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Bar Harbor Bankshares

AMEX:BHB
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BHB
AMEX
$388M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Bar Harbor Bankshares operates as a bank holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. The last earnings update was 13 days ago. More info.


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BHB Share Price and Events
7 Day Returns
-2%
AMEX:BHB
-1.5%
US Banks
-3.4%
US Market
1 Year Returns
-13.4%
AMEX:BHB
3.5%
US Banks
10%
US Market
BHB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bar Harbor Bankshares (BHB) -2% -1% -16.9% -13.4% 7.1% 48.3%
US Banks -1.5% 0.3% -8.1% 3.5% 41.4% 65.1%
US Market -3.4% -0.6% -4.3% 10% 55.8% 96.7%
1 Year Return vs Industry and Market
  • BHB underperformed the Banks industry which returned 3.5% over the past year.
  • BHB underperformed the Market in United States of America which returned 10% over the past year.
Price Volatility
BHB
Industry
5yr Volatility vs Market

BHB Value

 Is Bar Harbor Bankshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bar Harbor Bankshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bar Harbor Bankshares.

AMEX:BHB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $22.17 * 4.7%
$1.05
Book Value of Equity per Share Median Book Value from the past 5 years. $22.17
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:BHB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.579 (1 + (1- 21%) (201.81%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.124 * 7.05%)
10.87%

Discounted Cash Flow Calculation for AMEX:BHB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bar Harbor Bankshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:BHB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.7% – 10.87%) * $22.17)
$-1.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.36 / (10.87% - 2.95%)
$-17.20
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $22.17 + $-17.20
$4.97
AMEX:BHB Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.97
Current discount Discount to share price of $24.99
= -1 x ($24.99 - $4.97) / $4.97
-403.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bar Harbor Bankshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bar Harbor Bankshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bar Harbor Bankshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:BHB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $2.06
AMEX:BHB Share Price ** AMEX (2018-11-16) in USD $24.99
United States of America Banks Industry PE Ratio Median Figure of 562 Publicly-Listed Banks Companies 15.57x
United States of America Market PE Ratio Median Figure of 2,977 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bar Harbor Bankshares.

AMEX:BHB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:BHB Share Price ÷ EPS (both in USD)

= 24.99 ÷ 2.06

12.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bar Harbor Bankshares is good value based on earnings compared to the US Banks industry average.
  • Bar Harbor Bankshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bar Harbor Bankshares's expected growth come at a high price?
Raw Data
AMEX:BHB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 256 Publicly-Listed Banks Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,096 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bar Harbor Bankshares, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bar Harbor Bankshares's assets?
Raw Data
AMEX:BHB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $23.06
AMEX:BHB Share Price * AMEX (2018-11-16) in USD $24.99
United States of America Banks Industry PB Ratio Median Figure of 573 Publicly-Listed Banks Companies 1.32x
United States of America Market PB Ratio Median Figure of 4,980 Publicly-Listed Companies 1.85x
AMEX:BHB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:BHB Share Price ÷ Book Value per Share (both in USD)

= 24.99 ÷ 23.06

1.08x

* Primary Listing of Bar Harbor Bankshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bar Harbor Bankshares is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Bar Harbor Bankshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bar Harbor Bankshares has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BHB Future Performance

