Bar Harbor Bankshares (NYSEAMERICAN:BHB) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.36 and traded as low as $28.68. Bar Harbor Bankshares shares last traded at $29.65, with a volume of 71,113 shares traded.

Bar Harbor Bankshares Stock Up 2.6%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $30.04 and its two-hundred day moving average price is $30.37. The company has a market cap of $494.56 million, a P/E ratio of 12.78 and a beta of 0.71.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.14. Bar Harbor Bankshares had a net margin of 15.51% and a return on equity of 10.25%. The business had revenue of $47.49 million for the quarter, compared to analyst estimates of $36.60 million. Equities research analysts anticipate that Bar Harbor Bankshares, Inc. will post 2.84 EPS for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, November 20th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, November 20th. Bar Harbor Bankshares’s dividend payout ratio is 44.91%.

About Bar Harbor Bankshares

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.