Bar Harbor Bankshares (NYSEAMERICAN:BHB) Issues Earnings Results

Bar Harbor Bankshares (NYSEAMERICAN:BHB) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04, Fidelity Earnings reports. Bar Harbor Bankshares had a return on equity of 9.15% and a net margin of 21.14%.

BHB stock traded up $0.55 during mid-day trading on Thursday, reaching $28.12. 29,717 shares of the stock traded hands, compared to its average volume of 78,395. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.95 and a quick ratio of 0.94. Bar Harbor Bankshares has a 52 week low of $18.17 and a 52 week high of $32.37. The stock has a 50-day simple moving average of $23.07. The company has a market cap of $421.24 million, a price-to-earnings ratio of 12.12 and a beta of 0.97.

The company also recently declared a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Tuesday, May 18th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.41%. This is a boost from Bar Harbor Bankshares’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, May 17th. Bar Harbor Bankshares’s dividend payout ratio is 41.92%.

Several research analysts have issued reports on BHB shares. Piper Sandler assumed coverage on Bar Harbor Bankshares in a report on Wednesday, May 19th. They issued an “overweight” rating and a $34.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Bar Harbor Bankshares in a research note on Thursday, July 15th. They issued an “outperform” rating and a $34.00 price target on the stock.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking services. 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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Earnings History for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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