Bar Harbor Bankshares (BHB) AI Stock Analysis

• Market Cap: $447.50M
• Dividend Yield: 4.06%
• Average Volume (3M): 45.51K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.99
• Revenue Growth: 7.81%
• EPS Growth: -3.54%
• Country: US
• Employees: 462
• Sector: Financial
• Sector Strength: 77
• Industry: Banking
• EPS (TTM): 2.85
• Shares Outstanding: 15,317,222
• 10 Day Avg. Volume: 52,717
• 30 Day Avg. Volume: 45,514
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.98
• Price to Cash Flow (P/CF): 4.80
• P/FCF Ratio: 2.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $35.50
• Price Target Upside: 18.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

Bar Harbor Bankshares presents a promising outlook driven by strong financial performance and strategic corporate events like the merger with Guaranty Bancorp. Despite a bearish technical analysis, the valuation is attractive, making it a potentially rewarding investment. However, investors should be cautious of current market momentum.

Bar Harbor Bankshares Business Overview & Revenue Model

Company Description

Bar Harbor Bankshares operates through its subsidiaries, which engages in the provision of commercial, retail, and wealth management banking services. It includes lending activities, acceptance of demand, savings and time deposits, business services, investment management, and trust and third-party brokerage services. The company was founded on January 19, 1984 and is headquartered in Bar Harbor, ME.

How the Company Makes Money

Bar Harbor Bankshares generates revenue primarily through interest income from its lending activities and non-interest income from various banking services. Key revenue streams include interest earned on loans such as commercial, residential, and consumer loans, as well as investment securities. The company also earns fees from deposit accounts, wealth management, and trust services, which contribute to its non-interest income. Additionally, BHB benefits from strategic partnerships and a robust regional network that enhances its ability to offer diversified financial products tailored to the needs of its customers. Economic conditions, interest rate fluctuations, and regional market dynamics are significant factors that influence the company's earnings.

Bar Harbor Bankshares Financial Statement Overview

Summary

Bar Harbor Bankshares is performing well across key financial metrics, showcasing strong revenue and free cash flow growth while maintaining a stable balance sheet with improving leverage ratios. Despite operational challenges affecting EBIT margins, the company remains profitable with steady net income margins. The overall financial health is solid, but attention to operational efficiency and cash flow management will be crucial to sustain long-term growth in the competitive banking industry.

Income Statement

Bar Harbor Bankshares shows strong revenue growth, with a notable increase in total revenue from $150.4 million in 2023 to $204.2 million in TTM 2024, indicating a growth rate of 35.8%. The gross profit margin is robust at 100%, suggesting efficient cost management in generating revenue. However, there is a decline in EBIT margin from 49.7% in 2023 to 18.9% in TTM 2024, indicating rising operational costs. Net profit margin is stable at around 20.8% for TTM 2024, reflecting consistent profitability.

Balance Sheet

The company's debt-to-equity ratio has improved from 0.77 in 2023 to 0.52 in TTM 2024, suggesting a reduced leverage and a stronger equity position. The return on equity stands at 9.2% in TTM 2024, which is a slight decline from 10.4% in 2023, indicating a decrease in profitability relative to shareholders' equity. The equity ratio shows stability at around 11.4%, reflecting a balanced approach to financing with equity.

Cash Flow

Bar Harbor Bankshares demonstrates strong free cash flow growth, increasing from $40.9 million in 2023 to $57.0 million in TTM 2024, representing a growth of 39.3%. The operating cash flow to net income ratio is healthy at 1.4, indicating a strong conversion of net income to cash flow. However, there is a decline in free cash flow to net income ratio from 0.91 in 2023 to 1.34 in TTM 2024, suggesting improved liquidity but potential risks if cash flows fluctuate.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
204.24M	150.41M	149.00M	137.83M	142.14M	118.88M
	Gross Profit
205.73M	150.41M	149.00M	137.83M	142.14M	118.88M
	EBIT
38.55M	74.66M	71.93M	48.63M	41.65M	26.83M
	EBITDA
27.90M	0.00	61.22M	55.23M	47.45M	31.84M
	Net Income Common Stockholders
42.49M	44.85M	43.56M	39.30M	33.24M	22.62M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
824.59M	576.79M	651.81M	868.66M	811.05M	720.14M
	Total Assets
3.61B	3.97B	3.91B	3.71B	3.73B	3.67B
	Total Debt
723.80M	331.50M	725.62M	178.52M	336.02M	531.32M
	Net Debt
625.04M	236.66M	633.32M	-71.86M	110.02M	474.41M
	Total Liabilities
3.24B	3.54B	3.52B	3.29B	3.31B	531.32M
	Stockholders Equity
370.58M	432.06M	393.45M	424.15M	411.34M	396.41M
Cash Flow		Free Cash Flow
57.02M	40.87M	55.08M	58.76M	31.40M	27.22M
	Operating Cash Flow
59.49M	47.40M	57.60M	60.48M	38.17M	36.40M
	Investing Cash Flow
-82.49M	-62.29M	-410.58M	-6.06M	142.75M	-84.98M
	Financing Cash Flow
-18.60M	17.43M	194.88M	-30.03M	-11.82M	6.73M

Bar Harbor Bankshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BHB, the sentiment is Negative. The current price of 29.97 is below the 20-day moving average (MA) of 31.72, below the 50-day MA of 31.22, and below the 200-day MA of 30.30, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 38.15 is Neutral, neither overbought nor oversold. The STOCH value of 4.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BHB.

Bar Harbor Bankshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWBI	71 Outperform	$1.50B	15.29	6.36%	6.79%	7.67%	-25.85%
BHB	68 Neutral	$447.50M	10.42	9.78%	4.06%	7.81%	-3.54%
CCNE	67 Neutral	$469.12M	9.37	9.17%	3.20%	11.48%	-6.49%
TMP	65 Neutral	$901.58M	12.58	10.25%	3.94%	41.65%	668.73%
CHCO	64 Neutral	$1.68B	14.51	16.49%	2.63%	11.10%	3.74%
Sector *	64 Neutral	$13.79B	10.52	9.20%	4.24%	17.25%	-7.60%
UBSI	61 Neutral	$4.87B	12.37	7.62%	4.35%	6.80%	1.48%

Bar Harbor Bankshares Corporate Events

Bar Harbor Bankshares Announces Merger with Guaranty Bancorp

On March 11, 2025, Bar Harbor Bankshares and Guaranty Bancorp, Inc. announced a merger agreement where Bar Harbor will acquire Guaranty in an all-stock transaction valued at approximately $41.6 million. The merger aims to expand Bar Harbor’s presence in New Hampshire and is expected to be 30% accretive to Bar Harbor’s earnings per share. The combined entity will operate under the Bar Harbor Bank & Trust name, with approximately 60 branches and $4.8 billion in assets, enhancing its position in Northern New England. The merger is anticipated to be completed in the second half of 2025, subject to regulatory and shareholder approvals.

Bar Harbor Bankshares Announces Dividend and Income Growth

Bar Harbor Bankshares announced a quarterly cash dividend of $0.30 per share on January 23, 2025, payable on March 20, 2025, reflecting the company’s continued financial stability and strategic growth. In the fourth quarter of 2024, the company reported a net income increase to $11 million, driven by commercial loan growth and wealth management income, highlighting its robust financial condition and strategic focus on expanding its commercial and industrial lending capabilities.