Bar Harbor Bankshares (NYSEAMERICAN:BHB) Posts Earnings Results, Beats Estimates By $0.12 EPS

Bar Harbor Bankshares (NYSEAMERICAN:BHB) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12, Yahoo Finance reports. Bar Harbor Bankshares had a net margin of 18.86% and a return on equity of 9.72%. The business had revenue of $58.23 million for the quarter, compared to analysts’ expectations of $37.30 million.

Bar Harbor Bankshares Trading Up 8.3 %

Bar Harbor Bankshares stock opened at $33.01 on Thursday. The stock has a market capitalization of $504.06 million, a P/E ratio of 12.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.00. Bar Harbor Bankshares has a 52 week low of $23.18 and a 52 week high of $33.31.

Bar Harbor Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Bar Harbor Bankshares’s dividend payout ratio is presently 44.28%.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a “neutral” rating and issued a $33.00 price objective on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

About Bar Harbor Bankshares

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.