Bar Harbor Bankshares (BHB) To Go Ex-Dividend on August 11th …

Posted by on Aug 6, 2017 in Local News | Comments Off on Bar Harbor Bankshares (BHB) To Go Ex-Dividend on August 11th …

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 2.74%. The ex-dividend date of this dividend is Friday, August 11th.

Bar Harbor Bankshares has raised its dividend by an average of 9.4% annually over the last three years and has raised its dividend every year for the last 7 years. Bar Harbor Bankshares has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 (NYSE BHB) opened at 27.21 on Friday. The stock’s 50 day moving average is $29.78 and its 200 day moving average is $34.35. Bar Harbor Bankshares has a 12 month low of $23.00 and a 12 month high of $33.41. The company has a market cap of $419.20 million and a PE ratio of 19.37.

In other Bar Harbor Bankshares news, insider William J. Mciver sold 4,159 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $29.32, for a total value of $121,941.88. Following the sale, the insider now directly owns 1,817 shares in the company, valued at approximately $53,274.44. The transaction was disclosed in a document filed with the Securities Exchange Commission, which is accessible through the SEC website. Also, insider Gregory W. Dalton sold 1,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the sale, the insider now owns 13,332 shares in the company, valued at $399,960. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 140 shares of company stock worth $4,139 and sold 6,247 shares worth $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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Article source: https://theolympiareport.com/2017/08/06/bar-harbor-bankshares-bhb-to-go-ex-dividend-on-august-11th.html