Bar Harbor Bankshares (NYSEAMERICAN:BHB) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.38 and traded as low as $29.46. Bar Harbor Bankshares shares last traded at $29.77, with a volume of 57,235 shares traded.

Bar Harbor Bankshares Price Performance

The company’s 50-day moving average is $30.39 and its 200-day moving average is $30.38. The firm has a market cap of $496.56 million, a price-to-earnings ratio of 12.83 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.14. Bar Harbor Bankshares had a return on equity of 10.25% and a net margin of 15.51%.The firm had revenue of $47.49 million during the quarter, compared to analysts’ expectations of $36.60 million. Equities research analysts predict that Bar Harbor Bankshares, Inc. will post 2.84 earnings per share for the current year.

Bar Harbor Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, November 20th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, November 20th. Bar Harbor Bankshares’s payout ratio is currently 44.91%.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.