Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 19th will be paid a dividend of $0.34 per share by the financial services provider on Friday, December 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, November 19th.
Bar Harbor Bankshares has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 22 years. Bar Harbor Bankshares has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bar Harbor Bankshares to earn $3.77 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 34.0%.
Bar Harbor Bankshares Price Performance
BHB traded up $0.69 during midday trading on Friday, reaching $40.16. 7,506 shares of the company’s stock were exchanged, compared to its average volume of 108,061. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $673.43 million, a price-to-earnings ratio of 13.58 and a beta of 0.63. Bar Harbor Bankshares has a one year low of $28.50 and a one year high of $41.12. The business has a 50-day simple moving average of $39.43 and a two-hundred day simple moving average of $37.52.
Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Bar Harbor Bankshares had a net margin of 18.46% and a return on equity of 11.41%. The firm had revenue of $51.49 million for the quarter, compared to analysts’ expectations of $50.17 million. As a group, research analysts predict that Bar Harbor Bankshares will post 3.60 EPS for the current year.
Bar Harbor Bankshares Company Profile
Bar Harbor Bankshares (NYSE American: BHB) is a bank holding company for Bar Harbor Bank & Trust, a community banking institution headquartered in Bar Harbor, Maine. The bank traces its roots to 1887 and serves individuals, families, businesses and nonprofit organizations through a network of banking offices and digital channels.
Bar Harbor Bank & Trust provides a range of financial services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial loans, cash-management services and online and mobile banking.
Featured Articles
- Five stocks we like better than Bar Harbor Bankshares
- Capital One Earnings: After a Double Beat the Rally Is On
- Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
- WD-40 Could Reward Patient Investors—Here’s Why
- NextEra and Dominion Have a Deal—Now Comes the Hard Part
Receive News & Ratings for Bar Harbor Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bar Harbor Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
