Janney Montgomery Scott LLC Invests $567000 in Bar Harbor Bankshares.
January 31, 2023
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Bar Harbor Bankshares ($NYSEAM:BHB) is a publicly held financial services company based in Maine. The company is listed on the Nasdaq Global Select Market and provides a wide range of banking and financial services to its customers. Janney Montgomery Scott LLC recently announced an investment of $567000 in Bar Harbor Bankshares. This investment marks the first venture of Janney Montgomery Scott LLC into the financial services sector. This investment is seen as a move to expand Janney Montgomery Scott’s portfolio and reach new heights in the banking and financial services industry. Bar Harbor Bankshares offers a wide range of services including retail banking, business banking, wealth management, and insurance services. The company also provides online banking and mobile banking services.
The company has also developed a community banking model which allows it to provide personalized services to its customers. Bar Harbor Bankshares has a strong commitment to its customers and communities. The company has been actively involved in local development and has supported numerous community initiatives over the years. This commitment to its customers and communities has helped the company to build a strong customer base and reputation. The investment by Janney Montgomery Scott LLC in Bar Harbor Bankshares is seen as a great opportunity for both companies to further strengthen their positions in the financial services industry. This investment will help Bar Harbor Bankshares to expand its services and offerings and reach new heights in the banking and financial services sector.
Market Price
The stock opened at $31.1 and closed at $30.9, a decrease of 0.8% from the previous closing price of $31.2. It offers a wide range of banking products and services to individuals, businesses, and organizations in Maine, New Hampshire, and Massachusetts. Its services include deposit accounts, loans, home equity lines of credit, and online banking. The company is well-positioned to benefit from the current economic conditions as it offers reliable financial solutions to its customers. Bar Harbor Bankshares has also taken steps to increase its presence in the financial services industry. It has acquired several local banks and added new branches to its existing network.
The company has also partnered with several organizations to provide its customers with more options for their banking needs. The investment by Janney Montgomery Scott LLC is a vote of confidence in Bar Harbor Bankshares and its ability to deliver quality financial products and services. The company is well-positioned to take advantage of the current economic environment and capitalize on new opportunities. This investment will help ensure that Bar Harbor Bankshares continues to be a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BHB. More…
| Total Revenues | Net Income | Net Margin |
| – | 43.56 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BHB. More…
| Operations | Investing | Financing |
| 60.48 | -6.06 | -30.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BHB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.91k | 3.52k | – |
Key Ratios Snapshot
Some of the financial key ratios for BHB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
VI app makes it easy to analyze the fundamentals of BAR HARBOR BANKSHARES, which indicate its long-term potential. According to the VI Star Chart, the company has a high health score of 8/10 when it comes to cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Moreover, BAR HARBOR BANKSHARES is strong in growth, dividend, and medium in profitability and asset. It is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for companies with potential for growth may be interested in BAR HARBOR BANKSHARES. The company’s high health score and strong growth potential make it an attractive investment. Additionally, since it is classified as a cheetah, investors can expect higher returns on their investment but also accept the risk of lower stability. Investors who are looking for higher returns with a higher risk tolerance may be interested in BAR HARBOR BANKSHARES. In addition, investors who want to diversify their portfolio with a stock that has potential for growth may also find BAR HARBOR BANKSHARES attractive. More…
VI Peers
The Bank operates approximately 60 branch locations throughout Maine, New Hampshire and Massachusetts. The Bank’s primary competitors are Peoples Bancorp Inc (Marietta OH), BankFinancial Corp, Peoples Bancorp Inc.
– Peoples Bancorp Inc (Marietta OH) ($NASDAQ:PEBO)
Peoples Bancorp Inc (Marietta OH) is a financial holding company that operates through its subsidiaries. The company’s subsidiaries include Peoples Bank, National Association and Peoples Insurance Agency, LLC. The company provides banking and insurance services to individuals and businesses in the United States. The company operates its branches in Ohio, West Virginia, and Kentucky.
– BankFinancial Corp ($NASDAQ:BFIN)
BankFinancial Corp is a bank holding company that operates through its subsidiary, BankFinancial, N.A. The Company provides a range of banking services to small and medium-sized businesses, and individuals. These services include checking and savings accounts, money market accounts, certificates of deposit, and loans. The Company operates in Illinois, Wisconsin, and Indiana.
– Peoples Bancorp Inc ($OTCPK:PEBC)
Peoples Bancorp Inc. is a bank holding company, which engages in the provision of banking and other financial services to individual and corporate customers. It operates through the following segments: Banking, Insurance, and Wealth Management. The Banking segment offers personal and business banking products and services. The Insurance segment provides property, casualty, life, and health insurance products. The Wealth Management segment offers investment advisory, fiduciary, and trust services. The company was founded in 1864 and is headquartered in Marietta, OH.
Summary
Bar Harbor Bankshares is an investment opportunity that has recently received a vote of confidence from Janney Montgomery Scott LLC, who invested $567000 in the company. The investment is seen as a sign of potential future growth, as well as a potential hedge against market volatility. This investment could be a good choice for investors looking to diversify their portfolios and benefit from potential upside.
Bar Harbor Bankshares is a financial services company with a strong history of performance, offering a variety of services to customers, including banking, investments, and wealth management. Investors should do their own research before investing in Bar Harbor Bankshares, as the company’s future performance cannot be guaranteed.
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