Bar Harbor Bankshares (NYSE:BHB - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Stockholders of record on Thursday, August 14th will be given a dividend of 0.32 per share on Friday, September 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, August 14th.
Bar Harbor Bankshares has a dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings.
Bar Harbor Bankshares Stock Performance
Shares of NYSE:BHB traded up $0.52 during trading on Friday, reaching $30.47. 10,652 shares of the stock were exchanged, compared to its average volume of 42,920. The company has a market cap of $466.71 million, a price-to-earnings ratio of 10.69 and a beta of 0.65. Bar Harbor Bankshares has a 12 month low of $26.43 and a 12 month high of $38.47. The company's 50-day moving average is $30.08.
Institutional Trading of Bar Harbor Bankshares
Several institutional investors have recently modified their holdings of BHB. Jane Street Group LLC bought a new stake in shares of Bar Harbor Bankshares in the first quarter worth $522,000. Royal Bank of Canada boosted its position in Bar Harbor Bankshares by 11.1% during the first quarter. Royal Bank of Canada now owns 50,501 shares of the company's stock valued at $1,490,000 after acquiring an additional 5,036 shares during the last quarter. Empowered Funds LLC boosted its position in Bar Harbor Bankshares by 8.2% during the first quarter. Empowered Funds LLC now owns 49,544 shares of the company's stock valued at $1,462,000 after acquiring an additional 3,754 shares during the last quarter. AQR Capital Management LLC boosted its position in Bar Harbor Bankshares by 36.6% during the first quarter. AQR Capital Management LLC now owns 10,964 shares of the company's stock valued at $323,000 after acquiring an additional 2,939 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Bar Harbor Bankshares during the first quarter valued at $73,000. Institutional investors own 54.49% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on BHB. Piper Sandler lifted their price objective on shares of Bar Harbor Bankshares from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen began coverage on shares of Bar Harbor Bankshares in a research note on Friday, May 16th. They set a "hold" rating on the stock.
Read Our Latest Stock Report on BHB
About Bar Harbor Bankshares
(
Get Free Report)
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, 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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