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

  • No analysts cover Bar Harbor Bankshares, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bar Harbor Bankshares expected to grow at an attractive rate?
  • Bar Harbor Bankshares's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Bar Harbor Bankshares's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Bar Harbor Bankshares's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:BHB Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:BHB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:BHB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:BHB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AMEX:BHB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 116 44 32
2018-06-30 117 45 32
2018-03-31 117 48 30
2017-12-31 115 40 26
2017-09-30 99 28 22
2017-06-30 84 20 17
2017-03-31 69 15 15
2016-12-31 56 17 15
2016-09-30 56 17 16
2016-06-30 55 49 16
2016-03-31 53 20 16
2015-12-31 52 20 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bar Harbor Bankshares's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Bar Harbor Bankshares is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:BHB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bar Harbor Bankshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:BHB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AMEX:BHB Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 2.06
2018-06-30 2.04
2018-03-31 1.92
2017-12-31 1.71
2017-09-30 1.61
2017-06-30 1.41
2017-03-31 1.41
2016-12-31 1.65
2016-09-30 1.75
2016-06-30 1.79
2016-03-31 1.74
2015-12-31 1.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bar Harbor Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bar Harbor Bankshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bar Harbor Bankshares has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BHB Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bar Harbor Bankshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bar Harbor Bankshares's year on year earnings growth rate has been positive over the past 5 years.
  • Bar Harbor Bankshares's 1-year earnings growth exceeds its 5-year average (45.3% vs 18%)
  • Bar Harbor Bankshares's earnings growth has exceeded the US Banks industry average in the past year (45.3% vs 15.7%).
Earnings and Revenue History
Bar Harbor Bankshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bar Harbor Bankshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:BHB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 116.31 31.92 58.66
2018-06-30 117.05 31.57 58.10
2018-03-31 117.43 29.59 58.01
2017-12-31 115.26 25.99 57.17
2017-09-30 99.06 21.97 49.98
2017-06-30 83.61 16.98 42.50
2017-03-31 68.73 14.74 35.12
2016-12-31 56.50 14.93 27.23
2016-09-30 56.17 15.82 25.90
2016-06-30 55.24 16.12 25.11
2016-03-31 53.38 15.68 23.46
2015-12-31 52.02 15.15 24.69
2015-09-30 51.22 14.79 22.15
2015-06-30 50.63 14.72 21.71
2015-03-31 50.37 14.71 21.65
2014-12-31 49.74 14.61 21.15
2014-09-30 49.32 14.78 20.60
2014-06-30 48.34 14.44 20.28
2014-03-31 46.57 13.75 19.59
2013-12-31 45.23 13.18 19.20
2013-09-30 44.54 12.75 19.12
2013-06-30 44.10 12.58 18.58
2013-03-31 43.61 12.52 18.09
2012-12-31 43.03 12.47 17.49
2012-09-30 41.67 12.03 16.88
2012-06-30 40.40 11.67 16.45
2012-03-31 39.44 11.34 16.03
2011-12-31 38.79 11.04 15.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bar Harbor Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bar Harbor Bankshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Bar Harbor Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bar Harbor Bankshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bar Harbor Bankshares has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BHB Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bar Harbor Bankshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bar Harbor Bankshares Company Filings, last reported 1 month ago.

AMEX:BHB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 357.69 782.21 74.05
2018-06-30 355.96 778.93 62.71
2018-03-31 352.16 785.22 49.04
2017-12-31 354.64 829.72 91.35
2017-09-30 353.46 818.63 49.53
2017-06-30 347.12 915.08 119.94
2017-03-31 341.05 885.23 43.51
2016-12-31 156.74 536.60 10.19
2016-09-30 164.34 512.50 15.31
2016-06-30 165.23 525.10 26.71
2016-03-31 160.59 492.25 8.70
2015-12-31 154.15 474.79 11.79
2015-09-30 154.11 395.61 14.59
2015-06-30 148.66 514.16 20.24
2015-03-31 150.09 486.60 11.04
2014-12-31 146.29 447.02 13.26
2014-09-30 141.35 403.62 15.54
2014-06-30 138.02 470.97 14.26
2014-03-31 129.73 401.98 12.98
2013-12-31 121.38 409.45 9.20
2013-09-30 123.40 364.01 11.81
2013-06-30 120.46 361.05 13.57
2013-03-31 128.05 371.66 10.31
2012-12-31 128.05 371.57 14.99
2012-09-30 129.24 343.83 10.05
2012-06-30 124.55 374.68 9.89
2012-03-31 120.88 373.60 14.14
2011-12-31 118.25 320.28 8.52
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bar Harbor Bankshares has an acceptable proportion of non-loan assets held.
  • Bar Harbor Bankshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bar Harbor Bankshares are broadly funded by customer deposits.
  • Bar Harbor Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bar Harbor Bankshares has a low allowance for bad loans.
  • Bar Harbor Bankshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bar Harbor Bankshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bar Harbor Bankshares has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BHB Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.2%
Current annual income from Bar Harbor Bankshares dividends.
If you bought $2,000 of Bar Harbor Bankshares shares you are expected to receive $64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bar Harbor Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).
  • Bar Harbor Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:BHB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 456 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:BHB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
AMEX:BHB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-16 0.800 3.152
2018-07-17 0.800 2.766
2018-04-24 0.800 2.650
2018-01-17 0.747 2.629
2017-10-18 0.747 2.592
2017-07-19 0.747 2.651
2017-04-19 0.747 2.482
2017-01-11 0.747 2.551
2016-10-25 0.747 2.594
2016-07-19 0.733 3.024
2016-04-19 0.720 3.162
2016-01-19 0.707 3.231
2015-10-20 0.693 3.058
2015-07-21 0.680 3.140
2015-04-21 0.667 2.793
2015-01-21 0.653 2.981
2014-10-21 0.627 3.069
2014-07-22 0.613 3.280
2014-04-22 0.595 3.414
2014-01-21 0.578 3.440
2013-10-22 0.569 3.326
2013-07-23 0.560 3.409
2013-04-23 0.551 3.422
2013-01-22 0.542 3.438
2012-10-23 0.533 3.518
2012-07-24 0.524 3.330
2012-04-24 0.516 3.221
2012-01-24 0.507 3.576
2011-10-18 0.498 3.840
2011-07-19 0.489 3.869
2011-04-19 0.480 3.768
2011-01-18 0.480 3.672
2010-10-19 0.471 3.805
2010-07-20 0.462 3.760
2010-04-20 0.462 3.830
2010-01-19 0.462 3.692
2009-10-20 0.462 3.648
2009-07-21 0.462 3.067
2009-04-21 0.462 3.703
2009-01-20 0.462 4.501
2008-11-20 0.462 3.992

