock, representing approximately 5% of its shares as of April 30, 2023 under a share repurchase plan (the "Plan"). The Plan is authorized to last no longer than 12 months.Share repurchases, if any, will be made from time to time in the open market, through block trades, or otherwise, in private negotiated transactions. The timing and amount of any share repurchases will depend on a variety of factors, including but not limited to, among others, securities law restrictions (includin
BAR HARBOR, ME / ACCESSWIRE / April 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2023 net income of $13.0 million or $0.86 per diluted share compared to $9.1 million or $0.60 per diluted share in the same quarter of 2022.FIRST QUARTER 2023 HIGHLIGHTS (all comparisons to the first quarter 2022, unless otherwise noted)1.36% return on assets, compared to 1.00%12.96% return on equity, compared to 8.89%8% annualized commercial loan growth3.54% net interest margin ("NIM"), compared to 2.95%55% efficiency ratio, compared to 62%0.20% non-performing assets ratio to total assets, compared to 0.25%Book value per share of $27.00, compared with $26.09 in the fourth q
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.
U.S. stocks were mixed, with the Nasdaq Composite falling over 100 points on Friday. Shares of Fifth Third Bancorp (NASDAQ:FITB) rose during Friday's session after the company reported better-than-expected quarterly financial results. Fifth Third Bancorp posted adjusted earnings of 76 cents per share, beating market estimates of 70 cents per share. The company's sales came in at $2.100 billion versus expectations of $2.086 billion, according to data from Benzinga Pro. Fifth Third Bancorp shares gained 4.2% to $35.67 on Friday. Here are some other big stocks recording gains in today's session. Mobile-health Network Solutions (NASDAQ:MNDR) shares jumped 20.2% to $24.53. Metr
DIVIDEND DECLARED AND STOCK REPURCHASE PLAN APPROVEDThe Board of Directors of the Company (the "Board") voted to declare a cash dividend of $0.30 per share to shareholders at the close of business on May 16, 2024 payable on June 14, 2024. This dividend equates to a 4.53% annualized yield based on the $26.48 closing share price of the Company's common stock on March 28, 2024, the last trading day of the first quarter 2024. Additionally, the Board authorized the repurchase of up to 5% of the Company's outstanding common stock, representing approximately 761,000 shares as of March 31, 2024 under a share repurchase plan (the "Plan"). The Plan is authorized to last no longer than twelve months.
DIVIDEND DECLARED AND STOCK REPURCHASE PLAN APPROVEDThe Board of Directors of the Company (the "Board") voted to declare a cash dividend of $0.30 per share to shareholders at the close of business on May 16, 2024 payable on June 14, 2024. This dividend equates to a 4.53% annualized yield based on the $26.48 closing share price of the Company's common stock on March 28, 2024, the last trading day of the first quarter 2024. Additionally, the Board authorized the repurchase of up to 5% of the Company's outstanding common stock, representing approximately 761,000 shares as of March 31, 2024 under a share repurchase plan (the "Plan"). The Plan is authorized to last no longer than twelve months.
Bar Harbor Bankshares (AMEX:BHB) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.64 by 3.13 percent. This is a 23.26 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $36.64 million which missed the analyst consensus estimate of $37.38 million by 1.98 percent. This is a 8.60 percent decrease over sales of $40.09 million the same period last year.
Bar Harbor Bankshares (AMEX:BHB) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.67 by 1.49 percent. This is a 18.07 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $37.64 million which beat the analyst consensus estimate of $37.46 million by 0.49 percent. This is a 8.59 percent decrease over sales of $41.18 million the same period last year.
Bar Harbor Bankshares (AMEX:BHB) reported quarterly adj earnings of $0.73 per share which beat the analyst consensus estimate of $0.67 by 8.96 percent. This is a 3.95 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $38.00 million which beat the analyst consensus estimate of $37.42 million by 1.55 percent. This is a 1.89 percent decrease over sales of $38.73 million the same period last year.
SEI to Power Continued Business Transformation for Community Bank OAKS, Pa., Aug. 17, 2023 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that it has extended its strategic partnership with Bar Harbor Bank & Trust, an independent community banking organization, through March 2028. The agreement demonstrates a mutual commitment to the companies' 22-year relationship, specifically supporting Bar Harbor Wealth Management's growth and expanded offering to their clients through the SEI Wealth PlatformSM and business process outsourcing solution. Sanjay Sharma, Head of SEI's Private Banking and Wealth Management business, said: "As the wealth management industry continues to grow and change