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

Bar Harbor Bankshares (NYSEAMERICAN:BHBGet Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12, Yahoo Finance reports. The firm had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. Bar Harbor Bankshares had a net margin of 18.86% and a return on equity of 9.72%.

Bar Harbor Bankshares Trading Down 0.6 %

Shares of Bar Harbor Bankshares stock traded down $0.19 during trading hours on Thursday, reaching $32.82. The stock had a trading volume of 29,610 shares, compared to its average volume of 37,060. The company has a market cap of $501.16 million, a P/E ratio of 12.18 and a beta of 0.68. Bar Harbor Bankshares has a twelve month low of $23.18 and a twelve month high of $33.31. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is 44.28%.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Bar Harbor Bankshares

Bar Harbor Bankshares Company Profile

(Get Free Report)

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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Earnings History for Bar Harbor Bankshares (NYSEAMERICAN:BHB)

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