Bar Harbor Bankshares, Inc. to Issue Quarterly Dividend of $0.32 (NYSEAMERICAN:BHB)

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 20th will be given a dividend of 0.32 per share by the financial services provider on Friday, March 20th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 20th.

Bar Harbor Bankshares has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bar Harbor Bankshares to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 43.2%.

Bar Harbor Bankshares Price Performance

Shares of Bar Harbor Bankshares stock traded down $0.12 during mid-day trading on Friday, reaching $34.40. 12,090 shares of the stock traded hands, compared to its average volume of 77,395. The stock has a market capitalization of $574.12 million, a PE ratio of 14.83 and a beta of 0.66. The business has a 50-day moving average of $31.49 and a 200 day moving average of $30.99. Bar Harbor Bankshares has a fifty-two week low of $26.43 and a fifty-two week high of $35.29. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Bar Harbor Bankshares had a return on equity of 9.95% and a net margin of 15.51%.The firm had revenue of $49.37 million during the quarter, compared to analysts’ expectations of $42.80 million. On average, analysts predict that Bar Harbor Bankshares will post 2.84 EPS for the current year.

About Bar Harbor Bankshares

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.