StockNews.com downgraded shares of Bar Harbor Bankshares (NYSE:BHB – Get Rating) from a buy rating to a hold rating in a research report report published on Thursday.

Bar Harbor Bankshares Trading Down 0.8 %

Shares of NYSE BHB opened at $27.44 on Thursday. Bar Harbor Bankshares has a twelve month low of $24.00 and a twelve month high of $32.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $28.04. The firm has a market cap of $411.96 million, a P/E ratio of 10.24 and a beta of 0.87.

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 for the quarter, compared to the consensus estimate of $35.20 million. Bar Harbor Bankshares had a net margin of 26.67% and a return on equity of 10.00%. As a group, research analysts predict that Bar Harbor Bankshares will post 2.81 earnings per share for the current year.

Bar Harbor Bankshares Company Profile

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.

Further Reading

• Get a free copy of the StockNews.com research report on Bar Harbor Bankshares (BHB)
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