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BAR HARBOR BANKSHARES (BHB) Stock Fundamental Analysis

NYSEARCA:BHB - NYSE Arca - US0668491006 - Common Stock - Currency: USD

30.78  0 (0%)

After market: 30.78 0 (0%)

Fundamental Rating

3

Taking everything into account, BHB scores 3 out of 10 in our fundamental rating. BHB was compared to 402 industry peers in the Banks industry. Both the profitability and financial health of BHB have multiple concerns. BHB has a valuation in line with the averages, but on the other hand it scores bad on growth. BHB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year BHB was profitable.
BHB had a positive operating cash flow in the past year.
Of the past 5 years BHB 4 years were profitable.
Of the past 5 years BHB 4 years had a positive operating cash flow.
BHB Yearly Net Income VS EBIT VS OCF VS FCFBHB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

1.2 Ratios

With a decent Return On Assets value of 1.05%, BHB is doing good in the industry, outperforming 72.77% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.24%, BHB is in the better half of the industry, outperforming 61.14% of the companies in the same industry.
Industry RankSector Rank
ROA 1.05%
ROE 9.24%
ROIC N/A
ROA(3y)1.1%
ROA(5y)0.96%
ROE(3y)10.24%
ROE(5y)8.91%
ROIC(3y)N/A
ROIC(5y)N/A
BHB Yearly ROA, ROE, ROICBHB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

BHB has a Profit Margin of 28.27%. This is in the better half of the industry: BHB outperforms 78.96% of its industry peers.
BHB's Profit Margin has been stable in the last couple of years.
BHB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28.27%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.76%
PM growth 5Y1.08%
GM growth 3YN/A
GM growth 5YN/A
BHB Yearly Profit, Operating, Gross MarginsBHB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

BHB does not have a ROIC to compare to the WACC, probably because it is not profitable.
BHB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BHB Yearly Shares OutstandingBHB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
BHB Yearly Total Debt VS Total AssetsBHB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of BHB is 2.46, which is a good value as it means it would take BHB, 2.46 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.46, BHB is in line with its industry, outperforming 50.74% of the companies in the same industry.
A Debt/Equity ratio of 0.25 indicates that BHB is not too dependend on debt financing.
BHB has a Debt to Equity ratio (0.25) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.46
Altman-Z N/A
ROIC/WACCN/A
WACC10.17%
BHB Yearly LT Debt VS Equity VS FCFBHB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BHB Yearly Current Assets VS Current LiabilitesBHB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

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1

3. Growth

3.1 Past

BHB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.73%.
EPS 1Y (TTM)-2.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.88%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.17%

3.2 Future

The Earnings Per Share is expected to grow by 1.64% on average over the next years.
Based on estimates for the next years, BHB will show a small growth in Revenue. The Revenue will grow by 5.20% on average per year.
EPS Next Y0.29%
EPS Next 2Y1.64%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.8%
Revenue Next 2Y5.2%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

BHB Yearly Revenue VS EstimatesBHB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
BHB Yearly EPS VS EstimatesBHB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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5

4. Valuation

4.1 Price/Earnings Ratio

BHB is valuated reasonably with a Price/Earnings ratio of 10.80.
Based on the Price/Earnings ratio, BHB is valued a bit cheaper than the industry average as 69.06% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.35. BHB is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.77 indicates a reasonable valuation of BHB.
BHB's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.10. BHB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.8
Fwd PE 10.77
BHB Price Earnings VS Forward Price EarningsBHB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

BHB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BHB is cheaper than 62.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.26
EV/EBITDA N/A
BHB Per share dataBHB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BHB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)37.08
PEG (5Y)N/A
EPS Next 2Y1.64%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

BHB has a Yearly Dividend Yield of 3.90%. Purely for dividend investing, there may be better candidates out there.
BHB's Dividend Yield is a higher than the industry average which is at 3.37.
Compared to an average S&P500 Dividend Yield of 2.33, BHB pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.9%

5.2 History

The dividend of BHB is nicely growing with an annual growth rate of 6.80%!
BHB has paid a dividend for at least 10 years, which is a reliable track record.
BHB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.8%
Div Incr Years21
Div Non Decr Years29
BHB Yearly Dividends per shareBHB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

41.10% of the earnings are spent on dividend by BHB. This is a bit on the high side, but may be sustainable.
The dividend of BHB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP41.1%
EPS Next 2Y1.64%
EPS Next 3YN/A
BHB Yearly Income VS Free CF VS DividendBHB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
BHB Dividend Payout.BHB Dividend Payout, showing the Payout Ratio.BHB Dividend Payout.PayoutRetained Earnings

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BAR HARBOR BANKSHARES

NYSEARCA:BHB (3/7/2025, 8:07:27 PM)

After market: 30.78 0 (0%)

30.78

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23 2025-01-23/amc
Earnings (Next)04-16 2025-04-16/amc
Inst Owners58.37%
Inst Owner Change1.75%
Ins Owners2.4%
Ins Owner Change3.54%
Market Cap470.32M
Analysts46.67
Price Target36.21 (17.64%)
Short Float %0.29%
Short Ratio0.92
Dividend
Industry RankSector Rank
Dividend Yield 3.9%
Yearly Dividend1.1
Dividend Growth(5Y)6.8%
DP41.1%
Div Incr Years21
Div Non Decr Years29
Ex-Date02-20 2025-02-20 (0.3)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.43%
Min EPS beat(2)1.51%
Max EPS beat(2)17.35%
EPS beat(4)4
Avg EPS beat(4)5.34%
Min EPS beat(4)0.86%
Max EPS beat(4)17.35%
EPS beat(8)8
Avg EPS beat(8)4.16%
EPS beat(12)10
Avg EPS beat(12)2.3%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.58%
Min Revenue beat(2)-5.45%
Max Revenue beat(2)0.3%
Revenue beat(4)1
Avg Revenue beat(4)-2.15%
Min Revenue beat(4)-5.45%
Max Revenue beat(4)0.3%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.86%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)10.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.8
Fwd PE 10.77
P/S 3.13
P/FCF 10.26
P/OCF 8.51
P/B 1.02
P/tB 1.4
EV/EBITDA N/A
EPS(TTM)2.85
EY9.26%
EPS(NY)2.86
Fwd EY9.29%
FCF(TTM)3
FCFY9.75%
OCF(TTM)3.62
OCFY11.76%
SpS9.84
BVpS30.1
TBVpS22.01
PEG (NY)37.08
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 9.24%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.27%
GM N/A
FCFM 30.51%
ROA(3y)1.1%
ROA(5y)0.96%
ROE(3y)10.24%
ROE(5y)8.91%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.76%
PM growth 5Y1.08%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.46
Debt/EBITDA N/A
Cap/Depr 184.52%
Cap/Sales 6.28%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 107.93%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC10.17%
ROIC/WACCN/A
Cap/Depr(3y)69.19%
Cap/Depr(5y)101.66%
Cap/Sales(3y)2.4%
Cap/Sales(5y)3.94%
Profit Quality(3y)121.07%
Profit Quality(5y)99.49%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.88%
EPS Next Y0.29%
EPS Next 2Y1.64%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.17%
Revenue Next Year5.8%
Revenue Next 2Y5.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-32.46%
FCF growth 3Y43.26%
FCF growth 5Y4.41%
OCF growth 1Y-21.28%
OCF growth 3Y31.85%
OCF growth 5Y4.68%