StockNews.com upgraded shares of Bar Harbor Bankshares (NYSE:BHB – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Bar Harbor Bankshares Trading Up 0.3 %

Shares of BHB stock opened at $27.33 on Friday. The stock has a market capitalization of $410.31 million, a P/E ratio of 10.20 and a beta of 0.86. Bar Harbor Bankshares has a 1-year low of $24.00 and a 1-year 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 company's fifty day simple moving average is $28.19.

Bar Harbor Bankshares (NYSE:BHB – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.70 EPS for the quarter, hitting analysts' consensus estimates of $0.70. The firm had revenue of $35.48 million during the quarter, compared to analyst estimates of $35.20 million. Bar Harbor Bankshares had a return on equity of 10.00% and a net margin of 26.67%. On average, sell-side analysts predict that Bar Harbor Bankshares will post 2.81 EPS 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.

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