|Bid||24.01 x 4000|
|Ask||24.43 x 1100|
|Day's Range||23.92 - 24.95|
|52 Week Range||21.25 - 30.25|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||12.66|
|Forward Dividend & Yield||0.88 (3.51%)|
|1y Target Est||N/A|
Bar Harbor Bankshares reported second quarter 2019 net income of $6.1 million, or $0.39 diluted earnings per share. Net income in the second quarter of 2018 totaled $8.5 million or $0.55 diluted earnings per share.
Bar Harbor Bankshares (NYSE American: BHB or the “Company”) announced that its banking subsidiary, Bar Harbor Bank & Trust (“BHBT” or the “Bank”), has signed a definitive agreement to acquire eight branches located in central Maine with approximately $287 million of deposits, $111 million of loans and $284 million of assets under management (as of March 31, 2019) from People’s United Bank, National Association (“People’s”). Both banks will be working closely to ensure a seamless transition for customer accounts and associates transferring to BHBT. The Company intends to offer continued employment to the professionals associated with People’s central Maine region, which is anticipated to close in the fourth quarter of 2019.
Bar Harbor Bankshares reported first quarter 2019 net income of $7.3 million or $0.47 diluted earnings per share. Earnings in the same quarter of 2018 totaled $7.8 million or $0.50 diluted earnings per share.
Under the terms of the Plan, the Company is authorized to repurchase up to 5% of its outstanding common stock, representing approximately 776,000 shares as of March 15, 2019. The plan is authorized to last no longer than twelve months. President and Chief Executive Officer, Curtis C. Simard commented, “The stock repurchase plan was authorized based on the strength of the Company’s balance sheet and capital position, and our belief in the intrinsic value of the Company’s common stock.
Bar Harbor Bankshares reported fourth quarter net income of $7.6 million, a 15% increase from $6.6 million in the same quarter of 2017. Net income for the full year 2018 was $32.9 million, up 27% compared to $26.0 million in 2017.
Bar Harbor Bankshares , announced that its Board of Directors declared at its January 22, 2019 meeting, a quarterly cash dividend of $0.20 per share of common stock.
Bar Harbor Bankshares reported net income for third quarter 2018 of $9.0 million, or 58 cents per share, compared with $8.6 million, or 56 cents per share, in the same quarter of 2017.
Daryl Wentworth and Joe Delano have joined Bar Harbor Bank & Trust’s Commercial Lending team with the opening of a newly created commercial loan office in Portland, Maine. Mr. Wentworth will lead a team of lenders including Mr.