Bar Harbor Bankshares (BHB)
Market Price (5/30/2026): $34.91 | Market Cap: $584.0 MilSector: Financials | Industry: Regional Banks
Bar Harbor Bankshares (BHB)
Market Price (5/30/2026): $34.91Market Cap: $584.0 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 6.6% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is -2.2% Weak multi-year price returns3Y Excs Rtn is -23% | Key risksBHB key risks include [1] narrowing profit margins and slower revenue growth, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 6.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is -2.2% |
| Weak multi-year price returns3Y Excs Rtn is -23% |
| Key risksBHB key risks include [1] narrowing profit margins and slower revenue growth, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 5/1/2026
Bar Harbor Bankshares (BHB) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Bar Harbor Bankshares reported strong first-quarter 2026 earnings, exceeding analyst expectations and demonstrating improved profitability.
The company announced Q1 2026 core earnings of $0.88 per diluted share, surpassing the consensus estimate of $0.86 per diluted share by $0.02. Net interest income for the quarter rose to $36.87 million from $29.01 million a year ago, and net income increased to $13.54 million compared to $10.21 million in the prior year. This performance was supported by a 3.54% net interest margin and enhanced cost efficiency.
2. The company increased its quarterly cash dividend and authorized a new share repurchase program.
The Board of Directors declared an increased quarterly cash dividend of $0.34 per share, a $0.02 per share increase from the previous quarter and a 6% rise from the prior year's dividend amount. This translates to a 4.19% annualized yield based on the March 31, 2026, closing share price. Additionally, the board approved a share repurchase plan for up to 5% of outstanding common stock, approximately 837,000 shares, signaling confidence in the company's financial health and commitment to shareholder returns.
Show more
Bar Harbor Bankshares (BHB) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Bar Harbor Bankshares reported strong first-quarter 2026 earnings, exceeding analyst expectations and demonstrating improved profitability.
The company announced Q1 2026 core earnings of $0.88 per diluted share, surpassing the consensus estimate of $0.86 per diluted share by $0.02. Net interest income for the quarter rose to $36.87 million from $29.01 million a year ago, and net income increased to $13.54 million compared to $10.21 million in the prior year. This performance was supported by a 3.54% net interest margin and enhanced cost efficiency.
2. The company increased its quarterly cash dividend and authorized a new share repurchase program.
The Board of Directors declared an increased quarterly cash dividend of $0.34 per share, a $0.02 per share increase from the previous quarter and a 6% rise from the prior year's dividend amount. This translates to a 4.19% annualized yield based on the March 31, 2026, closing share price. Additionally, the board approved a share repurchase plan for up to 5% of outstanding common stock, approximately 837,000 shares, signaling confidence in the company's financial health and commitment to shareholder returns.
Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 5.0% change in BHB stock from 1/31/2026 to 5/29/2026 was primarily driven by a 13.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.27 | 34.94 | 5.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 157 | 178 | 13.8% |
| Net Income Margin (%) | 23.1% | 22.6% | -2.2% |
| P/E Multiple | 14.9 | 14.5 | -2.7% |
| Shares Outstanding (Mil) | 16 | 17 | -3.0% |
| Cumulative Contribution | 5.0% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| BHB | 5.0% | |
| Market (SPY) | 9.6% | 40.2% |
| Sector (XLF) | -3.0% | 58.9% |
Fundamental Drivers
The 22.8% change in BHB stock from 10/31/2025 to 5/29/2026 was primarily driven by a 31.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.46 | 34.94 | 22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148 | 178 | 20.7% |
| Net Income Margin (%) | 26.7% | 22.6% | -15.6% |
