Bar Harbor Bankshares (NYSEAMERICAN:BHB) Shares Cross Above 50 Day Moving Average - What's Next?

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $32.07. Bar Harbor Bankshares shares last traded at $31.85, with a volume of 17,964 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a "neutral" rating and set a $33.00 target price on shares of Bar Harbor Bankshares in a research note on Thursday, September 5th.

Bar Harbor Bankshares Stock Up 3.5 %

The company has a market cap of $503.45 million, a PE ratio of 11.46 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.89.

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.12. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.80%. The company had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. On average, equities analysts anticipate that Bar Harbor Bankshares will post 2.82 earnings per share for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, November 14th. Bar Harbor Bankshares's dividend payout ratio (DPR) is presently 43.17%.

Institutional Investors Weigh In On Bar Harbor Bankshares

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Bar Harbor Bankshares by 91.1% in the first quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 3,429 shares during the last quarter. SlateStone Wealth LLC purchased a new stake in Bar Harbor Bankshares during the 2nd quarter valued at $201,000. Sky Investment Group LLC bought a new stake in Bar Harbor Bankshares in the 3rd quarter worth $216,000. First Bancorp Inc ME bought a new position in shares of Bar Harbor Bankshares during the third quarter valued at about $220,000. Finally, Algert Global LLC boosted its holdings in shares of Bar Harbor Bankshares by 19.7% during the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider's stock worth $250,000 after purchasing an additional 1,530 shares during the period. Institutional investors own 54.49% of the company's stock.

Bar Harbor Bankshares Company Profile

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.