Bar Harbor Bankshares (NYSEAMERICAN:BHB) Hits New 1-Year High – Should You Buy?

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHBGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $35.18 and last traded at $34.97, with a volume of 18601 shares changing hands. The stock had previously closed at $34.18.

Bar Harbor Bankshares Trading Up 1.4%

The company’s 50-day moving average is $31.39 and its 200-day moving average is $30.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market cap of $578.39 million, a price-to-earnings ratio of 14.94 and a beta of 0.66.

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. Bar Harbor Bankshares had a net margin of 15.51% and a return on equity of 9.95%. The company had revenue of $47.49 million during the quarter, compared to the consensus estimate of $36.60 million. On average, research analysts predict that Bar Harbor Bankshares, Inc. will post 2.84 earnings per share for the current year.

About Bar Harbor Bankshares

(Get Free Report)

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.

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