Stock fact sheet · data as of
Bar Harbor Bankshares (BHB): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is BHB undervalued?
At 38.09 (close of 16 Oct 2026), BHB trades within a few percent of the GLS average fair value of 38.74 (1.7% below fair value). 9 models produced a value and they split 4 above the price to 5 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The 9 models disagree widely: GLS Growth gives 3.40 while 10 Cap gives 86.60. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files BHB under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for BHB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 29.79 | -22% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 46.64 | +22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 54.39 | +43% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.29 | -60% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.40 | -91% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 86.60 | +127% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 60.34 | +58% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.42 | -49% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 32.75 | -14% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -207.15 | -644% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 46.00 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - BHB passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.5 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 4.6%, ROE 6.9%, ROA 0.8% - with debt at 0.51 times equity and a free-cash-flow yield of 9.1%.
The dividend yield is 3.47% at a payout ratio of 44%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Trust management fees 43%, Interchange fees 27%, Customer deposit fees 21% (quarter Q4 FY2022).
Institutional ownership scores 8/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 4.6% |
|---|---|---|---|
| GLS Moat | 4.5 / 10 | ROE | 6.9% |
| Debt / equity | 0.51 | ROA | 0.8% |
| Free-cash-flow yield | 9.1% | Payout ratio | 44% |
| Institutions | 8 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 56: Fair
BHB scores 56 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 13/25, Health 11/20, Moat 7/15, Premium 18/20, Stability 7/20. Stability (7/20) is where the points are missing.
Implied volatility is 33% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (18 of 20 points). Chain open interest is thin - 262 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 56k shares a day on a market cap of $639M, with a beta of 0.62 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 2% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 7 / 15 | moat 4.5/10 | |
| Premium | 18 / 20 | implied volatility 33% | |
| Stability | 7 / 20 | 56k shares/day, $639M cap, beta 0.62 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Bar Harbor Bankshares reports earnings on 20 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Bar Harbor Bankshares by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HIFS Hingham Institution for Savings | 293.95 | 421.68 | +30% | 39No options | $641M |
| WCCB West Coast Community Bancorp | 60.43 | 114.69 | +47% | 39No options | $635M |
| CBNK Capital Bancorp, Inc. | 39.43 | 54.92 | +28% | 76Good | $642M |
| ACNB ACNB Corporation | 63.18 | 62.20 | -2% | 67Good | $643M |
| AMBZ American Business Bank | 70.96 | 112.73 | +37% | 39No options | $630M |
| CCB Coastal Financial Corporation | 42.97 | 297.73 | +86% | 45Weak | $657M |
| RRBI Red River Bancshares, Inc. | 100.15 | 103.80 | +4% | 39No options | $659M |
| SUPV Grupo Supervielle S.A. | 7.01 | 3.42 | -105% | 40Weak | $661M |
| THVB Thomasville Bancshares, Inc. | 104.48 | 189.45 | +45% | 39No options | $662M |
| MSBIP Midland States Bancorp, Inc. | 25.19 | 37.86 | +33% | 39No options | $669M |
| MSBI Midland States Bancorp, Inc. | 32.30 | 42.70 | +24% | 73Good | $670M |
| CARE Carter Bankshares, Inc. | 30.31 | 45.65 | +34% | 74Good | $672M |
⚖ Compare BHB with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BHB
Is BHB undervalued right now?
Not meaningfully: at 38.09 the stock trades within a few percent of the GLS average fair value of 38.74 (1.7% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of BHB and what does it mean?
BHB scores 56 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BHB?
38.74 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bar Harbor Bankshares report earnings next?
The next earnings report is due on 20 Oct 2026 (before the open), 4 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BHB have listed options, and how liquid are they?
Yes. The nightly snapshot found 90 listed contracts with 262 open interest across all expiries and implied volatility of 33% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.