Bar Harbor Bankshares (BHB) to Issue Quarterly Dividend of $0.30 on June 14th

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.30 per share by the financial services provider on Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Wednesday, May 15th. This is an increase from Bar Harbor Bankshares’s previous quarterly dividend of $0.22.

Bar Harbor Bankshares has raised its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 4 years. Bar Harbor Bankshares has a payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bar Harbor Bankshares to earn $2.83 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.4%.

Bar Harbor Bankshares Stock Down 1.6 %

Shares of BHB stock opened at $26.31 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $400.70 million, a P/E ratio of 9.57 and a beta of 0.75. Bar Harbor Bankshares has a 52 week low of $22.13 and a 52 week high of $30.37.

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $36.64 million for the quarter, compared to the consensus estimate of $37.10 million. Bar Harbor Bankshares had a return on equity of 10.05% and a net margin of 19.51%. Equities analysts anticipate that Bar Harbor Bankshares will post 2.75 EPS for the current year.

Analyst Ratings Changes

BHB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $28.00 target price (down from $29.00) on shares of Bar Harbor Bankshares in a report on Monday, April 22nd. TheStreet cut Bar Harbor Bankshares from a “b” rating to a “c+” rating in a research report on Monday, March 11th.

Read Our Latest Analysis on BHB

Bar Harbor Bankshares Company Profile

(Get Free Report)

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.

See Also

Dividend History for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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