Bar Harbor Bankshares (NYSE:BHB – Get Rating) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

Bar Harbor Bankshares Stock Performance

Shares of NYSE BHB opened at $27.44 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day moving average of $28.04. The stock has a market cap of $411.96 million, a price-to-earnings ratio of 10.19 and a beta of 0.87. Bar Harbor Bankshares has a one year low of $24.00 and a one year high of $32.94.

Bar Harbor Bankshares (NYSE:BHB – Get Rating) last released its earnings results on Thursday, July 21st. The company reported $0.70 EPS for the quarter, hitting analysts' consensus estimates of $0.70. The business had revenue of $35.48 million during the quarter, compared to analysts' expectations of $35.20 million. Bar Harbor Bankshares had a net margin of 26.67% and a return on equity of 10.00%. On average, equities analysts predict that Bar Harbor Bankshares will post 2.81 EPS for the current fiscal year.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, 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.

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