| P/E Multiple | 11.0 | 14.5 | 31.6% |
| Shares Outstanding (Mil) | 15 | 17 | -8.4% |
| Cumulative Contribution | 22.8% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| BHB | 22.8% | |
| Market (SPY) | 11.5% | 36.0% |
| Sector (XLF) | -0.7% | 51.4% |
Fundamental Drivers
The 24.0% change in BHB stock from 4/30/2025 to 5/29/2026 was primarily driven by a 46.9% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.18 | 34.94 | 24.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 150 | 178 | 19.2% |
| Net Income Margin (%) | 29.1% | 22.6% | -22.5% |
| P/E Multiple | 9.9 | 14.5 | 46.9% |
| Shares Outstanding (Mil) | 15 | 17 | -8.7% |
| Cumulative Contribution | 24.0% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| BHB | 24.0% | |
| Market (SPY) | 38.0% | 38.7% |
| Sector (XLF) | 7.4% | 54.4% |
Fundamental Drivers
The 61.2% change in BHB stock from 4/30/2023 to 5/29/2026 was primarily driven by a 93.6% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.67 | 34.94 | 61.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148 | 178 | 20.2% |
| Net Income Margin (%) | 29.4% | 22.6% | -23.1% |
| P/E Multiple | 7.5 | 14.5 | 93.6% |
| Shares Outstanding (Mil) | 15 | 17 | -9.9% |
| Cumulative Contribution | 61.2% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| BHB | 61.2% | |
| Market (SPY) | 89.0% | 39.4% |
| Sector (XLF) | 63.2% | 57.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BHB Return | 32% | 15% | -4% | 9% | 6% | 14% | 90% |
| Peers Return | 25% | -3% | -11% | 17% | 4% | 12% | 48% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| BHB Win Rate | 58% | 50% | 42% | 58% | 58% | 80% | |
| Peers Win Rate | 63% | 43% | 40% | 52% | 53% | 68% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| BHB Max Drawdown | -19% | -22% | -32% | -20% | -17% | -12% | |
| Peers Max Drawdown | -21% | -19% | -39% | -22% | -23% | -14% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAC, EBC, INDB, NBTB, CBU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | BHB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.4% | -18.8% |
| % Gain to Breakeven | 21.1% | 23.1% |
| Time to Breakeven | 154 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.2% | -6.7% |
| % Gain to Breakeven | 43.3% | 7.1% |
| Time to Breakeven | 439 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.1% | -24.5% |
| % Gain to Breakeven | 17.8% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.2% | 50.9% |
| Time to Breakeven | 69 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.6% | -19.2% |
| % Gain to Breakeven | 27.6% | 23.8% |
| Time to Breakeven | 788 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.6% | -12.2% |
| % Gain to Breakeven | 11.8% | 13.9% |
| Time to Breakeven | 21 days | 62 days |
In The Past
Bar Harbor Bankshares's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | BHB | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.2% | -6.7% |
| % Gain to Breakeven | 43.3% | 7.1% |
| Time to Breakeven | 439 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.2% | 50.9% |
| Time to Breakeven | 69 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.6% | -19.2% |
| % Gain to Breakeven | 27.6% | 23.8% |
| Time to Breakeven | 788 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -39.8% | -53.4% |
| % Gain to Breakeven | 66.1% | 114.4% |
| Time to Breakeven | 109 days | 1085 days |
In The Past
Bar Harbor Bankshares's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bar Harbor Bankshares (BHB)
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.
AI Analysis | Feedback
It's like a regional version of Bank of America for customers in Maine, New Hampshire, and Vermont.
AI Analysis | Feedback
- Deposit Accounts: Provides a range of deposit products including checking, savings, money market accounts, and certificates of deposit for individuals and businesses.
- Lending Services: Offers various loan types such as commercial real estate, commercial and industrial, residential mortgages, and consumer loans (e.g., home equity, auto).
- Wealth Management & Advisory Services: Delivers financial planning, investment management, trust and estate administration, and insurance products to diverse clients.
