Key Highlights:
- Dividend Increase: Bar Harbor Bankshares boosts its quarterly dividend by 6.7%, elevating the payout to $0.32 per share.
- Attractive Yield: Investors can now enjoy a forward yield of 4.42%.
- Analyst Insights: Analysts project a potential 19.05% upside, with a target stock price of $34.50.
Bar Harbor Bankshares (BHB), a stalwart in the financial sector, has announced a significant enhancement to its shareholder rewards by increasing its quarterly dividend by 6.7%. This increase raises the dividend to $0.32 per share, up from $0.30, offering investors a forward yield of 4.42%. The dividend will be disbursed on June 13th to those on record by May 15th, coinciding with the ex-dividend date.
Wall Street Analysts Forecast
Industry experts have set their sights on the future performance of Bar Harbor Bankshares Inc (BHB, Financial) with intriguing projections. According to the one-year price targets presented by two seasoned analysts, the average target price is pinned at $34.50. Estimates range from a high of $35.00 to a low of $34.00, indicating a promising potential upside of 19.05% from the current trading price of $28.98. Explore more detailed data on the Bar Harbor Bankshares Inc (BHB) Forecast page.
In terms of analyst sentiment, the consensus recommendation from two brokerage firms classifies Bar Harbor Bankshares Inc's (BHB, Financial) average rating as a 3.0, reflecting a "Hold" status. The evaluation scale ranges from 1 (Strong Buy) to 5 (Sell).
Furthermore, GuruFocus analysts estimate the GF Value for Bar Harbor Bankshares Inc (BHB, Financial) to be $34.66 in a year, predicting an upside of 19.6% from the current valuation of $28.98. The GF Value represents GuruFocus' fair value assessment based on historical trading multiples, past business growth trajectories, and future performance forecasts. For a comprehensive analysis, visit the Bar Harbor Bankshares Inc (BHB) Summary page.
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