Bar Harbor Bankshares (BHB) AI Stock Analysis

• Market Cap: $492.31M
• Dividend Yield: 4.2%
• Average Volume (3M): 56.18K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.81
• Revenue Growth: 4.26%
• EPS Growth: -16.52%
• Country: US
• Employees: 458
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.54
• Shares Outstanding: 16,682,898
• 10 Day Avg. Volume: 51,440
• 30 Day Avg. Volume: 56,179
• PEG Ratio: -3.17
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 2.08
• P/FCF Ratio: 10.36
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $34.00
• Price Target Upside: 12.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $33.00 ▲(8.95% Upside)

Bar Harbor Bankshares receives a solid overall score due to its strong financial performance and attractive valuation. The company's profitability margins and leverage management are commendable, though revenue growth challenges and operational cash flow issues need attention. The valuation metrics suggest the stock is undervalued with a strong dividend yield, making it appealing for income investors. Technical analysis presents a mixed outlook, with no strong momentum in either direction.

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-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, 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 trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.

How the Company Makes Money

Bar Harbor Bankshares generates revenue through several key streams primarily associated with its banking operations. The largest source of income comes from net interest income, which is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. This is supplemented by non-interest income from various service fees, including account maintenance fees, transaction fees, and charges for wealth management and investment services. Additionally, the bank engages in commercial lending, providing loans to businesses, which can yield higher interest revenue. Strategic partnerships with local businesses and community organizations also enhance its market reach and customer base, contributing to overall revenue growth.

Bar Harbor Bankshares Financial Statement Overview

Summary

Bar Harbor Bankshares demonstrates strong financial performance with notable revenue growth and improved EBIT margins. The elimination of debt strengthens its balance sheet, although a slight decline in ROE suggests potential areas for improvement in profitability. The company shows robust cash flows, supporting its financial stability and growth prospects.

Income Statement

Bar Harbor Bankshares has demonstrated a strong revenue growth trajectory, with a notable increase from $150.4 million in 2023 to $188.7 million in 2024, reflecting a 25.5% growth rate. The gross profit margin stands at 100%, as expected in the banking industry, with no cost of goods sold. The net profit margin slightly declined from 29.8% in 2023 to 23.1% in 2024, indicating increased expenses or provisions. EBIT margin improved significantly to 98.9% in 2024, showcasing effective cost management.

Balance Sheet

The company's balance sheet shows robust equity with a healthy equity ratio of 11.2% in 2024, up from 10.9% in 2023. The debt-to-equity ratio improved substantially from 0.77 in 2023 to 0 in 2024, as the company eliminated its total debt, enhancing financial stability. Return on equity decreased slightly to 9.5% in 2024 from 10.4% in 2023, which may suggest reduced efficiency in generating profits from equity.

Cash Flow

Free cash flow increased to $52.4 million in 2024 from $40.9 million in 2023, reflecting a growth rate of 31.2%. The operating cash flow to net income ratio improved to 1.20, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio remains at 1.20, suggesting that capital expenditures are minimal or non-existent. The company maintains a positive cash flow trend, supporting its financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	205.39M	224.44M	150.41M	161.17M	153.06M	136.54M
Gross Profit	147.18M	149.38M	150.41M	143.67M	138.96M	136.54M
EBITDA	46.48M	56.03M	0.00	61.22M	55.23M	47.45M
Net Income	39.49M	43.54M	44.85M	43.56M	39.30M	33.24M
Balance Sheet
Total Assets	4.11B	4.08B	3.97B	3.91B	3.71B	3.73B
Cash, Cash Equivalents and Short-Term Investments	579.64M	555.28M	576.79M	651.81M	868.66M	811.05M
Total Debt	297.06M	290.60M	331.50M	394.25M	178.52M	336.02M
Total Liabilities	3.64B	3.62B	3.54B	3.52B	3.29B	3.31B
Stockholders Equity	468.86M	458.43M	432.06M	393.45M	424.15M	411.34M
Cash Flow
Free Cash Flow	54.16M	44.98M	40.87M	55.08M	58.76M	31.40M
Operating Cash Flow	53.05M	52.37M	47.40M	57.60M	60.48M	38.17M
Investing Cash Flow	-107.29M	-141.88M	-62.29M	-410.58M	-6.06M	142.75M
Financing Cash Flow	39.43M	66.83M	17.43M	194.88M	-30.03M	-11.82M

Bar Harbor Bankshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 30.29 is above the 20-day moving average (MA) of 29.90, below the 50-day MA of 31.00, and above the 200-day MA of 30.11, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 71.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BHB.

