Bar Harbor Bankshares (NYSEAMERICAN:BHB) Hits New 52-Week High – Here’s What Happened

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) reached a new 52-week high on Thursday . The company traded as high as $35.18 and last traded at $34.97, with a volume of 18601 shares trading hands. The stock had previously closed at $34.18.

Bar Harbor Bankshares Stock Up 1.4%

The stock has a 50-day moving average of $31.39 and a 200-day moving average of $30.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market cap of $578.39 million, a price-to-earnings ratio of 14.94 and a beta of 0.66.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.14. The firm had revenue of $47.49 million during the quarter, compared to analysts’ expectations of $36.60 million. Bar Harbor Bankshares had a return on equity of 9.95% and a net margin of 15.51%. Sell-side analysts predict that Bar Harbor Bankshares, Inc. will post 2.84 EPS for the current fiscal year.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.