AMEX:BHB

Stock Analysis Report

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 products and services.

Snowflake

Fundamentals

Excellent 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


Market Performance


7 Day Return

0.3%

BHB

2.7%

US Banks

0.5%

US Market


1 Year Return

3.4%

BHB

2.9%

US Banks

6.8%

US Market

Return vs Industry: BHB matched the US Banks industry which returned 2.9% over the past year.

Return vs Market: BHB underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

BHBIndustryMarket
7 Day0.3%2.7%0.5%
30 Day4.1%1.1%-0.8%
90 Day3.5%2.7%-0.9%
1 Year7.0%3.4%5.8%2.9%9.2%6.8%
3 Year13.2%3.6%52.0%41.5%45.6%36.2%
5 Year55.3%33.6%69.2%50.7%63.2%45.4%

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

Valuation

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

15.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BHB ($25.7) is trading above our estimate of fair value ($13.76)

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 (15.3x) compared to the Banks industry average (12.5x).

PE vs Market: BHB is good value based on its PE Ratio (15.3x) compared to the US market (17.7x).


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 is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


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?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHB's forecast earnings growth (10.4% per year) is above the savings rate (2.7%).

Earnings vs Market: BHB's earnings (10.4% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: Insufficient data to determine if BHB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BHB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BHB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BHB's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: BHB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BHB had negative earnings growth (-18.5%) over the past year, making it difficult to compare to the Banks industry average (29.7%).


Return on Equity

High ROE: BHB's Return on Equity (6.6%) is considered low.


Return on Assets

ROA vs Industry: BHB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BHB's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: BHB has a low level of unsold assets or inventory.

Debt Coverage by Assets: BHB's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: BHB's level of assets compared to its equity is low.

Allowance for Bad Loans: BHB has a low allowance for bad loans.

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

Loan Level: BHB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BHB's loans are broadly funded by customer deposits.

Level of Bad Loans: BHB has an appropriate level of bad loans (0.65%)


Next Steps

Dividend

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

3.42%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BHB's dividend (3.42%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BHB's dividend (3.42%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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 (49.9%), 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

Management

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

3.0yrs

Average management tenure


CEO

Curtis Simard (48yo)

6.2yrs

Tenure

US$1,241,216

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


CEO Compensation Analysis

Compensation vs. Market: Curtis's total compensation ($USD1.24M) is about average for companies of similar size in the US market ($USD1.80M).

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


Management Age and Tenure

3.0yrs

Average Tenure

54yo

Average Age

Experienced Management: BHB's management team is considered experienced (3 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: BHB's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

