Bar Harbor Bankshares (NYSE:BHB) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be paid a dividend of 0.1867 per share by the financial services provider on Friday, September 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Friday, August 11th.
Bar Harbor Bankshares has increased its dividend by an average of 9.4% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Bar Harbor Bankshares has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bar Harbor Bankshares to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 27.3%.
Bar Harbor Bankshares (BHB) opened at 26.69 on Thursday. Bar Harbor Bankshares has a 52 week low of $26.56 and a 52 week high of $33.41. The stock has a 50 day moving average price of $29.08 and a 200 day moving average price of $33.79. The stock has a market capitalization of $411.19 million and a PE ratio of 19.00.
In related news, insider Gregory W. Dalton sold 1,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the insider now directly owns 13,332 shares of the company’s stock, valued at approximately $399,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Mciver sold 4,159 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $29.32, for a total value of $121,941.88. Following the completion of the sale, the insider now directly owns 1,817 shares of the company’s stock, valued at $53,274.44. The disclosure for this sale can be found here. Over the last three months, insiders purchased 140 shares of company stock valued at $4,139 and sold 6,247 shares valued at $185,550.
About Bar Harbor Bankshares
Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.
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