Bar Harbor Bankshares, Inc. (BHB) to Distribute Quarterly Dividend of $0.34 on September 18th

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Thursday, August 20th will be given a dividend of 0.34 per share by the financial services provider on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 3.6%. 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 dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bar Harbor Bankshares to earn $3.96 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 32.3%.

Bar Harbor Bankshares Stock Performance

NYSEAMERICAN:BHB opened at $38.24 on Thursday. The stock has a market cap of $640.14 million, a P/E ratio of 12.92 and a beta of 0.60. The stock has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $34.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. Bar Harbor Bankshares has a 1-year low of $28.06 and a 1-year high of $39.67.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Bar Harbor Bankshares had a net margin of 18.46% and a return on equity of 11.51%. The firm had revenue of $49.68 million for the quarter, compared to analyst estimates of $49.32 million. Research analysts anticipate that Bar Harbor Bankshares will post 3.67 earnings per share 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.