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bar Harbor Bankshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bar Harbor Bankshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bar Harbor Bankshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bar Harbor Bankshares has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BHB Management

 What is the CEO of Bar Harbor Bankshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Curtis Simard
COMPENSATION $1,203,034
AGE 47
TENURE AS CEO 5.3 years
CEO Bio

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 served as a Senior Vice President and Managing Director of Corporate Banking at TD Bank. He has been with TD Bank and its predecessor companies since 2002. During that time, he has focused on developing commercial banking and related cross-selling strategies for a number of East Coast geographies and market segments, including a recent focus upon New England and Upstate New York. Prior to joining TD Bank, Mr. Simard was affiliated with First New Hampshire Bank and its successor, Citizens Bank, from 1992 to 2002 where, after serving in a number of progressively responsible capacities, he led various business initiatives, including the development of the New Hampshire and Maine commercial banking markets. He serves as a Trustee of the Smithsonian affiliated Abbe Museum and Maine Coast Memorial Hospital. He is a Corporator of Eastern Maine Health Systems, and member of the board of directors at the Seal Cove Auto Museum and the Ellsworth Business Development Corporation. He has been a Director at Bar Harbor Bankshares and for its subsidiary, Bar Harbor Bank & Trust Company since June 17, 2013. He serves as Director of Bar Harbor Trust Services since June 2013. He Serves as Director of Charter Trust Company (“CTC”) since 2017. Mr. Simard Graduated from the University of New Hampshire with a B.A. in Economics.

CEO Compensation
  • Curtis's compensation has increased by more than 20% in the past year.
  • Curtis's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bar Harbor Bankshares management team in years:

2.1
Average Tenure
52.5
Average Age
  • The tenure for the Bar Harbor Bankshares management team is about average.
Management Team

Curtis Simard

TITLE
President
COMPENSATION
$1M
AGE
47
TENURE
5.3 yrs

Josephine Iannelli

TITLE
Executive VP
COMPENSATION
$718K
AGE
46
TENURE
2.1 yrs

Rick Maltz

TITLE
Executive VP
COMPENSATION
$726K
AGE
58
TENURE
2.2 yrs

Greg Dalton

TITLE
Executive VP of Commercial Banking - Bar Harbor Bank & Trust
COMPENSATION
$391K
AGE
58
TENURE
1.8 yrs

Josh Radel

TITLE
Chief Investment Officer
TENURE
2.3 yrs

Kim Pruett-Ilg

TITLE
Corporate Secretary

Tricia Wheeler

TITLE
Senior Vice President & Chief Compliance Officer
TENURE
0.9 yrs

Marcia Bender

TITLE
Senior Vice President

Raymond Frohnapfel

TITLE
Senior Vice President of Operations

John Mercier

TITLE
Executive Vice President of Commercial Banking & Treasury Services - Bar Harbor Bank & Trust
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Bar Harbor Bankshares board of directors in years:

5
Average Tenure
62.5
Average Age
  • The tenure for the Bar Harbor Bankshares board of directors is about average.
Board of Directors

