Bar Harbor Bankshares Up 0.16% To $24.41 After Earnings Beat

Bar Harbor Bankshares (BHB) said after close Tuesday that it earned $0.73 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $38 million, beating estimates by $581 thousand.

In the same quarter a year ago, the company earned $0.76 per share on revenue of $38.7 million.

The stock is up 0.16% to $24.41 after the report.

Bar Harbor Bankshares's profit margins took a hit as earnings fell at a faster pace than revenues.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Bar Harbor Bankshares a Bullish Sentiment Rank from InvestorsObserver.

Bar Harbor Bankshares has performed a little below average during the past few months. Before the report, Bar Harbor Bankshares received a Long-Term Technical Rank by InvestorsObserver of 31, putting it in the bottom half of stocks. The firm set a 52-week low on May 4, 2023 at $19.55 and set a 52-week high on December 16, 2022 at $33.11.

Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services.