Bar Harbor Bankshares (BHB) AI Stock Analysis

• Market Cap: $550.72M
• Dividend Yield: 3.82%
• Average Volume (3M): 72.56K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 0.78
• Revenue Growth: 4.26%
• EPS Growth: -16.52%
• Country: US
• Employees: 458
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.95
• Shares Outstanding: 16,688,574
• 10 Day Avg. Volume: 66,911
• 30 Day Avg. Volume: 72,556
• 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: 1.17
• Enterprise Value/Revenue: 2.79
• Enterprise Value/Gross Profit: 4.22
• Enterprise Value/Ebitda: 13.58
• 1Y Price Target: $34.00
• Price Target Upside: 3.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 3.14
• Revenue Forecast (FY): $174.49M

• Rating: 76 Outperform
• Price Target: $35.00 ▲(6.06% Upside)

Bar Harbor Bankshares scores well due to strong technical indicators and positive corporate events, including a strategic acquisition and dividend announcement. While financial performance is solid, challenges in cash flow management and moderate return on equity suggest areas for improvement. The valuation is reasonable, supported by a healthy dividend yield.

Positive Factors

Strategic Acquisition

The acquisition of Guaranty Bancorp, Inc. strengthens Bar Harbor Bankshares' market position and financial metrics, supporting long-term growth.

Dividend Announcement

The dividend announcement reflects strong financial health and a commitment to shareholder returns, indicating confidence in future cash flow stability.

Leverage Management

Improved leverage management enhances financial stability and flexibility, allowing for better capital allocation and risk management.

Negative Factors

Cash Flow Challenges

Negative free cash flow growth suggests inefficiencies in cash operations, which could hinder the ability to invest in growth opportunities.

Moderate Return on Equity

A moderate return on equity indicates potential inefficiencies in generating profits from shareholders' equity, impacting long-term profitability.

Declining Gross Profit Margin

A declining gross profit margin may signal increased costs or pricing pressures, affecting future profitability and competitive positioning.

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 solid profitability and improved leverage management. However, challenges in cash flow generation and moderate return on equity indicate areas for enhancement. The company maintains a stable revenue growth trajectory, but further improvements in operational efficiency and cash flow management are necessary for sustained growth.

Income Statement

Bar Harbor Bankshares shows a stable revenue growth rate of 3.7% TTM, indicating consistent performance. The gross profit margin is strong at 53.6%, although it has decreased from previous years. Net profit margin remains healthy at 17.8% TTM, despite a slight decline. EBIT and EBITDA margins are stable, reflecting efficient operations. Overall, the income statement reflects solid profitability with room for improvement in growth rates.

Balance Sheet

The debt-to-equity ratio has improved to 0.37 TTM, indicating better leverage management. Return on equity is moderate at 7.6% TTM, showing a slight decline. The equity ratio is stable, suggesting a balanced asset structure. While the company has reduced its debt levels, the return on equity could be enhanced for stronger performance.

Cash Flow

Free cash flow growth is negative at -28.2% TTM, indicating challenges in cash generation. However, the free cash flow to net income ratio is strong at 1.02, showing effective cash conversion. The operating cash flow to net income ratio is low, suggesting potential inefficiencies in cash operations. Overall, cash flow management needs improvement to support growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	231.35M	224.44M	150.41M	161.17M	153.06M	169.06M
Gross Profit	153.13M	149.38M	150.41M	143.67M	138.96M	136.47M
EBITDA	47.52M	56.03M	0.00	61.27M	55.23M	47.45M
Net Income	36.16M	43.54M	44.85M	43.56M	39.30M	33.24M
Balance Sheet
Total Assets	4.72B	4.08B	3.97B	3.91B	3.71B	3.73B
Cash, Cash Equivalents and Short-Term Investments	662.85M	592.61M	629.42M	651.81M	868.66M	811.05M
Total Debt	192.19M	290.60M	301.50M	394.25M	178.52M	336.02M
Total Liabilities	4.20B	3.62B	3.54B	3.52B	3.29B	3.31B
Stockholders Equity	520.96M	458.43M	432.06M	393.45M	424.15M	411.34M
Cash Flow
Free Cash Flow	38.90M	44.98M	40.87M	55.08M	58.76M	31.40M
Operating Cash Flow	44.38M	52.37M	47.40M	57.60M	60.48M	38.17M
Investing Cash Flow	39.27M	-141.88M	-62.29M	-410.58M	-6.06M	142.75M
Financing Cash Flow	-28.16M	66.83M	17.43M	194.88M	-30.03M	-11.82M

Bar Harbor Bankshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 33 is above the 20-day moving average (MA) of 30.82, above the 50-day MA of 29.88, and above the 200-day MA of 29.70, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 72.44 is Negative, neither overbought nor oversold. The STOCH value of 84.57 is Negative, 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
NRIM	81 Outperform	$603.30M	9.72	21.92%	2.33%	36.60%	92.63%
UNTY	80 Outperform	$558.19M	10.53	17.46%	1.04%	11.38%	36.10%
BHB	76 Outperform	$550.72M	14.22	7.37%	3.82%	4.26%	-16.52%
PGC	76 Outperform	$519.72M	15.28	5.50%	0.68%	9.16%	6.95%
NFBK	72 Outperform	$509.25M	12.49	5.56%	4.27%	6.08%	52.64%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PFIS	63 Neutral	$525.12M	9.93	10.83%	4.70%	39.98%	413.87%

Bar Harbor Bankshares Corporate Events

Bar Harbor Bankshares Releases Investor Presentation

On November 10, 2025, Bar Harbor Bankshares released an investor presentation intended for meetings on November 11, 2025. The presentation, available on the company’s website, includes forward-looking statements subject to various risks and uncertainties that could impact the company’s financial performance and operations.

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.