AI Analysis | Feedback
Major Customers of Bar Harbor Bankshares (BHB)
Bar Harbor Bankshares (BHB), as a diversified financial institution, serves a broad base of customers rather than relying on a few major corporate clients. Its customer base can be categorized as follows:
- Individual Customers: This category includes individuals utilizing retail banking services such as checking and savings accounts, residential real estate loans (mortgages for 1-4 family housing), consumer loans (home equity, lines of credit, auto, and other installment lending), life insurance, annuity, and retirement products, as well as financial planning, trust and estate administration, and wealth management services.
- Commercial and Agricultural Business Customers: This comprises commercial and agricultural businesses that utilize commercial real estate loans (including multi-family, commercial construction and land development), commercial and industrial loans, deposit accounts, and business-focused wealth management and retirement planning services (e.g., 401K plans).
- Not-for-profit Organizations and Municipalities: These entities are customers for services such as commercial and industrial loans, deposit accounts, trust and estate administration, wealth advisory, investment management, and specialized municipal services.
AI Analysis | Feedback
Fiserv, Inc. (FI)
AI Analysis | Feedback
```htmlCurtis C. Simard President and Chief Executive Officer
Curtis C. Simard has served as President and Chief Executive Officer of Bar Harbor Bankshares and its subsidiary Bar Harbor Bank & Trust since August 2013. Prior to joining Bar Harbor Bankshares, he was Senior Vice President and Managing Director of Corporate Banking for TD Bank from 2002 to 2013. He also held various roles at First New Hampshire Bank/Citizens Bank from 1992 to 2002. Mr. Simard is also a director of the company since 2013 and has served as Chairman of the Maine Bankers Association.
Josephine Iannelli Executive Vice President, Chief Financial Officer and Treasurer
Josephine Iannelli joined Bar Harbor Bankshares in December 2016 as Executive Vice President, Chief Financial Officer, and Treasurer. Before this role, she served as Senior Executive Vice President, CFO, and Treasurer of Berkshire Hills Bancorp. Her career includes experience at KPMG, various regional financial institutions, and owning her own consulting company, providing expertise in areas such as financial planning & analytics, treasury, investor relations, and M&A.
Jason P. Edgar President, Bar Harbor Wealth Management
Jason P. Edgar became President of Bar Harbor Wealth Management in May 2022, following the merger of Bar Harbor Trust Services and Charter Trust Company, where he had served as President since joining Bar Harbor Bankshares in 2019. He brings over 20 years of experience in wealth management, including senior leadership positions at Berkshire Hills Bancorp and Enterprise Bank.
John M. Mercier Executive Vice President and Chief Lending Officer
John M. Mercier serves as the Executive Vice President and Chief Lending Officer for Bar Harbor Bank & Trust.
Joseph Schmitt Senior Vice President, Chief Marketing Officer
Joseph Schmitt joined Bar Harbor Bankshares in September 2017 as Senior Vice President, Chief Marketing Officer. He has over 25 years of experience in marketing and product management, with previous roles including Head of Product Marketing at Santander and Chief Marketing Officer at Brookline Bank. He also worked at BankBoston.
AI Analysis | Feedback
The key risks to Bar Harbor Bankshares (BHB) include:- Credit Risk and Regional Economic Downturns: As a commercial, lending, retail, and wealth management bank with a significant portfolio of commercial real estate, commercial and industrial, residential real estate, and consumer loans, Bar Harbor Bankshares is highly susceptible to credit risk. A severe economic downturn or adverse business conditions in its primary operating regions of Maine, New Hampshire, and Vermont could lead to increased loan defaults, higher loan loss provisions, and a deterioration in asset quality, significantly impacting the bank's profitability and financial health.
- Interest Rate Risk: Bar Harbor Bankshares' profitability is heavily dependent on its net interest margin, which is the difference between the interest earned on its assets (like loans) and the interest paid on its liabilities (like deposits). Significant or rapid fluctuations in market interest rates could adversely affect this margin. For instance, a sudden increase in interest rates could raise the cost of its deposits and other funding sources more quickly than the yields on its loan portfolio, thereby compressing profitability.
