RBC Capital Increases Bar Harbor Bankshares Price Target to $31.00 (BHB)
RBC Capital increased their price target on shares of Bar Harbor Bankshares (NYSE:BHB) from $29.00 to $31.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 16.15% from the company’s current price.
Bar Harbor Bankshares (NYSE:BHB) traded down 2.23% on Thursday, hitting $26.69. 9,481 shares of the company’s stock traded hands. Bar Harbor Bankshares has a one year low of $22.74 and a one year high of $29.35. The stock has a 50-day moving average of $27.42 and a 200-day moving average of $25.83. The company has a market cap of $157.8 million and a price-to-earnings ratio of 11.25.
Bar Harbor Bankshares (NYSE:BHB) last announced its earnings results on Wednesday, July 30th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.08. On average, analysts predict that Bar Harbor Bankshares will post $2.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, August 13th. This is an increase from Bar Harbor Bankshares’s previous quarterly dividend of $0.22.
Bar Harbor Bankshares (NYSE:BHB) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.