Bar Harbor Bankshares (NYSEAMERICAN:BHB) Reaches New 1-Year High – What’s Next?

Bar Harbor Bankshares, Inc. (NYSEAMERICAN:BHB) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $35.50 and last traded at $35.58, with a volume of 674 shares changing hands. The stock had previously closed at $35.17.

Bar Harbor Bankshares Stock Up 0.5%

The company has a 50-day moving average of $32.18 and a 200-day moving average of $31.11. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $589.97 million, a price-to-earnings ratio of 15.43 and a beta of 0.65.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $49.37 million for the quarter, compared to analyst estimates of $42.80 million. Bar Harbor Bankshares had a return on equity of 10.73% and a net margin of 15.13%. On average, equities analysts predict that Bar Harbor Bankshares, Inc. will post 2.84 earnings per share for the current fiscal year.

Bar Harbor Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.6%. Bar Harbor Bankshares’s payout ratio is 44.91%.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares, Inc is a bank holding company headquartered in Ellsworth, Maine, and the parent of Bar Harbor Bank & Trust. The company provides a full suite of commercial and consumer banking products and services, including deposit accounts, residential and commercial lending, wealth management, treasury and cash management, and online and mobile banking solutions. Its subsidiary, Bar Harbor Bank & Trust, operates branches across Maine and eastern New Hampshire, serving both individual and business clients with a focus on community banking relationships.

With roots tracing back to the late 19th century, Bar Harbor Bankshares has built its presence along the coast of Maine, extending from Casco Bay to Downeast communities, and into neighboring New Hampshire markets.