- Competition and Market Saturation: Operating in specific regional markets (Maine, New Hampshire, and Vermont), Bar Harbor Bankshares faces intense competition for deposits, loans, and wealth management clients from a variety of financial institutions, including larger national banks, other regional and community banks, credit unions, and emerging financial technology companies. This competitive landscape can limit growth opportunities, constrain pricing power, and increase the costs associated with attracting and retaining customers, potentially impacting market share and profitability.
AI Analysis | Feedback
The rise of fintech companies and digital-only banks represents an emerging threat. These entities operate with significantly lower overhead due to minimal or no physical branch networks, allowing them to offer more competitive interest rates on deposits and loans, and a superior digital customer experience. This poses a direct threat to Bar Harbor Bankshares' ability to attract and retain customers for its deposit products and various lending services (commercial, residential, consumer), particularly as customer preferences shift towards digital-first solutions over traditional brick-and-mortar banking. Furthermore, the proliferation of robo-advisors and automated investment platforms poses a threat to Bar Harbor Bankshares' wealth management, financial planning, and investment management services. These platforms offer algorithm-driven investment solutions at significantly lower costs, potentially attracting clients who seek efficient, accessible, and cost-effective alternatives to traditional human advisory services.AI Analysis | Feedback
The addressable markets for Bar Harbor Bankshares' main products and services in Maine, New Hampshire, and Vermont are sized as follows:Deposits
- Maine: The total deposits for all 29 retail banks in Maine were $41.9 billion as of June 30, 2021.
- New Hampshire: Total deposits across all banks in New Hampshire were $47.7 billion as of the second quarter of 2024.
- Vermont: Total deposits held at community bank branches in Vermont amounted to $8.74 billion as of December 13, 2024.
Lending Services
Commercial Real Estate Loans
- Maine: Commercial real estate loans for banks headquartered in Maine were $9.08 billion during the first six months of 2021. The Real Estate Loans & Collateralized Debt industry in Maine experienced an average annual growth rate of 10.1% from 2020 to 2025.
- New Hampshire: Banks in New Hampshire lent $2.15 billion in mortgages in 2024, which can include commercial real estate. The Real Estate Loans & Collateralized Debt industry in New Hampshire grew at an average annual rate of 12.1% from 2020 to 2025.
- Vermont: Nonresidential real estate loans in Vermont were $161 million in the second quarter of 2025. Vermont Federal Credit Union granted $103 million in real estate loans in 2024, which may include commercial real estate.
Commercial and Industrial (C&I) Loans
- Maine: Commercial and industrial (C&I) loans for banks headquartered in Maine were $3.64 billion during the first six months of 2021.
- New Hampshire: Banks in New Hampshire provided $619 million in small business lending in 2024. In 2024, small business loans totaled $2.4 billion.
- Vermont: Total new lending to businesses with revenues of $1 million or less was $376.5 million in 2023. Vermont Federal Credit Union funded $23 million in business loans in 2024.
Residential Real Estate Loans
- Maine: Residential 1-4 family loans for banks headquartered in Maine amounted to $10.38 billion during the first six months of 2021.
- New Hampshire: New home loans booked in New Hampshire totaled $4.3 billion in 2024.
- Vermont: Residential real estate loans in Vermont were $379 million in the second quarter of 2025. Vermont Federal Credit Union granted $103 million in real estate loans in 2024.
Consumer Loans
- Maine: Consumer loans for banks headquartered in Maine were $276 million during the first six months of 2021.
- Vermont: Consumer loans in Vermont were $10 million in the second quarter of 2025. Vermont Federal Credit Union provided $105 million in consumer loans in 2024.
Wealth Management Banking Services
- No specific addressable market size (e.g., total assets under management or total revenue) for wealth management services in Maine, New Hampshire, or Vermont was explicitly identified in the provided information.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Bar Harbor Bankshares (BHB)
- Loan Growth, particularly in Commercial and Specialized Lending: Bar Harbor Bankshares anticipates revenue growth through expanding its lending portfolio, with a specific focus on commercial and consumer loans. The company has established new teams dedicated to renewable energy and healthcare infrastructure lending, aiming to capitalize on significant regional investment flows and diversify its loan mix. This is expected to drive loan growth, as evidenced by total loans reaching $3.61 billion at year-end 2025, up from $3.15 billion in 2024.
