Bar Harbor Bankshares (BHB) Plans Quarterly Dividend of $0.19
Bar Harbor Bankshares (NYSE:BHB) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.1867 per share by the financial services provider on Friday, September 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, August 11th.
Bar Harbor Bankshares has raised its dividend by an average of 9.4% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Bar Harbor Bankshares has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bar Harbor Bankshares to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 27.3%.
Shares of Bar Harbor Bankshares (NYSE BHB) traded down 0.61% during trading on Friday, hitting $29.16. 12,886 shares of the company were exchanged. The firm’s 50-day moving average price is $30.21 and its 200 day moving average price is $35.45. Bar Harbor Bankshares has a 12 month low of $23.00 and a 12 month high of $33.41. The firm has a market capitalization of $448.77 million and a PE ratio of 20.72.
In other Bar Harbor Bankshares news, insider Gregory W. Dalton sold 1,000 shares of Bar Harbor Bankshares stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $30.00, for a total transaction of $30,000.00. Following the sale, the insider now owns 13,332 shares of the company’s stock, valued at approximately $399,960. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Mciver sold 4,159 shares of Bar Harbor Bankshares stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $29.32, for a total transaction of $121,941.88. Following the sale, the insider now directly owns 1,817 shares in the company, valued at approximately $53,274.44. The disclosure for this sale can be found here. In the last three months, insiders purchased 130 shares of company stock valued at $3,890 and sold 6,247 shares valued at $185,550.
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About Bar Harbor Bankshares
Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.
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