Bar Harbor Bankshares (NYSEAMERICAN:BHB) Issues Quarterly Earnings Results

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04, FiscalAI reports. The firm had revenue of $49.37 million during the quarter, compared to analysts’ expectations of $42.80 million. Bar Harbor Bankshares had a net margin of 15.13% and a return on equity of 10.73%.

Bar Harbor Bankshares Price Performance

Shares of NYSEAMERICAN BHB opened at $33.67 on Friday. The firm has a market cap of $561.95 million, a P/E ratio of 14.64 and a beta of 0.66. The business’s 50 day moving average is $31.57 and its 200-day moving average is $31.01. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. Bar Harbor Bankshares has a 1-year low of $26.43 and a 1-year high of $35.29.

Bar Harbor Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. Bar Harbor Bankshares’s dividend payout ratio is presently 44.91%.

Bar Harbor Bankshares Company Profile

(Get Free Report)

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.

Further Reading

Earnings History for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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