Bar Harbor Bankshares (NYSEAMERICAN:BHB – Get Free Report) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.30 per share by the financial services provider on Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, August 15th.
Bar Harbor Bankshares has raised its dividend 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 dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings.
Bar Harbor Bankshares Trading Up 1.9 %
Shares of NYSEAMERICAN BHB opened at $28.60 on Wednesday. The stock has a market cap of $435.58 million, a PE ratio of 10.40 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Bar Harbor Bankshares has a 1-year low of $23.16 and a 1-year high of $33.31.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $28.00 target price (down from $29.00) on shares of Bar Harbor Bankshares in a research report on Monday, April 22nd.
Get Our Latest Analysis on BHB
Insider Activity
In related news, Director Scott G. Toothaker acquired 4,476 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $115,570.32. Following the purchase, the director now owns 45,000 shares in the company, valued at $1,161,900. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 5,466 shares of company stock worth $140,534 over the last 90 days. 2.53% of the stock is currently owned by corporate insiders.
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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