BHB stock dividend – Bar Harbor Bankshares Announces Cash Dividend of 0.26
February 2, 2023
Dividends Yield
BHB stock dividend – Bar Harbor Bankshares ($NYSEAM:BHB) Inc. has announced a cash dividend of 0.26 on February 1, 2023. The company has issued the same annual dividend per share of 1.02 USD for the past three years, resulting in an average dividend yield of 3.57%. The company focuses on retail and commercial banking, wealth management, and mortgage banking. It also offers online, mobile, and telephone banking services. If you are interested in dividend stocks, Bar Harbor Bankshares should be at the top of your list.
The company has a strong track record of consistently paying out dividends and its current dividend yield is quite attractive compared to other stocks in its sector. Moreover, the ex-dividend date is set for February 15, 2023 and if you buy the stock before that date, you will be eligible for the dividend payout. Overall, Bar Harbor Bankshares is an excellent choice for investors looking for a reliable dividend stock. With its solid track record of regular dividend payments and reasonable yield, it is a great option for those looking for a steady income stream.
Price History
The news of the dividend declaration was well-received by investors, as Bar Harbor Bankshares stock opened at $31.2 on Wednesday and closed at $31.6, up by 1.6% from the prior closing price of 31.1. The stock has been steadily rising since the announcement of the dividend, indicating that investors have reacted positively to the news. It operates through its subsidiaries, Bar Harbor Bank & Trust and its other banking divisions, providing banking and financial services to individuals, businesses, and non-profit organizations throughout Maine and New Hampshire. The dividend declaration is a sign of confidence from the company in its financial stability and long-term growth prospects. The dividend is a reflection of Bar Harbor Bankshares’ commitment to rewarding its shareholders for their loyalty and investment in the company.
The dividend payment is expected to be a boost for shareholders, as it adds to their returns from owning the stock. Dividend payments are also seen as a sign that the company is financially stable and has good prospects for long-term growth. Bar Harbor Bankshares is one of the leading financial services companies in the region and with the announcement of this dividend payment, it reaffirms its commitment to delivering value to its shareholders. The dividend announcement is also a sign that the company is confident in its outlook and will continue to reward its shareholders with regular dividends in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BHB. More…
| Total Revenues | Net Income | Net Margin |
| – | 43.56 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BHB. More…
| Operations | Investing | Financing |
| 60.48 | -6.06 | -30.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BHB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.91k | 3.52k | – |
Key Ratios Snapshot
Some of the financial key ratios for BHB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – BHB Intrinsic Value Calculation
GoodWhale has conducted an analysis of BAR HARBOR BANKSHARES and determined the company to be in a healthy financial state. Our proprietary Valuation Line estimates the fair value of BAR HARBOR BANKSHARES share to be around $26.9. However, the stock is currently priced at $31.6, representing an overvaluation of 17.6%. This suggests that investors may be willing to pay more than the current fair value for BAR HARBOR BANKSHARES shares. For investors looking to buy the stock, the current market price may be too high compared to the fair value, putting them at risk of overpaying. At the same time, those who already own BAR HARBOR BANKSHARES shares could consider selling them before the stock price corrects to its fair value. Overall, GoodWhale’s analysis shows that while BAR HARBOR BANKSHARES is a healthy company, its current share price is slightly higher than its fair value. Investors should keep this in mind when making decisions involving BAR HARBOR BANKSHARES shares. More…
Peers
The Bank operates approximately 60 branch locations throughout Maine, New Hampshire and Massachusetts. The Bank’s primary competitors are Peoples Bancorp Inc (Marietta OH), BankFinancial Corp, Peoples Bancorp Inc.
– Peoples Bancorp Inc (Marietta OH) ($NASDAQ:PEBO)
Peoples Bancorp Inc (Marietta OH) is a financial holding company that operates through its subsidiaries. The company’s subsidiaries include Peoples Bank, National Association and Peoples Insurance Agency, LLC. The company provides banking and insurance services to individuals and businesses in the United States. The company operates its branches in Ohio, West Virginia, and Kentucky.
– BankFinancial Corp ($NASDAQ:BFIN)
BankFinancial Corp is a bank holding company that operates through its subsidiary, BankFinancial, N.A. The Company provides a range of banking services to small and medium-sized businesses, and individuals. These services include checking and savings accounts, money market accounts, certificates of deposit, and loans. The Company operates in Illinois, Wisconsin, and Indiana.
– Peoples Bancorp Inc ($OTCPK:PEBC)
Peoples Bancorp Inc. is a bank holding company, which engages in the provision of banking and other financial services to individual and corporate customers. It operates through the following segments: Banking, Insurance, and Wealth Management. The Banking segment offers personal and business banking products and services. The Insurance segment provides property, casualty, life, and health insurance products. The Wealth Management segment offers investment advisory, fiduciary, and trust services. The company was founded in 1864 and is headquartered in Marietta, OH.
Summary
BAR HARBOR BANKSHARES is an attractive investment opportunity for investors looking for a steady dividend yield. The company has consistently issued a 1.02 USD dividend per share for the past 3 years, resulting in a 3.57% dividend yield. This dividend yield is well above the current market average, making it an attractive choice for investors seeking higher returns than the market. Additionally, the ex-dividend date for the stock is February 15, 2023, providing investors with ample time to make a decision on whether to purchase the stock. Investors looking to invest in BAR HARBOR BANKSHARES may want to consider their risk tolerance and goals when making their decision. This stock may be appropriate for conservative investors who are looking for a steady stream of income in the form of dividends.
However, investors should also consider the company’s financial performance and outlook before investing, as the stock’s performance may be sensitive to changes in the economy or the company’s financials. Furthermore, investors should research the company’s dividend payment history to ensure that it has been consistent over the years.
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