Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.34 and traded as low as $29.65. Bar Harbor Bankshares shares last traded at $30.32, with a volume of 79,117 shares traded.

Bar Harbor Bankshares Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. The stock has a market cap of $505.74 million, a P/E ratio of 13.07 and a beta of 0.71. The firm has a 50 day moving average price of $29.83 and a 200 day moving average price of $30.34.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last released 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 company had revenue of $47.49 million during the quarter, compared to analyst estimates of $36.60 million. On average, analysts forecast that Bar Harbor Bankshares, Inc. will post 2.84 EPS for the current fiscal year.

Bar Harbor Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, November 20th. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 44.91%.

Bar Harbor Bankshares Company Profile

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.