Kenneth Smith - Bar Harbor Independent Director

BHB Stock  USD 35.93  0.11  0.31%   

Director

Mr. Kenneth E. Smith is an Independent Director of Bar Harbor Bankshares. Mr. Smith resides in Bar Harbor, Maine. He was owner and innkeeper of Manor House Inn since 2003 and was the former owner of Wonder View Inn, both of which are lodging facilities located in Bar Harbor, Maine. His experience and expertise of over 40 years in the field are highly valued by the Board. He is a former Chairman and longtime member of the Bar Harbor Town Council. He currently serves as a Commissioner of the Bar Harbor Housing Authority, a member of the Towns Cruise Ship Committee, a member of Anah Shrine, and a long time member and past President of the Bar Harbor Rotary Club. Mr. Smiths expertise in the hospitality industry is valuable to the Board as it represents a critical segment of the local economy and BHBTs commercial loan portfolio. since 2004.
Age 66
Tenure 20 years
Address 82 Main Street, Bar Harbor, ME, United States, 04609-0400
Phone207 669 6784
Webhttps://www.barharbor.bank
Smith was owner and Innkeeper of Manor House Inn since 2003 and former owner of Wonder View Inn, both lodging facilities located in Bar Harbor, Maine. The hospitality industry is a critical segment of the local economy and the Bank’s commercial loan portfolio.

Kenneth Smith Latest Insider Activity

Tracking and analyzing the buying and selling activities of Kenneth Smith against Bar Harbor stock is an integral part of due diligence when investing in Bar Harbor. Kenneth Smith insider activity provides valuable insight into whether Bar Harbor is net buyers or sellers over its current business cycle. Note, Bar Harbor insiders must abide by specific rules, including filing SEC forms every time they buy or sell Bar Harbor'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Bar Harbor Management Efficiency

The company has Return on Asset of 0.0106 % which means that on every $100 spent on assets, it made $0.0106 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0983 %, implying that it generated $0.0983 on every 100 dollars invested. Bar Harbor's management efficiency ratios could be used to measure how well Bar Harbor manages its routine affairs as well as how well it operates its assets and liabilities. At present, Bar Harbor's Return On Assets are projected to slightly decrease based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.12, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Bar Harbor's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 4.1 B, whereas Other Assets are projected to grow to (450.9 M).
Bar Harbor Bankshares has 331.5 M in debt with debt to equity (D/E) ratio of 9.25, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Bar to invest in growth at high rates of return.

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Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank Trust that provides commercial, lending, retail, and wealth management banking services. The company was founded in 1887 and is based in Bar Harbor, Maine. Bar Harbor operates under BanksRegional classification in the United States and is traded on AMEX Exchange. It employs 489 people. Bar Harbor Bankshares (BHB) is traded on NYSE MKT Exchange in USA. It is located in 82 Main Street, Bar Harbor, ME, United States, 04609-0400 and employs 462 people. Bar Harbor is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Bar Harbor Bankshares Leadership Team

Elected by the shareholders, the Bar Harbor's board of directors comprises two types of representatives: Bar Harbor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bar. The board's role is to monitor Bar Harbor's management team and ensure that shareholders' interests are well served. Bar Harbor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bar Harbor's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jennifer Svenson, Chief Human Resource Officer, Senior Vice President
David Woodside, Independent Chairman of the Board
Jason Edgar, President - BHTS and CTC
Caitlin Dunston, Corp VP
Curtis Simard, CEO and President Director and Member of Executive Committee
David Colter, Independent Director
Matthew Caras, Independent Director
Marion Colombo, Executive Vice President - Director of Retail Delivery
Richard Maltz, Chief Risk Officer of Bar Harbor Bank and Trust and Executive VP of Bar Harbor Bank and Trust
Josephine Iannelli, Chief Financial Officer, Executive Vice President, Treasurer
Stephen Theroux, Independent Director
Scott Toothaker, Independent Director
Steven Dimick, Independent Director
JOHN Mercier, Executive Vice President and Chief Lending Officer
Lauri Fernald, Independent Director
Daina Belair, Independent Director
William Schaefer, Senior Finance
Kenneth Smith, Independent Director
Martha Dudman, Independent Director
Brendan OHalloran, Independent Director

Bar Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bar Harbor a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Bar Harbor Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bar Harbor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bar Harbor Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bar Harbor Bankshares Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bar Harbor Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bar Harbor. If investors know Bar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bar Harbor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.094
Dividend Share
1.16
Earnings Share
2.78
Revenue Per Share
9.775
Quarterly Revenue Growth
0.034
The market value of Bar Harbor Bankshares is measured differently than its book value, which is the value of Bar that is recorded on the company's balance sheet. Investors also form their own opinion of Bar Harbor's value that differs from its market value or its book value, called intrinsic value, which is Bar Harbor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bar Harbor's market value can be influenced by many factors that don't directly affect Bar Harbor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bar Harbor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bar Harbor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bar Harbor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.