Bar Harbor Bankshares (NYSEAMERICAN:BHB) Sees Strong Trading Volume – What’s Next?

Shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) saw an uptick in trading volume on Tuesday . 25,135 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 36,660 shares.The stock last traded at $36.00 and had previously closed at $36.03.

Analyst Ratings Changes

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

Bar Harbor Bankshares Stock Down 0.9 %

The company has a market capitalization of $545.14 million, a P/E ratio of 12.85 and a beta of 0.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12. The company 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 18.99% and a return on equity of 9.66%. Analysts predict that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.36%. Bar Harbor Bankshares’s dividend payout ratio is currently 43.17%.

Institutional Trading of Bar Harbor Bankshares

Several hedge funds have recently modified their holdings of the stock. SlateStone Wealth LLC acquired a new position in shares of Bar Harbor Bankshares during the second quarter worth approximately $201,000. Janus Henderson Group PLC bought a new position in shares of Bar Harbor Bankshares in the third quarter valued at $203,000. Camden National Bank acquired a new position in shares of Bar Harbor Bankshares during the third quarter valued at about $214,000. Moors & Cabot Inc. bought a new stake in shares of Bar Harbor Bankshares during the third quarter worth about $214,000. Finally, Sky Investment Group LLC acquired a new stake in shares of Bar Harbor Bankshares in the 3rd quarter worth about $216,000. Institutional investors own 54.49% of the company’s stock.

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.