Bar Harbor Bankshares (NYSEAMERICAN:BHB - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.68 by $0.12, Yahoo Finance reports. The business had revenue of $58.23 million for the quarter, compared to analysts' expectations of $37.30 million. Bar Harbor Bankshares had a net margin of 18.86% and a return on equity of 9.72%.
Bar Harbor Bankshares Stock Performance
BHB traded up $2.52 on Wednesday, reaching $33.01. The company had a trading volume of 32,544 shares, compared to its average volume of 37,097. The firm has a market capitalization of $504.06 million, a PE ratio of 12.18 and a beta of 0.68. 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 has a one year low of $23.18 and a one year high of $33.31.
Bar Harbor Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, November 14th. Bar Harbor Bankshares's dividend payout ratio (DPR) is 44.28%.
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.
Read Our Latest Analysis on Bar Harbor Bankshares
Bar Harbor Bankshares Company Profile
(
Get Free Report)
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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