Insider Buying: BHB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$71,13204 Oct 19
Stephen Theroux
EntityIndividual
Shares3,064
Max PriceUS$23.22
BuyUS$5,79113 Sep 19
Kenneth Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares250
Max PriceUS$23.16
BuyUS$9,94104 Sep 19
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares460
Max PriceUS$21.61
BuyUS$8,78030 Aug 19
Brendan O’Halloran
EntityIndividual
Shares400
Max PriceUS$21.95
BuyUS$116,17527 Aug 19
Scott Toothaker
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,371
Max PriceUS$21.63
BuyUS$10,75426 Aug 19
Brendan O’Halloran
EntityIndividual
Shares500
Max PriceUS$21.51
BuyUS$10,06916 Aug 19
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares446
Max PriceUS$22.60
BuyUS$12,75031 Jul 19
Kenneth Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$25.50
BuyUS$26,62005 Mar 19
Brendan O’Halloran
EntityIndividual
Shares1,000
Max PriceUS$26.62
BuyUS$26201 Mar 19
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10
Max PriceUS$26.22
BuyUS$59215 Feb 19
Joseph Pratt
EntityIndividual
Shares24.65
Max PriceUS$28.84
BuyUS$12,73215 Feb 19
Curtis Simard
EntityIndividual
Role
Chief Executive Officer
President
Shares481.39
Max PriceUS$29.75
BuyUS$3,18415 Feb 19
Stephen Theroux
EntityIndividual
Shares133.69
Max PriceUS$23.82
BuyUS$23915 Feb 19
David Colter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10.25
Max PriceUS$23.30
BuyUS$1,55515 Feb 19
Richard Maltz
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares66.24
Max PriceUS$23.47
BuyUS$2,74015 Feb 19
Kenneth Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares115.75
Max PriceUS$23.91
BuyUS$2,14415 Feb 19
Lauri Fernald
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares80.52
Max PriceUS$29.99
BuyUS$76015 Feb 19
Kenneth Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares26.62
Max PriceUS$29.01
BuyUS$40015 Feb 19
John Land
EntityIndividual
Shares17.42
Max PriceUS$23.88
BuyUS$2,24515 Feb 19
Stephen Ensign
EntityIndividual
Shares94.26
Max PriceUS$23.82
BuyUS$27315 Feb 19
John Land
EntityIndividual
Shares19.28
Max PriceUS$25.74
BuyUS$52214 Feb 19
David Woodside
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares22.25
Max PriceUS$23.47
BuyUS$1,17414 Feb 19
David Woodside
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares49.65
Max PriceUS$23.91
BuyUS$23601 Feb 19
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10
Max PriceUS$23.64
BuyUS$22603 Jan 19
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10
Max PriceUS$22.60
BuyUS$26003 Dec 18
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10
Max PriceUS$26.02
BuyUS$192,67428 Nov 18
Scott Toothaker
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,000
Max PriceUS$24.13
SellUS$59,71227 Nov 18
Stephen Ensign
EntityIndividual
Shares2,500
Max PriceUS$23.88
BuyUS$24,98521 Nov 18
Stephen Theroux
EntityIndividual
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Scott Toothaker
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Daina Belair
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Lauri Fernald
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Brendan O’Halloran
EntityIndividual
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Steven H. Dimick
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
David Colter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Kenneth Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Stephen Ensign
EntityIndividual
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
David Woodside
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares1,035
Max PriceUS$24.14
BuyUS$24,98521 Nov 18
Martha Dudman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,035
Max PriceUS$24.14
BuyUS$13,14620 Nov 18
John Land
EntityIndividual
Shares532
Max PriceUS$24.84
BuyUS$33,04509 Nov 18
John Land
EntityIndividual
Shares1,262
Max PriceUS$26.19
BuyUS$26001 Nov 18
Matthew Caras
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10
Max PriceUS$25.98
BuyUS$9,76029 Oct 18
David Colter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400
Max PriceUS$24.40

Ownership Breakdown


Management Team

  • Josh Radel

    Chief Investment Officer

    • Tenure: 3.2yrs
  • Greg Dalton (59yo)

    Executive VP & Regional Banking Team Leader - Bar Harbor Bank & Trust

    • Tenure: 2.8yrs
    • Compensation: US$391.00k
  • Marcia Bender

    Senior Vice President

    • Tenure: 0yrs
  • Curtis Simard (48yo)

    President

    • Tenure: 6.2yrs
    • Compensation: US$1.24m
  • Josephine Iannelli (47yo)

    Executive VP

    • Tenure: 3yrs
    • Compensation: US$722.47k
  • Rick Maltz (59yo)

    Executive VP

    • Tenure: 3.1yrs
    • Compensation: US$718.10k
  • Kim Pruett-Ilg

    Corporate Secretary

    • Tenure: 0yrs
  • John Mercier (55yo)

    Executive VP & Chief Lending Officer

    • Tenure: 1yrs
    • Compensation: US$509.85k
  • Tricia Wheeler

    Senior Vice President & Chief Compliance Officer

    • Tenure: 1.8yrs
  • Marion Colombo (53yo)

    Executive VP & Director of Retail Delivery

    • Tenure: 0yrs
    • Compensation: US$579.31k

Board Members

  • Matt Caras (63yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$59.89k
  • Martha Dudman (67yo)

    Independent Director

    • Tenure: 16.4yrs
    • Compensation: US$56.99k
  • Scott Toothaker (56yo)

    Independent Director

    • Tenure: 16.4yrs
    • Compensation: US$60.89k
  • David Woodside (67yo)

    Independent Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: US$79.29k
  • Daina Belair (64yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$56.29k
  • Kenneth Smith (65yo)

    Independent Director

    • Tenure: 15.4yrs
    • Compensation: US$64.99k
  • Lauri Fernald (57yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$61.49k
  • Curtis Simard (48yo)

    President

    • Tenure: 6.2yrs
    • Compensation: US$1.24m
  • David Colter (51yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$51.29k
  • Steve Dimick (68yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$51.99k

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$399.609m
  • Shares outstanding: 15.55m
  • Website: https://www.bhbt.com

Number of Employees


Location

  • Bar Harbor Bankshares
  • 82 Main Street
  • PO Box 400
  • Bar Harbor
  • Maine
  • 4609
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHBAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1995

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:31
End of Day Share Price2019/10/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.