- Expansion of Wealth Management Services: The growth of Bar Harbor Wealth Management is a key driver for increasing non-interest income. The company has actively embedded advisors within its branches to enhance fee income. Initiatives such as the "Wealth Management Reimagined" launch in 2024–2025 specifically targeted intergenerational wealth transfer in Northern New England, contributing to a 12 percent rise in assets under management within the wealth division. Assets under management were approximately $3.0 billion as of December 31, 2025, up from $2.8 billion a year earlier.
- Strategic Mergers & Acquisitions and Geographic Expansion: Bar Harbor Bankshares strategically targets community banks with assets between $200 million and $500 million for bolt-on acquisitions, seeking geographic synergy, low-cost deposits, and rapid earnings accretion. The acquisition of Guaranty Bancorp, Inc., parent company of Woodsville Guaranty Savings Bank, in Q2 2025, exemplifies this strategy, strengthening Bar Harbor Bankshares' presence in key markets and expanding its operational scale and service offerings. The bank concentrates its organic expansion efforts on higher-growth areas like Southern New Hampshire and the Burlington, Vermont metro area.
- Organic Deposit Growth and Digital Channel Enhancement: The company is focused on attracting organic deposit growth, particularly in targeted high-growth metropolitan areas. Furthermore, investments in digital channels are a significant factor, with Bar Harbor Online and Mobile platforms handling over 70% of routine transaction volume. The bank's omnichannel sales strategy, which blends its physical branch network with a rapidly expanding digital ecosystem, coupled with data-driven marketing, is crucial for customer acquisition and commercial growth.
AI Analysis | Feedback
Share Repurchases
- Bar Harbor Bankshares announced a share repurchase plan in the first quarter of 2024.
Share Issuance
- The company completed the acquisition of Guaranty Bancorp, Inc. in June 2025, involving stock consideration as part of the merger structure. This acquisition added $658.1 million of total assets.
- In February 2026, restricted stock shares were granted to several executives as equity-based compensation, including 3,174 shares to an Executive Vice President, 2,150 shares to an officer, 2,598 shares to another Executive Vice President, 4,697 shares to the EVP, CFO & Treasurer, and 2,962 shares to a Senior Vice President.
Outbound Investments
- Bar Harbor Bankshares acquired Guaranty Bancorp, Inc., with the merger completing in June 2025. The consideration paid for the acquisition was $39.2 million.
- The acquisition resulted in the addition of $658.1 million in total assets, which included $413.4 million in loans, and $641.2 million in total liabilities, primarily comprising $531.3 million in deposits and $109.2 million in borrowings and subordinated debt.
Capital Expenditures
- Bar Harbor Bankshares invested $1.1 million in capital expenditures during Q3 2025, primarily for funding long-term assets and infrastructure.
