Bar Harbor Bankshares (BHB)

Company Profile

Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Operating over 50 locations across Maine, New Hampshire and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine and has more than $3.6 billion in assets. As a leading Northern New England community bank, Bar Harbor Bank & Trust offers a full range of personal and business banking services, as well as wealth management services through its subsidiaries Bar Harbor Trust Services and Charter Trust Company.

Company profile

Ticker

BHB

Exchange

NYSEAMERICAN

Website

www.barharbor.bank

CEO

Curtis C. Simard

Incorporated

Maine

Location

Maine

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Ally Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • SVB Financial • Commerce Bancshares • First Citizens Bancshares, Inc ...

SEC CIK

0000743367

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Cottage Street Corp. • Charter Holding Corp. • Charter New England Agency, Inc. ...

IRS number

10393663

BHB stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

Bar Harbor Bankshares Announces Stock Repurchase Plan

22 May 23

8-K

Submission of Matters to a Vote of Security Holders

18 May 23

8-K

Regulation FD Disclosure

17 May 23

DEFA14A

Additional proxy soliciting materials

8 May 23

Bar Harbor Bankshares Reports First Quarter Results; Declares Dividend

20 Apr 23

ARS

2022 FY

Annual report to shareholders

31 Mar 23

14 Mar 23

Latest ownership filings

View all

Notice of holdings reported by another manager

Financial summary

Financial statements Chart BHB financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	82.70 mm	82.70 mm	82.70 mm	82.70 mm	82.70 mm	82.70 mm
Cash burn (monthly)	3.20 mm	2.36 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	6.58 mm	4.86 mm	n/a	n/a	n/a	n/a
Cash remaining	76.12 mm	77.84 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	23.8	33.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

BHB institutional ownership history Ownership history

53.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	108	99	+9.1%
Opened positions	18	5	+260.0%
Closed positions	9	4	+125.0%
Increased positions	33	30	+10.0%
Reduced positions	25	26	-3.8%

13F shares	Current	Prev Q	Change
Total value	198.65 bn	200.92 mm	+98772.3%
Total shares	8.14 mm	7.58 mm	+7.4%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
FMR	1.35 mm	$43.39 bn	+7.4%
BLK Blackrock	1.19 mm	$38.00 bn	+3.3%
Dimensional Fund Advisors	718.54 k	$23.02 mm	+1.5%
Vanguard	712.11 k	$22.82 bn	+0.6%
Charter Trust	467.07 k	$14.97 mm	-1.5%
Manufacturers Life Insurance Company, The	411.92 k	$13.20 bn	-3.5%
Punch & Associates Investment Management	383.37 k	$12.28 bn	+2.1%
STT State Street	306.68 k	$9.83 bn	NEW
Geode Capital Management	264.70 k	$8.48 mm	+6.4%
NTRS Northern Trust	139.74 k	$4.48 bn	+1.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	306.68 k	+306.68 k	NEW
FMR	1.35 mm	+93.21 k	+7.4%
Boston Partners	66.49 k	+66.49 k	NEW
BLK Blackrock	1.19 mm	+38.02 k	+3.3%
Monarch Partners Asset Management	32.79 k	+32.79 k	NEW
Cornercap Investment Counsel	0.00	-27.01 k	EXIT
Citadel Advisors	0.00	-19.81 k	EXIT
American Century Companies	36.11 k	+16.86 k	+87.6%
Geode Capital Management	264.70 k	+15.96 k	+6.4%
Manufacturers Life Insurance Company, The	411.92 k	-14.85 k	-3.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BHB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Apr 23	Simard Curtis C	Common Stock	Payment of exercise	Dispose F	No	No	24.72	4,122	101.90 k	85,641.9
23 Apr 23	Simard Curtis C	Common Stock	Option exercise	Acquire M	No	No	0	2,510	0.00	89,763.9
23 Apr 23	Simard Curtis C	Common Stock	Option exercise	Acquire M	No	No	0	2,189	0.00	87,253.9
23 Apr 23	Simard Curtis C	Common Stock	Grant	Acquire A	No	No	0	6,897	0.00	85,064.9
23 Apr 23	Simard Curtis C	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,510	0.00	2,510
23 Apr 23	Simard Curtis C	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,189	0.00	0
23 Apr 23	Iannelli Josephine	Common Stock	Payment of exercise	Dispose F	No	No	24.72	1,637	40.47 k	28,650
23 Apr 23	Iannelli Josephine	Common Stock	Option exercise	Acquire M	No	No	0	1,288	0.00	30,287
23 Apr 23	Iannelli Josephine	Common Stock	Option exercise	Acquire M	No	No	0	1,123	0.00	28,999
23 Apr 23	Iannelli Josephine	Common Stock	Grant	Acquire A	No	No	0	2,211	0.00	27,876