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Bar Harbor Bankshares (NYSE:BHB) Lowered to Hold at StockNews.com

Financial News Live ·  Sep 5, 2022 02:21

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.

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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

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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.

Further Reading

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