- Capital expenditures were approximately $1.10 million in a recent period, $1.99 million in a preceding period, and $1.54 million before that.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Bar Harbor Bankshares Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to BHB.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.14 |
| Mkt Cap | 2.9 |
| Rev LTM | 780 |
| Op Inc LTM | - |
| FCF LTM | 235 |
| FCF 3Y Avg | 204 |
| CFO LTM | 279 |
| CFO 3Y Avg | 230 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 28.1% |
| Rev Chg 3Y Avg | 10.6% |
| Rev Chg Q | 23.1% |
| QoQ Delta Rev Chg LTM | 5.1% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 34.9% |
| CFO/Rev 3Y Avg | 33.4% |
| FCF/Rev LTM | 31.1% |
| FCF/Rev 3Y Avg | 31.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.9 |
| P/S | 3.7 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 13.8 |
| P/CFO | 10.8 |
| Total Yield | 10.6% |
| Dividend Yield | 3.0% |
| FCF Yield 3Y Avg | 8.8% |
| D/E | 0.2 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 7.6% |
| 6M Rtn | 13.7% |
| 12M Rtn | 26.8% |
| 3Y Rtn | 75.2% |
| 1M Excs Rtn | -3.7% |
| 3M Excs Rtn | -2.6% |
| 6M Excs Rtn | -0.7% |
| 12M Excs Rtn | -1.0% |
| 3Y Excs Rtn | -12.8% |
Price Behavior
Price Behavior
| Market Price | $34.94 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 09/23/1997 | |
| Distance from 52W High | -0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $33.70 | $31.61 |
| DMA Trend | up | up |
| Distance from DMA | 3.7% | 10.5% |
| 3M | 1YR | |
| Volatility | 20.5% | 27.2% |
| Downside Capture | 63.91 | 76.01 |
| Upside Capture | 73.18 | 77.41 |
| Correlation (SPY) | 42.6% | 34.6% |
BHB Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.67 | 0.64 | 0.67 | 0.68 | 0.87 | 0.89 |
| Up Beta | 0.48 | 0.31 | 0.36 | 0.48 | 1.01 | 0.93 |
| Down Beta | 1.57 | 0.72 | 0.70 | 0.61 | 0.78 | 0.80 |
| Up Capture | 64% | 83% | 84% | 96% | 75% | 75% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 23 | 35 | 66 | 126 | 379 |
| Down Capture | 195% | 67% | 75% | 64% | 90% | 98% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 20 | 29 | 59 | 126 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHB | |
|---|---|---|---|---|
| BHB | 24.8% | 27.1% | 0.79 | - |
| Sector ETF (XLF) | 3.5% | 14.4% | 0.02 | 52.0% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | 34.4% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | 1.8% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | -18.2% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 39.7% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHB | |
|---|---|---|---|---|
| BHB | 6.5% | 33.3% | 0.25 | - |
| Sector ETF (XLF) | 8.4% | 18.6% | 0.34 | 56.8% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 42.4% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 1.9% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 10.4% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 42.5% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 18.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHB | |
|---|---|---|---|---|
| BHB | 9.0% | 38.0% | 0.34 | - |
| Sector ETF (XLF) | 12.8% | 22.1% | 0.53 | 62.6% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 49.4% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | -2.5% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 14.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 47.0% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 15.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated N/A/N/A/N/A| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/21/2026 | 0.9% | 3.7% | 1.6% |
| 1/22/2026 | -2.5% | -2.3% | -3.1% |
| 10/21/2025 | 2.6% | 0.7% | -1.5% |
| 7/22/2025 | -2.3% | -5.2% | -1.7% |
| 5/14/2025 | 0.7% | -4.6% | -6.8% |
| 1/23/2025 | 0.0% | 3.4% | 3.2% |
| 10/22/2024 | 8.3% | 8.0% | 15.4% |
| 7/18/2024 | -0.8% | 7.2% | -3.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 13 |
| # Negative | 11 | 9 | 12 |
| Median Positive | 1.5% | 3.0% | 6.7% |
| Median Negative | -2.4% | -3.6% | -3.1% |
| Max Positive | 8.3% | 8.7% | 32.3% |
| Max Negative | -5.3% | -6.2% | -9.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
Insider Activity
Updated 4/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Caras, Matthew L | Direct | Buy | 4282026 | 34.68 | 760 | 26,357 | 793,962 | Form | |
| 2 | Colter, David M | Direct | Buy | 3032026 | 32.54 | 500 | 16,270 | 412,843 | Form | |
| 3 | Caras, Matthew L | Direct | Buy | 11032025 | 29.12 | 580 | 16,890 | 597,644 | Form | |
| 4 | Shaw, Brian D | Direct | Buy | 9112025 | 32.09 | 10,000 | 320,850 | 560,318 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 5/29/2026