Bar Harbor Bankshares (NYSEAMERICAN:BHB) Releases Earnings Results

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

Bar Harbor Bankshares Trading Up 8.3 %

NYSEAMERICAN BHB opened at $33.01 on Thursday. Bar Harbor Bankshares has a 1 year low of $23.18 and a 1 year high of $33.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $504.06 million, a PE ratio of 12.18 and a beta of 0.68.

Bar Harbor Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Bar Harbor Bankshares’s payout ratio is 44.28%.

Wall Street Analyst Weigh In

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

About Bar Harbor Bankshares

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.