Bar Harbor Bankshares (BHB)
:BHB
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Bar Harbor Bankshares
(BHB)
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Rating:72Outperform
Price Target:
$39.00
â–²(11.94% Upside)
Action:UpgradedDate:05/08/26
The score is driven primarily by steady but mixed financial fundamentals (improving revenue and healthier leverage offset by margin/ROE pressure and volatile free cash flow), supported by constructive technical trends and attractive valuation (low P/E plus a solid dividend). Recent corporate actions (dividend raise and buyback authorization) add incremental support.
Positive Factors
Business model diversification
Bar Harbor combines core net interest income from lending and securities with fee-based wealth, mortgage and deposit services. This mixed-revenue model supports more stable earnings over economic cycles, reducing reliance on interest spreads alone and enabling durable fee growth as deposits and AUM expand.
Negative Factors
Compressed profitability / low ROE
Declining return on equity signals reduced capital efficiency and weaker profit conversion relative to past years. Persistently lower ROE constrains internal capital generation, limits reinvestment capacity, and can pressure the sustainability of dividends or growth investments absent margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
Bar Harbor combines core net interest income from lending and securities with fee-based wealth, mortgage and deposit services. This mixed-revenue model supports more stable earnings over economic cycles, reducing reliance on interest spreads alone and enabling durable fee growth as deposits and AUM expand.
Read all positive factors
Bar Harbor Bankshares (BHB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$586.48M
Dividend Yield3.92%
Average Volume (3M)176.48K
Price to Earnings (P/E)10.0
Beta (1Y)0.82
Revenue Growth10.98%
EPS Growth-14.11%
CountryUS
Employees458
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.32
Shares Outstanding16,742,104
10 Day Avg. Volume111,270
30 Day Avg. Volume176,480
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)0.97
Price to Sales (P/S)2.13
P/FCF Ratio11.93
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue3.14
Enterprise Value/Gross Profit4.66
Enterprise Value/Ebitda14.70
Forecast
1Y Price Target
$39.00Price Target Upside11.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.59
Revenue Forecast (FY)$196.83M
Bar Harbor Bankshares Business Overview & Revenue Model
Company Description
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-b...
How the Company Makes Money
BHB primarily earns money through (1) net interest income and (2) noninterest income. Net interest income is generated by taking deposits and other funding (e.g., checking, savings, money market, and time deposits) and deploying those funds into i...
Bar Harbor Bankshares Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 243.34M | 224.44M | 150.41M | 161.17M | 153.06M |
| Gross Profit | 164.01M | 149.38M | 150.41M | 143.67M | 138.96M |
| EBITDA | 52.02M | 56.03M | 0.00 | 61.27M | 55.23M |
| Net Income | 36.92M | 43.54M | 44.85M | 43.56M | 39.30M |
Balance Sheet | |||||
| Total Assets | 4.68B | 4.08B | 3.97B | 3.91B | 3.71B |
| Cash, Cash Equivalents and Short-Term Investments | 678.26M | 592.61M | 629.42M | 651.81M | 868.66M |
| Total Debt | 269.64M | 290.60M | 301.50M | 394.25M | 178.52M |
| Total Liabilities | 4.15B | 3.62B | 3.54B | 3.52B | 3.29B |
| Stockholders Equity | 532.54M | 458.43M | 432.06M | 393.45M | 424.15M |
Cash Flow | |||||
| Free Cash Flow | 43.47M | 44.98M | 40.87M | 53.39M | 57.45M |
| Operating Cash Flow | 48.28M | 52.37M | 47.40M | 55.91M | 59.17M |
| Investing Cash Flow | 88.71M | -141.88M | -62.29M | -408.89M | -4.75M |
| Financing Cash Flow | -128.31M | 66.83M | 17.43M | 194.88M | -30.03M |
Bar Harbor Bankshares Technical Analysis
Positive
34.84
Price Trends
33.21
Positive
32.54
Positive
31.25
Positive
Market Momentum
0.66
Negative
64.45
Neutral
69.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BHB, the sentiment is Positive. The current price of 34.84 is above the 20-day moving average (MA) of 33.37, above the 50-day MA of 33.21, and above the 200-day MA of 31.25, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 64.45 is Neutral, neither overbought nor oversold. The STOCH value of 69.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BHB.
Bar Harbor Bankshares Risk Analysis
Bar Harbor Bankshares disclosed 55 risk factors in its most recent earnings report. Bar Harbor Bankshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bar Harbor Bankshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $548.56M | 9.27 | 20.49% | 2.31% | 26.00% | 53.81% | |
72 Outperform | $586.48M | 10.02 | 7.81% | 3.92% | 10.98% | -14.11% | |
69 Neutral | $764.82M | 10.94 | 6.68% | 0.70% | 10.59% | 37.65% | |
69 Neutral | $531.87M | 9.08 | 17.87% | 1.08% | 15.59% | 39.40% | |
69 Neutral | $589.34M | 9.04 | 11.50% | 4.97% | 11.07% | 175.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | $586.78M | 11.37 | 0.68% | 4.38% | 6.67% | -84.79% |
* Financial Sector Average
BHB
Bar Harbor Bankshares
35.03
5.84
20.00%
NFBK
Northfield Bancorp
14.05
3.19
29.35%
NRIM
Northrim Bancorp
24.66
4.22
20.64%
PGC
Peapack-Gladstone Financial
43.19
14.83
52.27%
UNTY
Unity Bancorp
53.10
9.61
22.10%
PFIS
Peoples Financial Services
58.90
13.40
29.44%
Bar Harbor Bankshares Corporate Events
Executive/Board ChangesShareholder Meetings
Bar Harbor Bankshares Shareholders Back Board and Governance Matters
Positive
May 7, 2026
Bar Harbor Bankshares reported that shareholders attending its May 7, 2026 annual meeting represented 83% of eligible voting power, underscoring strong investor engagement in the governance process. All 10 director nominees were elected to serve u...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Bar Harbor Bankshares Updates Investor Presentation and Disclosures
Neutral
May 6, 2026
On May 6, 2026, Bar Harbor Bankshares released an updated investor presentation ahead of its annual shareholder meeting scheduled for May 7, 2026, making the materials available through a regulatory filing and on its website. The presentation is a...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Bar Harbor Bankshares Posts Strong Q1 Results, Raises Dividend
Positive
Apr 21, 2026
On April 21, 2026, Bar Harbor Bankshares reported first-quarter 2026 GAAP net income of $13.5 million, or $0.81 per diluted share, and core earnings of $14.7 million, or $0.88 per diluted share, reflecting improved profitability over the prior qua...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.