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BHB

Bar Harbor BanksharesNYSEAM:BHB Stock Report

Last Price

US$31.41

Market Cap

US$470.7m

7D

0.9%

1Y

37.1%

Updated

17 Jan, 2022

Data

Company Financials +
BHB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

BHB Stock Overview

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking services.

Bar Harbor Bankshares Competitors

Live Oak Bancshares

NasdaqGS:LOB

US$3.5b

First BanCorp

NYSE:FBP

US$3.4b

Triumph Bancorp

NasdaqGS:TBK

US$3.0b

Seacoast Banking Corporation of Florida

NasdaqGS:SBCF

US$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Bar Harbor Bankshares
Historical stock prices
Current Share PriceUS$31.41
52 Week HighUS$32.94
52 Week LowUS$21.26
Beta0.88
1 Month Change8.80%
3 Month Change11.58%
1 Year Change37.10%
3 Year Change32.25%
5 Year Change10.52%
Change since IPO685.25%

Recent News & Updates

Shareholder Returns

BHBUS BanksUS Market
7D0.9%-0.4%-0.3%
1Y37.1%32.9%13.7%

Return vs Industry: BHB exceeded the US Banks industry which returned 32.9% over the past year.

Return vs Market: BHB exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is BHB's price volatile compared to industry and market?
BHB volatility
BHB Average Weekly Movement4.6%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BHB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BHB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1887428Curtis Simardhttps://www.barharbor.bank

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, 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. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending.

Bar Harbor Bankshares Fundamentals Summary

How do Bar Harbor Bankshares's earnings and revenue compare to its market cap?
BHB fundamental statistics
Market CapUS$470.73m
Earnings (TTM)US$38.17m
Revenue (TTM)US$143.27m

12.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BHB income statement (TTM)
RevenueUS$143.27m
Cost of RevenueUS$0
Gross ProfitUS$143.27m
ExpensesUS$105.10m
EarningsUS$38.17m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.55
Gross Margin100.00%
Net Profit Margin26.64%
Debt/Equity Ratio64.2%

How did BHB perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Bar Harbor Bankshares undervalued compared to its fair value and its price relative to the market?

7.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BHB ($31.41) is trading below our estimate of fair value ($33.93)

Significantly Below Fair Value: BHB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BHB is poor value based on its PE Ratio (12.3x) compared to the US Banks industry average (11.3x).

PE vs Market: BHB is good value based on its PE Ratio (12.3x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: BHB is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BHB's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

How is Bar Harbor Bankshares forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHB's forecast earnings growth (9.3% per year) is above the savings rate (2%).

Earnings vs Market: BHB's earnings (9.3% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: BHB's earnings are forecast to grow, but not significantly.

Revenue vs Market: BHB's revenue (3.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BHB's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BHB's Return on Equity is forecast to be low in 3 years time (9.9%).


Past Performance

How has Bar Harbor Bankshares performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHB has high quality earnings.

Growing Profit Margin: BHB's current net profit margins (26.6%) are higher than last year (22.3%).


Past Earnings Growth Analysis

Earnings Trend: BHB's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: BHB's earnings growth over the past year (32.5%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: BHB earnings growth over the past year (32.5%) underperformed the Banks industry 43.7%.


Return on Equity

High ROE: BHB's Return on Equity (9.1%) is considered low.


Financial Health

How is Bar Harbor Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BHB's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: BHB has a sufficient allowance for bad loans (184%).

Low Risk Liabilities: 91% of BHB's liabilities are made up of primarily low risk sources of funding.

Loan Level: BHB has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: BHB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: BHB has an appropriate level of bad loans (0.5%).


Dividend

What is Bar Harbor Bankshares's current dividend yield, its reliability and sustainability?

3.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BHB's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BHB's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: BHB's dividends per share have been stable in the past 10 years.

Growing Dividend: BHB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36%), BHB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BHB's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Curtis Simard (50 yo)

8.42yrs

Tenure

US$1,708,470

Compensation

Mr. Curtis C. Simard has been the Chief Executive Officer and President of Bar Harbor Bankshares since August 9, 2013 and its subsidiary Bar Harbor Bank and Trust Company (formerly known as Bar Harbor Bank...


CEO Compensation Analysis

Compensation vs Market: Curtis's total compensation ($USD1.71M) is about average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Curtis's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BHB's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: BHB's board of directors are considered experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bar Harbor Bankshares's employee growth, exchange listings and data sources


Key Information

  • Name: Bar Harbor Bankshares
  • Ticker: BHB
  • Exchange: NYSEAM
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$470.735m
  • Shares outstanding: 14.99m
  • Website: https://www.barharbor.bank

Number of Employees


Location

  • Bar Harbor Bankshares
  • 82 Main Street
  • PO Box 400
  • Bar Harbor
  • Maine
  • 04609-0400
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:17
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.