Stock Analysis Report

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Bar Harbor Bankshares

Executive Summary

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


PE ratio (12.6x) is below the US market (19.4x)

Earnings grew by 10.8% over the past year

Pays a reliable dividend of 3.73%

Risk Analysis

No risks detected for BHB from our risk checks.

Snowflake Analysis

Flawless balance sheet average dividend payer.

Similar Companies

Share Price & News

How has Bar Harbor Bankshares's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: BHB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BHB's weekly volatility (7%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: BHB exceeded the US Banks industry which returned -16.2% over the past year.

Return vs Market: BHB underperformed the US Market which returned 22.2% over the past year.

Shareholder returns

7 Day-3.9%-0.4%0.9%
30 Day7.2%17.0%10.2%
90 Day11.9%17.0%9.7%
1 Year-2.3%-6.3%-13.6%-16.7%24.8%22.1%
3 Year-5.9%-15.2%-4.4%-12.4%48.6%38.7%
5 Year25.4%6.5%41.5%23.7%99.6%77.6%

Long-Term Price Volatility Vs. Market

How volatile is Bar Harbor Bankshares's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BHB ($23.61) is trading above our estimate of fair value ($18.89)

Significantly Below Fair Value: BHB is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BHB is poor value based on its PE Ratio (12.6x) compared to the US Banks industry average (11.4x).

PE vs Market: BHB is good value based on its PE Ratio (12.6x) compared to the US market (19.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BHB's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BHB's PB Ratio (0.9x) is in line with the US Banks industry average.

Next Steps

Future Growth

How is Bar Harbor Bankshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bar Harbor Bankshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BHB has high quality earnings.

Growing Profit Margin: BHB's current net profit margins (22.3%) are lower than last year (22.7%).

Past Earnings Growth Analysis

Earnings Trend: BHB's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: BHB's earnings growth over the past year (10.8%) is below its 5-year average (13.9% per year).

Earnings vs Industry: BHB earnings growth over the past year (10.8%) exceeded the Banks industry -4.1%.

Return on Equity

High ROE: BHB's Return on Equity (7.1%) is considered low.

Next Steps

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 (9.5x) is low.

Allowance for Bad Loans: BHB has a sufficient allowance for bad loans (124%).

Low Risk Liabilities: 85% 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 (70%).

Low Risk Deposits: BHB's Loans to Deposits ratio (92%) is appropriate.

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

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BHB's dividend (3.73%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: BHB's dividend (3.73%) is low compared to the top 25% of dividend payers in the US market (4.11%).

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 (47.1%), BHB's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average management tenure


Curtis Simard (49 yo)





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 & Trust Company since June 17, 2013. Mr. Simard serv...

CEO Compensation Analysis

Compensation vs Market: Curtis's total compensation ($USD1.34M) is about average for companies of similar size in the US market ($USD1.79M).

Compensation vs Earnings: Curtis's compensation has been consistent with company performance over the past year.

Leadership Team

Curtis Simard
$ 1.1m
Josephine Iannelli
Executive VP4.17yrsUS$778.22k0.076%
$ 267.9k
Richard Maltz
Executive VP4.25yrsUS$780.38k0.12%
$ 408.1k
Marion Colombo
Executive VP & Director of Retail Delivery2.83yrsUS$555.33k0.027%
$ 96.5k
John Mercier
Executive VP & Chief Lending Officer2.17yrsUS$536.03k0.030%
$ 106.3k
Joshua Radel
Chief Investment Officer4.33yrsno datano data
Jennifer Svenson
Senior VP and Chief HR Officer1.5yrsno datano data
William Schaefer
Senior Vice President of Financeno datano datano data
Joseph Pratt
Senior Vice Presidentno datano data0.026%
$ 91.1k
Sonya Mitchell
Senior VP & MD0.92yrno datano data
Francis Mitchell
Senior Vice President of Strategic Finance2.67yrsno datano data
Caitlin Dunston
Senior VP2.67yrsno datano data


Average Tenure


Average Age

Experienced Management: BHB's management team is considered experienced (2.8 years average tenure).

Board Members

Curtis Simard
$ 1.1m
Stephen Theroux
Independent Director3.92yrsUS$63.99k0.62%
$ 2.2m
Matthew Caras
Independent Director6.58yrsUS$70.29k0.089%
$ 314.3k
Martha Dudman
Independent Director17.58yrsUS$65.49k0.11%
$ 394.3k
Scott Toothaker
Independent Director17.58yrsUS$69.29k0.25%
$ 867.8k
David Woodside
Independent Chairman of the Board4.58yrsUS$87.29k0.11%
$ 376.2k
Daina Belair
Independent Director5.58yrsUS$61.99k0.037%
$ 129.1k
Kenneth Smith
Independent Director16.58yrsUS$72.99k0.11%
$ 382.7k
Lauri Fernald
Independent Director15.5yrsUS$69.49k0.081%
$ 285.2k
Brendan O'Halloran
Independent Director2.58yrsUS$60.99k0.043%
$ 150.5k
David Colter
Independent Director4.58yrsUS$56.49k0.037%
$ 132.2k
Steven H. Dimick
Independent Director3.92yrsUS$55.19k0.055%
$ 193.0k


Average Tenure


Average Age

Experienced Board: BHB's board of directors are considered experienced (6.1 years average tenure).


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 company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Bar Harbor Bankshares
  • Ticker: BHB
  • Exchange: AMEX
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$353.210m
  • Shares outstanding: 14.93m
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on


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 in...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 23:06
End of Day Share Price2020/12/03 00:00
Annual Earnings2019/12/31

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.