Bar Harbor Bankshares Director Buys $32,364 in Stock (BHB)
Bar Harbor Bankshares (NYSE:BHB) Director Matthew L. Caras acquired 1,200 shares of the stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $26.97 per share, for a total transaction of $32,364.00. Following the completion of the acquisition, the director now directly owns 3,056 shares in the company, valued at approximately $82,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Bar Harbor Bankshares (NYSE:BHB) traded down 1.07% during mid-day trading on Thursday, hitting $26.84. The stock had a trading volume of 14,570 shares. Bar Harbor Bankshares has a 52-week low of $23.2733 and a 52-week high of $29.35. The stock’s 50-day moving average is $27.70 and its 200-day moving average is $25.93. The company has a market cap of $159.2 million and a P/E ratio of 11.18.
Bar Harbor Bankshares (NYSE:BHB) last released its earnings data 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. Analysts expect that Bar Harbor Bankshares will post $2.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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 3.39%. The ex-dividend date is Wednesday, August 13th. This is a boost from Bar Harbor Bankshares’s previous quarterly dividend of $0.22.
Separately, analysts at RBC Capital raised their price target on shares of Bar Harbor Bankshares from $29.00 to $31.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock.
Bar Harbor Bankshares (NYSE:BHB) is a bank holding company.
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