Bar Harbor Bankshares, Inc. (BHB) To Go Ex-Dividend on August 20th

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Thursday, August 20th will be paid a dividend of 0.34 per share by the financial services provider on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, August 20th.

Bar Harbor Bankshares has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Bar Harbor Bankshares has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Bar Harbor Bankshares to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 34.0%.

Bar Harbor Bankshares Stock Down 0.7%

BHB stock opened at $40.33 on Tuesday. The stock has a market capitalization of $676.33 million, a P/E ratio of 13.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. Bar Harbor Bankshares has a one year low of $28.11 and a one year high of $41.08. The company has a 50 day moving average price of $38.29 and a two-hundred day moving average price of $35.42.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Bar Harbor Bankshares had a return on equity of 11.41% and a net margin of 18.46%.The company had revenue of $49.68 million for the quarter, compared to analyst estimates of $49.32 million. As a group, sell-side analysts expect that Bar Harbor Bankshares will post 3.6 EPS for the current year.

Bar Harbor Bankshares Company Profile

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.