Bar Harbor Bankshares (BHB) has struggled to trade for much more than $30 despite a transformative acquisition that closed at the beginning of 2017.
I was a holder from early 2014 to around April of 2016, when I sold to help finance a rental property, so I approached this update hoping to find shares ready for re-entry after pulling back from their 52-week high. And, this is exactly what I got.
The New Bar Harbor
The transformative purchase of Lake Sunapee Bank Group catapulted the balance sheet up to $3.56 billion from $1.75 billion at the end of 2016.