David Woodside

TITLE
Chairman of the Board
COMPENSATION
$66K
AGE
66
TENURE
2.5 yrs

Curtis Simard

TITLE
President
COMPENSATION
$1M
AGE
47
TENURE
5.4 yrs

Scott Toothaker

TITLE
Director
COMPENSATION
$49K
AGE
55
TENURE
15.5 yrs

Kenneth Smith

TITLE
Director
COMPENSATION
$59K
AGE
64
TENURE
14.5 yrs

Lauri Fernald

TITLE
Director
COMPENSATION
$47K
AGE
56
TENURE
13.4 yrs

Matt Caras

TITLE
Director
COMPENSATION
$50K
AGE
62
TENURE
4.5 yrs

Martha Dudman

TITLE
Director
COMPENSATION
$53K
AGE
66
TENURE
15.5 yrs

Daina Belair

TITLE
Independent Director
COMPENSATION
$51K
AGE
63
TENURE
3.5 yrs

David Colter

TITLE
Director
COMPENSATION
$42K
AGE
50
TENURE
2.5 yrs

Steve Dimick

TITLE
Director
COMPENSATION
$41K
AGE
67
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • Bar Harbor Bankshares insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Nov 18 Buy John Land Individual 08. Nov 18 08. Nov 18 1,262 $26.19 $33,045
01. Nov 18 Buy Matthew Caras Individual 01. Nov 18 01. Nov 18 10 $25.98 $260
29. Oct 18 Buy David Colter Individual 29. Oct 18 29. Oct 18 400 $24.40 $9,760
11. Oct 18 Sell Stephen Theroux Individual 09. Mar 17 19. Apr 17 -751 $32.53 $-14,733
11. Oct 18 Buy Stephen Theroux Individual 14. Jun 17 14. Jun 17 106 $28.84 $3,043
11. Oct 18 Buy Stephen Theroux Individual 14. Sep 18 14. Sep 18 110 $29.01 $3,202
01. Oct 18 Buy Matthew Caras Individual 01. Oct 18 01. Oct 18 10 $28.80 $288
04. Sep 18 Buy Matthew Caras Individual 04. Sep 18 04. Sep 18 10 $29.52 $295
29. Aug 18 Sell Stephen Ensign Individual 29. Aug 18 29. Aug 18 -2,200 $29.30 $-64,460
29. Aug 18 Sell Stephen Theroux Individual 29. Aug 18 29. Aug 18 -1,200 $29.30 $-35,160
01. Aug 18 Buy Matthew Caras Individual 01. Aug 18 01. Aug 18 10 $28.97 $290
02. Jul 18 Buy Matthew Caras Individual 02. Jul 18 02. Jul 18 10 $30.00 $300
15. Jun 18 Buy David Colter Individual 15. Jun 18 15. Jun 18 330 $29.93 $9,877
27. Apr 18 Sell Stephen Theroux Individual 26. Apr 18 26. Apr 18 -1,000 $29.83 $-29,830
19. Mar 18 Sell Stephen Theroux Individual 12. Mar 18 13. Mar 18 -646 $29.50 $-19,057
16. Mar 18 Sell William McIver Individual 14. Mar 18 14. Mar 18 -1,100 $29.65 $-32,615
08. Mar 18 Buy Scott Toothaker Individual 07. Mar 18 07. Mar 18 6,500 $29.09 $189,085
15. Feb 18 Buy Kenneth Smith Individual 31. Dec 17 31. Dec 17 20 $27.26 $548
19. Dec 17 Sell Stephen Theroux Individual 15. Dec 17 15. Dec 17 -355 $28.94 $-10,274
11. Dec 17 Buy Richard Maltz Individual 08. Dec 17 08. Dec 17 100 $27.69 $2,769
30. Nov 17 Sell Stephen Ensign Individual 29. Nov 17 29. Nov 17 -803 $30.55 $-24,534
30. Nov 17 Sell Stephen Theroux Individual 29. Nov 17 29. Nov 17 -803 $30.55 $-24,534
X
Management checks
We assess Bar Harbor Bankshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bar Harbor Bankshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BHB News

External News
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Simply Wall St News

Here's How P/E Ratios Can Help Us Understand Bar Harbor Bankshares (NYSEMKT:BHB)

To keep it practical, we'll show how Bar Harbor Bankshares's (NYSEMKT:BHB) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Bar Harbor Bankshares's P/E ratio is 12.46. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Worry About Bar Harbor Bankshares's (NYSEMKT:BHB) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Bar Harbor Bankshares has a market cap of US$408m, and is paying total annual CEO compensation of US$1m. … So Curtis Simard receives a similar amount to the median CEO pay, amongst the companies we looked at.

