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Bar Harbor Bankshares
(BHB)
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Rating:69Neutral
Price Target:
$42.00
â–²(6.63% Upside)
Action:Downgraded
Date:10/23/26
The score is driven primarily by solid financial performance—improving earnings, strong cash generation, and reasonable leverage—offset by top-line pressure from declining TTM revenue. Technical signals are neutral-to-soft (negative MACD and slightly below the 50-day average), while valuation is supportive with a moderate P/E and a ~3.4% dividend yield. A positive recent corporate update (higher earnings and net interest margin with deposit growth) provides an additional tailwind, though unrealized securities losses and lower book value are notable risks.
Positive Factors
Strong cash generation
Strong operating and free cash flow indicate that reported earnings are translating into cash. This supports internal reinvestment, capital flexibility, and resilience through changing banking conditions, while reducing reliance on external funding to sustain operations and growth.
Negative Factors
Recent revenue pressure
The recent top-line decline shows that stronger profitability has not been matched by consistent revenue expansion. If revenue pressure persists, it could constrain operating leverage, reduce resources available for investment, and make future earnings growth more dependent on margins or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong operating and free cash flow indicate that reported earnings are translating into cash. This supports internal reinvestment, capital flexibility, and resilience through changing banking conditions, while reducing reliance on external funding to sustain operations and growth.
Read all positive factors
Bar Harbor Bankshares (BHB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$678.36M
Dividend Yield3.26%
Average Volume (3M)98.59K
Price to Earnings (P/E)12.0
Beta (1Y)0.65
Revenue Growth15.90%
EPS Growth45.08%
CountryUS
Employees530
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.97
Shares Outstanding16,766,080
10 Day Avg. Volume79,962
30 Day Avg. Volume98,590
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)0.97
Price to Sales (P/S)2.13
P/FCF Ratio11.93
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue3.38
Enterprise Value/Gross Profit5.17
Enterprise Value/Ebitda12.79
Forecast
1Y Price Target
$42.00Price Target Upside6.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.67
Revenue Forecast (FY)$198.30M
Bar Harbor Bankshares Business Overview & Revenue Model
Company Description
Bar Harbor Bankshares acts as the parent organization for Bar Harbor Bank & Trust, which delivers a full spectrum of banking services covering commercial, retail, lending, and wealth management. The bank offers a variety of deposit products, inclu...
How the Company Makes Money
BHB generates revenue primarily through its banking subsidiary by earning interest income and collecting fees for financial services. The largest driver is net interest income: the bank earns interest and fees on loans (such as commercial loans, c...
Bar Harbor Bankshares Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 228.46M | 243.34M | 224.44M | 150.41M | 161.17M | 153.06M |
| Gross Profit | 149.24M | 164.01M | 149.38M | 150.41M | 143.67M | 138.96M |
| EBITDA | 60.32M | 52.50M | 56.03M | 21.00K | 61.27M | 55.23M |
| Net Income | 49.37M | 36.92M | 43.54M | 44.85M | 43.56M | 39.30M |
Balance Sheet | ||||||
| Total Assets | 4.74B | 4.68B | 4.08B | 3.97B | 3.91B | 3.71B |
| Cash, Cash Equivalents and Short-Term Investments | 648.04M | 678.26M | 592.61M | 629.42M | 651.81M | 868.66M |
| Total Debt | 281.16M | 269.64M | 290.60M | 301.50M | 394.25M | 178.52M |
| Total Liabilities | 4.19B | 4.15B | 3.62B | 3.54B | 3.52B | 3.29B |
| Stockholders Equity | 549.55M | 532.54M | 458.43M | 432.06M | 393.45M | 424.15M |
Cash Flow | ||||||
| Free Cash Flow | 57.91M | 43.47M | 44.98M | 40.87M | 53.39M | 57.45M |
| Operating Cash Flow | 64.09M | 48.28M | 52.37M | 47.40M | 55.91M | 59.17M |
| Investing Cash Flow | 71.64M | 88.71M | -141.88M | -62.29M | -408.89M | -4.75M |
| Financing Cash Flow | -41.48M | -128.31M | 66.83M | 17.43M | 194.88M | -30.03M |
Bar Harbor Bankshares Technical Analysis
Positive
39.39
Price Trends
39.40
Positive
38.55
Positive
35.76
Positive
Market Momentum
-0.06
Negative
65.19
Neutral
81.89
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 39.39 is above the 20-day moving average (MA) of 38.71, below the 50-day MA of 39.40, and above the 200-day MA of 35.76, indicating a bullish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 65.19 is Neutral, neither overbought nor oversold. The STOCH value of 81.89 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $977.33M | 11.04 | 12.62% | 2.90% | 12.80% | 65.27% | |
69 Neutral | $678.36M | 11.97 | 10.50% | 3.26% | 15.90% | 45.08% | |
69 Neutral | $410.34M | 10.24 | 13.69% | 4.13% | 2.06% | 24.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $1.10B | 9.96 | 19.35% | 0.03% | 9.28% | 25.70% | |
64 Neutral | $236.97M | 12.86 | 0.06% | 2.98% | 8.95% | 25.40% | |
62 Neutral | $710.76M | 12.30 | 11.82% | 3.10% | 8.43% | 69.62% |
* Financial Sector Average
BHB
Bar Harbor Bankshares
40.46
11.66
40.50%
AROW
Arrow Financial
38.37
12.15
46.32%
CAC
Camden National
57.84
21.92
61.02%
FNLC
First Bancorp
36.36
12.28
50.98%
NBN
Northeast Bancorp
128.74
32.92
34.35%
CMTV
Community Bancorp
42.31
19.51
85.53%
Bar Harbor Bankshares Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Bar Harbor Bankshares Reports Strong Third-Quarter Performance
Positive
Oct 22, 2026
On October 22, 2026, Bar Harbor Bankshares reported a stronger third quarter, with GAAP net income rising to $16.1 million and core earnings to $17.5 million, helped by an expanded net interest margin of 3.77 percent and improved returns on assets...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Bar Harbor Bankshares Releases Q2 2026 Investor Presentation
Neutral
Sep 21, 2026
On September 21, 2026, Bar Harbor Bankshares released a Q2 2026 investor presentation and made it available on its website ahead of investor meetings scheduled for September 22 and 23, 2026, providing stakeholders with updated materials on its fin...
Business Operations and StrategyExecutive/Board Changes
Bar Harbor Bankshares Announces Chief Lending Officer Retirement
Neutral
Sep 15, 2026
Bar Harbor Bankshares announced that John M. Mercier, Executive Vice President and Chief Lending Officer of the Company and its subsidiary Bar Harbor Bank Trust, notified the Board on September 15, 2026, of his intent to retire. His retirement wi...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Bar Harbor Bankshares Releases 2026 Investor Presentation Update
Neutral
Jul 27, 2026
On July 27, 2026, Bar Harbor Bankshares released a 2026 investor presentation ahead of meetings scheduled for July 28, 2026, and made the materials available to the public via its website. The presentation and accompanying Form 8-K detail extensiv...
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.