On May 30, 2024, Scott Toothaker, Director at Bar Harbor Bankshares Inc (BHB, Financial), purchased 4,476 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 45,000 shares of the company.
Bar Harbor Bankshares Inc operates as a bank holding company. The bank provides a range of financial services, including retail and commercial banking products and services, as well as wealth management and investment services.
Shares of Bar Harbor Bankshares Inc were priced at $25.82 on the day of the transaction. The company has a market cap of approximately $393.61 million. The price-earnings ratio stands at 9.40, which is below the industry median of 9.51.
According to the GF Value, the intrinsic value of the stock is estimated at $28.63, suggesting that Bar Harbor Bankshares Inc is modestly undervalued with a price-to-GF-Value ratio of 0.9.
The insider transaction history for Bar Harbor Bankshares Inc shows a trend of more insider buying than selling over the past year, with 7 insider buys and 0 insider sells.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent purchase by Director Scott Toothaker could signal a positive outlook on the bank's future performance from within the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