Simply Wall St -

2 Days Left To Bar Harbor Bankshares (NYSEMKT:BHB)’s Ex-Dividend Date, Should Investors Buy?

If you are interested in cashing in on Bar Harbor Bankshares's (NYSEMKT:BHB) upcoming dividend of US$0.20 per share, you only have 2 days left to buy the shares before its ex-dividend date, 13 August 2018, in time for dividends payable on the 14 September 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

Should You Buy Bar Harbor Bankshares (NYSEMKT:BHB) For Its Dividend?

In the past 10 years Bar Harbor Bankshares (NYSEMKT:BHB) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Does Bar Harbor Bankshares tick all the boxes of a great dividend stock? … Check out our latest analysis for Bar Harbor Bankshares

Simply Wall St -

Why Bar Harbor Bankshares (NYSEMKT:BHB) May Not Be As Risky Than You Think

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Bar Harbor Bankshares’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Bar Harbor Bankshares's a stock investment. … See our latest analysis for Bar Harbor Bankshares

Simply Wall St -

Should You Buy Bar Harbor Bankshares (NYSEMKT:BHB) At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Bar Harbor Bankshares (NYSEMKT:BHB). … Bar Harbor Bankshares (NYSEMKT:BHB) is currently trading at a trailing P/E of 15.8x, which is lower than the industry average of 0x.

Simply Wall St -

How Bar Harbor Bankshares (NYSEMKT:BHB) Can Add Value To Your Portfolio

I've been keeping an eye on Bar Harbor Bankshares (NYSEMKT:BHB) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe BHB has a lot to offer. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

Why Bar Harbor Bankshares's (NYSEMKT:BHB) ROE Of 8.40% Does Not Tell The Whole Story

Check out our latest analysis for Bar Harbor Bankshares What you must know about ROE Return on Equity (ROE) is a measure of Bar Harbor Bankshares’s profit relative to its shareholders’ equity. … This means Bar Harbor Bankshares’s returns actually do not cover its own cost of equity, with a discrepancy of -1.58%. … This means Bar Harbor Bankshares’s below-average ROE is already being driven by its high leverage and its ability to grow profit hinges on a large debt burden.

Simply Wall St -

Bar Harbor Bankshares (NYSEMKT:BHB): What You Have To Know Before Buying For The Upcoming Dividend

View our latest analysis for Bar Harbor Bankshares How I analyze a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … Next Steps: Taking into account the dividend metrics, Bar Harbor Bankshares ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers. … Given that this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you.

Simply Wall St -

Read This Before Buying Bar Harbor Bankshares (NYSEMKT:BHB) For Its Upcoming $0.19 Dividend

Check out our latest analysis for Bar Harbor Bankshares How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … AMEX:BHB Historical Dividend Yield Feb 10th 18 How does Bar Harbor Bankshares fare? … Next Steps: Taking into account the dividend metrics, Bar Harbor Bankshares ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers.

Simply Wall St -

BHB Company Info

Map
Description

Bar Harbor Bankshares operates as a bank holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. It offers various deposit products, including interest-bearing and non-interest-bearing demand accounts, NOW accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as single and multi-family, commercial construction and land, and other commercial real estate classes; commercial and industrial loans include loans to commercial businesses; agricultural and other loans to farmers; and tax exempt loans; residential real estate loans consist of mortgages for 1-to-4 family housing; and consumer loans comprises home equity, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third party investment and insurance services. Further, the company offers investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and trust services, such as custody, estate settlement, and fiduciary tax services. Additionally, it provides trust and investment management services include trustee of both living trusts and trusts under wills, such as revocable, irrevocable, charitable remainder, and testamentary trusts, as well as holds accounts for and manages financial, real estate, and special assets. As of December 31, 2017, the company provided a range of financial services through its 47 branch locations in Northern New England with branches in Maine, New Hampshire, and Vermont. Bar Harbor Bankshares was founded in 1887 and is based in Bar Harbor, Maine.

Details
Name: Bar Harbor Bankshares
BHB
Exchange: AMEX
Founded: 1887
$387,589,976
15,509,803
Website: http://www.bhbt.com
Address: Bar Harbor Bankshares
82 Main Street,
PO Box 400,
Bar Harbor,
Maine, 04609,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX BHB Common Stock NYSE MKT LLC US USD 06. Jun 1995
Number of employees
Current staff
Staff numbers
423
Bar Harbor Bankshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 00:46
End of day share price update: 2018/11/16 00:00
Last estimates confirmation: 2016/01/28
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.