Shares of Bar Harbor Bankshares (NYSE:BHB – Get Rating) were down 1.4% on Tuesday . The company traded as low as $29.20 and last traded at $29.20. Approximately 9,345 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 21,666 shares. The stock had previously closed at $29.61.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Bar Harbor Bankshares from a "buy" rating to a "hold" rating in a research note on Monday, June 27th.
Get Bar Harbor Bankshares alerts:Bar Harbor Bankshares Trading Down 1.4 %
The stock has a market cap of $438.38 million, a P/E ratio of 10.90 and a beta of 0.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The company's 50 day moving average is $27.58.
Bar Harbor Bankshares (NYSE:BHB – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. Bar Harbor Bankshares had a return on equity of 10.00% and a net margin of 26.67%. The business had revenue of $35.48 million during the quarter, compared to analysts' expectations of $35.20 million. Equities analysts expect that Bar Harbor Bankshares will post 2.81 EPS for the current fiscal year.About Bar Harbor Bankshares
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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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