Bar Harbor Bankshares (NYSEAMERICAN:BHB) Announces Earnings Results

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

Shares of NYSEAMERICAN BHB traded up $0.59 during mid-day trading on Thursday, hitting $28.71. The company had a trading volume of 369 shares, compared to its average volume of 78,395. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.95. The firm’s 50-day moving average price is $23.07. Bar Harbor Bankshares has a 12 month low of $18.17 and a 12 month high of $32.37. The company has a market cap of $430.08 million, a price-to-earnings ratio of 12.12 and a beta of 0.97.

The business also recently announced a quarterly dividend, which was paid on Friday, June 18th. Investors of record on Tuesday, May 18th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, May 17th. This is a boost from Bar Harbor Bankshares’s previous quarterly dividend of $0.22. Bar Harbor Bankshares’s dividend payout ratio (DPR) is presently 41.92%.

BHB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods began coverage on shares of Bar Harbor Bankshares in a report on Thursday, July 15th. They set an “outperform” rating and a $34.00 price target for the company. Piper Sandler began coverage on shares of Bar Harbor Bankshares in a research note on Wednesday, May 19th. They issued an “overweight” rating and a $34.00 target price for the company.

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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