BHB - Bar Harbor: Stable Bank With A Growing Dividend
2024-07-19 14:49:13 ET
Summary
- Bar Harbor Bankshares is a stable regional bank at a 52-week high, with a reliable dividend for income investors.
- Revenues are stabilizing, with loan growth in the commercial segment driving positive results in a tough macro environment.
- Return metrics are strong, with improving return on assets and equity and a decreasing non-performing asset ratio, making the bank a quality investment option.
Bar Harbor Bankshares ( BHB ) is a regional bank in the New England area and a stock that has been relatively stable. Now, along with many in the sector, it is at a 52-week-high. At these levels, we are neutral on the bank, but we do like that the bank continues to raise its dividend (apart from in the pandemic-impacted year), making it attractive for dividend growth investors....
Bar Harbor: Stable Bank With A Growing Dividend