Bar Harbor Bankshares Inc., known by the ticker symbol BHB, is a small cap regional bank company in the financial services business sector. This is my first report on BHB for my Viital stock portfolio I last reported on this company on June 4th for my Vista portfolio 6.

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Bar Harbor Bankshares Inc. is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangement,s and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. 

Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services.

It operates approximately 53 locations across Maine, New Hampshire, and Vermont. 

The company was founded in 1887 and is based in Bar Harbor, Maine.

Three key data points gauge any dividend equity or fund such as Bar Harbor Bankshares Inc. (BHB):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

BHB Price

Bar Harbor's price per share was $31.72 as of yesterday's market close. One year ago its price was $24.04. So, MAIN's share price increased just about 32% in the past year.

If Bar Harbor's stock trades in the range of $20.00 to $40.00 this next year, its recent $31.73 price could rise by $3.28 to reach $35.00 by November 11, 2022. My estimate is in line with the median of target price estimates from 2 analysts tracking BHB for brokerage houses.  

BHB Dividends

Bar Harbor's most recently announced a quarterly dividend of  $0.24 will pay out on December 17th, to shareholders. The compounded annual payout of $0.96 yields 3.03% based on yesterday's $31.72 closing price. BHB has paid monthly dividends increasing generally annually since January 1996: That is over 26 years of increasing payouts come January. 

BHB Returns

Adding the $0.96 annual estimated BHB forward-looking dividend to my $3.28 price upside estimate shows a $4.24 potential gross gain, per share, to be reduced by any costs to trade BHB shares.  

At yesterday's $31.72 price per share, a little over $1000 would buy 32 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.31 per share.

Subtract that maybe $0.31 brokerage cost from my estimated $4.24 gross gain per share results in a net gain of $3.93 X 32 shares = $125.76 for a 12.56% net gain on a $1,015.04 investment.

So it is that Harbor Bankshares Inc. (BHB) shows a possible 12.56% net gain including a 3.03% forward estimated dividend yield. 

Over the next year at this time, a $1000 investment in Harbor Bankshares Inc. (BHB) could generate $30.03 in cash dividends alone. Note that a single share bought at yesterday's closing price was $31.72! Thus, Harbor Bankshares Inc's share price is nearly $1.69 greater than the dividend income from $1000.00 invested. Thus, according to my dogcatcher ideal, now is not the time to pickup BHB shares. The estimated next year dividend from $1k invested is nearly $2 over the single share price. Consider yourself alerted. It's a sign!  Wait for the price to drop $1.00.

All of the estimates above are speculation based on the past history of Harbor Bankshares Inc. (BHB). Only time and money invested in this stock will determine its market value.