E Daily Stock Analysis: Bar Harbor Bankshares

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Bar Harbor Bankshares Inc, or as the local Maineacs call it, Bah Humbug, goes by the ticker symbol BHB and is a small-cap member of the financial services sector as a regional bank. This is my first report on Bar Harbor Bancshares Inc for this Vista folio. It was previously reviewed for an earlier portfolio.

Bar Harbor Bankshares Inc is a bank holding company which, along with its subsidiaries, offers a full range of financial services products, brokerage services through third-party brokerage arrangement 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 dividend equities or funds like Bar Harbor Bankshares Inc:

(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 closed at $30.32 yesterday. One year ago its price was $20.43. Thus, price per share grew over 48% year over year as it recovered from the Covid doldrums. 

Should BHB's stock trade in the range of $18 to $38.00 this next year, its recent $30.32 price might rise by $3.68 to reach $34 by June 4, 2022. My estimate corresponds with that of the one analyst who tracks BHB.

BHB Dividends

Bar Harbor's most recent quarterly dividend of $0.24 is payable June 18th and equates to $0.96 annually which will yield 3.17% based on yesterday's $30.32 closing price. BHB has paid quarterly dividends increasing annually since 2003 (18 years.)

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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