Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.30 per share by the financial services provider on Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, November 14th.
Bar Harbor Bankshares has raised its dividend payment by an average of 7.7% annually over the last three years and has raised its dividend every year for the last 21 years. Bar Harbor Bankshares has a payout ratio of 44.0% indicating that 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 $1.20 annual dividend with an expected future payout ratio of 43.6%.
Bar Harbor Bankshares Stock Up 8.3 %
BHB stock traded up $2.52 on Wednesday, reaching $33.01. 32,544 shares of the company traded hands, compared to its average volume of 37,097. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.89. Bar Harbor Bankshares has a one year low of $23.18 and a one year high of $33.31. The firm has a market cap of $504.06 million, a PE ratio of 11.25 and a beta of 0.68.
Analyst Ratings Changes
Separately, Piper Sandler reaffirmed a “neutral” rating and set a $33.00 price target on shares of Bar Harbor Bankshares in a report on Thursday, September 5th.
Check Out Our Latest Research Report on BHB
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.
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