BHB - Bar Harbor Bankshares: On Watch For A Downgrade
2024-05-27 05:44:43 ET
Summary
- Bar Harbor Bankshares' stock has seen a decline of 14.8% while the S&P 500 has risen 7.2%.
- The bank's net interest income and non-interest income have both decreased, leading to a drop in net profits.
- Despite some weak spots, the bank has positive attributes such as growing loan values and high asset quality, making it a potential buy.
- But given some weaknesses, it wouldn't take much to justify a downgrade from here.
When it comes to investing, it's important to be aware of your weak spots. One of my greatest weaknesses is timing. I can call good investments and I can call bad ones. But sometimes, the timing results in missed upside or unnecessary downside. One example of this can be seen by looking at Bar Harbor Bankshares ( BHB ), a relatively small financial institution with a market capitalization, as of this writing, of $388.1 million....
Bar Harbor Bankshares: On Watch For A Downgrade