Bar Harbor Bankshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNTY	73 Outperform	$494.83M	9.33	17.46%	1.16%	11.38%	36.10%
BHB	71 Outperform	$492.31M	12.74	7.37%	4.20%	4.26%	-16.52%
NRIM	70 Outperform	$463.02M	10.47	16.69%	5.36%	27.34%	39.43%
PFIS	69 Neutral	$471.55M	14.09	8.08%	5.15%	67.70%	39.18%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PGC	64 Neutral	$464.68M	14.45	5.31%	0.72%	7.35%	-2.65%
NFBK	63 Neutral	$444.86M	12.32	5.02%	4.68%	7.66%	28.75%

Bar Harbor Bankshares Corporate Events

Bar Harbor Bankshares Reports Strong Q3 2025 Results

Bar Harbor Bankshares, a community bank serving Northern New England, reported its third quarter 2025 financial results, highlighting a significant acquisition and strong financial performance. The company completed the acquisition of Guaranty Bancorp, Inc., integrating its systems and branches, which contributed to a notable increase in assets and deposits. Bar Harbor Bankshares achieved a GAAP net income of $8.9 million, or $0.54 per diluted share, and core earnings of $15.4 million, or $0.95 per diluted share, reflecting growth compared to the previous quarter.

Bar Harbor Bankshares Announces Quarterly Dividend

On October 21, 2025, Bar Harbor Bankshares announced a quarterly cash dividend of $0.32 per share, payable on December 19, 2025. The company reported strong third-quarter results, with a significant increase in net income and core earnings compared to the previous quarter. The successful acquisition and integration of Guaranty Bancorp, Inc. contributed to the company’s growth, enhancing its asset base and deposit levels. The acquisition also allowed the company to optimize its balance sheet, resulting in improved financial metrics such as net interest margin and efficiency ratio. These developments position Bar Harbor Bankshares for continued growth and strengthened market positioning.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.

Bar Harbor Bankshares Completes Acquisition of Guaranty Bancorp

On July 31, 2025, Bar Harbor Bankshares completed its acquisition of Guaranty Bancorp, Inc., merging Guaranty into Bar Harbor and its subsidiary Woodsville Guaranty Savings Bank into Bar Harbor Bank & Trust. This strategic merger, valued at approximately $39.2 million, expands Bar Harbor’s footprint to 62 branches with total assets of around $4.8 billion across Maine, New Hampshire, and Vermont. The merger is seen as a significant milestone in Bar Harbor’s growth strategy, enhancing its market presence in Northern New England. Additionally, James E. Graham, former CEO of Guaranty, was appointed to Bar Harbor’s Board of Directors, further integrating leadership from the acquired company.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.

Bar Harbor Bankshares Reports Q2 2025 Earnings

Bar Harbor Bankshares, a community bank with a long-standing presence in Northern New England, provides full-service banking through its subsidiary Bar Harbor Bank & Trust. The company recently reported its second quarter 2025 earnings, highlighting a GAAP net income of $6.1 million and core earnings of $10.8 million, alongside a dividend declaration of $0.32 per share. Key financial metrics showed a stable asset base of $4.1 billion, with notable growth in commercial loans and an expanded net interest margin to 3.23%. The acquisition of Guaranty Bancorp, Inc. is set to enhance market presence and operational scale. Looking forward, Bar Harbor Bankshares aims to continue optimizing its balance sheet and executing strategic growth opportunities, supported by its recognition as one of America’s ‘Best-in-State Banks’ by Forbes.

Bar Harbor Bankshares Releases Investor Presentation

On July 28, 2025, Bar Harbor Bankshares released an investor presentation in preparation for meetings scheduled on July 29, 2025. The presentation outlines forward-looking statements and potential risks, including economic conditions, competition, and regulatory changes, which could impact the company’s operations and financial performance.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.