Bar Harbor Bankshares (NYSEAMERICAN:BHB) Announces $0.30 Quarterly Dividend

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.30 per share by the financial services provider on Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, November 14th.

Bar Harbor Bankshares has raised its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Bar Harbor Bankshares has a payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bar Harbor Bankshares to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 43.6%.

Bar Harbor Bankshares Trading Up 8.3 %

NYSEAMERICAN BHB traded up $2.52 on Wednesday, hitting $33.01. 32,544 shares of the stock were exchanged, compared to its average volume of 37,097. The stock has a market cap of $504.06 million, a price-to-earnings ratio of 11.25 and a beta of 0.68. Bar Harbor Bankshares has a 52-week low of $23.18 and a 52-week high of $33.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.00.

Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.12. The firm had revenue of $58.23 million during the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a return on equity of 9.72% and a net margin of 18.86%. Equities analysts anticipate that Bar Harbor Bankshares will post 2.68 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.

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