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Bar Harbor Bankshares (BHB)

Bar Harbor Bankshares operates through its subsidiaries, which engages in the provision of commercial, retail, and wealth management banking services. It includes lending activities, acceptance of demand, savings and time deposits, business services, investment management, and trust and third-party brokerage services. The company was founded on January 19, 1984 and is headquartered in Bar Harbor, ME.

Company profile

Ticker
BHB
Exchange
Website
CEO
Curtis C. Simard
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Cottage Street Corp. • Charter Holding Corp. • Charter Trust Company ...
IRS number
10393663

BHB stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 111.05M 111.05M 111.05M 111.05M 111.05M 111.05M
Cash burn (monthly) 46.45M 9.37M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 133.31M 26.9M n/a n/a n/a n/a
Cash remaining -22.26M 84.15M n/a n/a n/a n/a
Runway (months of cash) -0.5 9.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 22 Brendan OHalloran Common Stock Buy Acquire P No No 25.25 300 7.58K 9,761.2
27 Apr 22 Brendan OHalloran Common Stock Buy Acquire P No No 26.5 125 3.31K 9,461.2
26 Apr 22 Brendan OHalloran Common Stock Buy Acquire P No No 26.75 500 13.38K 9,336.2
23 Apr 22 Simard Curtis C Common Stock Payment of exercise Dispose F No No 27.4 1,912 52.39K 61,464.23
23 Apr 22 Simard Curtis C Common Stock Option exercise Acquire M No No 0 2,473 0 63,376.23
23 Apr 22 Simard Curtis C Common Stock Option exercise Acquire M No No 0 2,188 0 60,903.23
23 Apr 22 Simard Curtis C Common Stock Option exercise Acquire M No No 0 1,849 0 58,715.23
23 Apr 22 Simard Curtis C RSU Common Stock Option exercise Dispose M No No 0 2,473 0 5,020
23 Apr 22 Simard Curtis C RSU Common Stock Option exercise Dispose M No No 0 2,188 0 2,189
23 Apr 22 Simard Curtis C RSU Common Stock Option exercise Dispose M No No 0 1,849 0 0
52.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 109 107 +1.9%
Opened positions 12 14 -14.3%
Closed positions 10 9 +11.1%
Increased positions 27 35 -22.9%
Reduced positions 36 22 +63.6%
13F shares Current Prev Q Change
Total value 223.78M 406.7M -45.0%
Total shares 7.82M 7.68M +1.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 1.12M $32.07M +0.3%
FMR 1.08M $30.85M +8.6%
Vanguard 712.71K $20.4M -0.2%
Dimensional Fund Advisors 671.6K $19.22M +0.3%
Manufacturers Life Insurance Company, The 452.04K $12.94M +6.8%
Bar Harbor Trust Services 391.17K $11.2M +11.5%
Punch & Associates Investment Management 368.02K $10.53M +2.6%
STT State Street 293.66K $8.41M -0.4%
Geode Capital Management 248.86K $7.12M +3.4%
NTRS Northern Trust 140.02K $4.01M -3.4%
Largest transactions Shares Bought/sold Change
FMR 1.08M +85.73K +8.6%
Bar Harbor Trust Services 391.17K +40.37K +11.5%
BMO Bank of Montreal 32.77K +32.77K NEW
Manufacturers Life Insurance Company, The 452.04K +28.85K +6.8%
Susquehanna International 24.12K -25.78K -51.7%
JPM JPMorgan Chase & Co. 71.24K -23.33K -24.7%
Wellington Shields & Co. 0 -16.88K EXIT
BCS Barclays 23.45K -15.46K -39.7%
Raffles Associates 15.1K +15.1K NEW
Renaissance Technologies 115K +14.9K +14.9%

Financial report summary

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Risks
  • Deterioration in local economies or real estate market may adversely affect the Company’s financial performance, as its borrowers’ ability to repay loans and the value of the collateral securing the loans may decline.
  • High concentrations of commercial loans may increase exposure to credit loss upon borrower default.
  • The Bank is exposed to risk of environmental liabilities with respect to properties to which it takes title.
  • Greater than anticipated credit losses in the loan portfolios may adversely affect earnings.
  • Interest rate volatility could significantly reduce the Company’s profitability.
  • Wholesale funding sources may prove insufficient to replace deposits, support operations and future growth.
  • Loss of deposits or a change in deposit mix could increase the cost of funding.
  • The Company’s access to funds from subsidiaries may be restricted.
  • Prepayments of loans may negatively impact the Company’s business. Generally, customers may prepay the principal amount of their outstanding loans at any time.
  • Secondary mortgage market conditions may adversely affect financial condition and earnings.
  • The Company is subject to a variety of operational risks, including reputational risk, and the risk of fraud or theft by employees or outsiders, which may adversely affect the Company’s business and results of operations.
  • Disruptions to the Company’s information systems and security breaches may adversely affect its business and reputation.
  • The Company’s operations are reliant on outside vendors.
  • The Company may be adversely affected by the soundness of other financial institutions.
  • Severe weather, natural disasters, acts of war or terrorism, and other external events could significantly impact the Company’s business and the business of its customers.
  • Changes in the general economy or the financial markets could adversely affect financial performance.
  • Monetary policy and economic environment could impact financial performance.
  • Strong competition within the Company’s markets may significantly impact profitability.
  • Market changes may adversely affect demand for services and impact revenue, costs, and earnings.
  • Expansion, growth, and acquisitions could negatively impact earnings if not successful.
  • The Company may be adversely affected by continuous technological change.
  • The Company is subject to extensive government regulation and supervision, which may interfere with the ability to conduct business and may negatively impact financial results.
  • The Company is subject to possible claims and litigation pertaining to fiduciary responsibilities.
  • The Company may be unable to attract and retain key personnel.

Content analysis

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Positive
Negative
Uncertain
Constraining
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