
BHB Stock Forecast & Price Target
BHB Analyst Ratings
Bulls say
Bar Harbor Bankshares Inc. demonstrated strong loan growth, reporting an 8% increase quarter-over-quarter (LQA), supported by a 1% rise in deposits, reflecting healthy demand for its financial services. The company is entering a phase of growth, enhanced by efforts to improve its commercial and industrial lending capabilities and strategic hiring, positioning BHB favorably for continued profitability and market expansion through 2025. Furthermore, the expansion of pre-provision net revenue (PPNR) by 6% quarter-over-quarter and adjustments to future earnings estimates underscore the bank's robust financial health and potential for growth, bolstered by a low non-performing loan (NPL) formation rate.
Bears say
Bar Harbor Bankshares Inc. reported a net interest income (NII) of $29.6 million, slightly falling short of expectations due to a smaller than anticipated earning asset base, despite a modest improvement in net interest margin (NIM) to 3.17%. The bank faces several risks that could negatively impact its earnings outlook, including potential increases in credit costs, reduced demand for loans, and ongoing pressure on profit margins. Additionally, the company recorded a provision expense of $1.0 million primarily related to available-for-sale (AFS) securities, signaling a cautious management approach amidst a backdrop of declining loan loss reserves and rising provisions.
This aggregate rating is based on analysts' research of Bar Harbor Bankshares and is not a guaranteed prediction by Public.com or investment advice.
BHB Analyst Forecast & Price Prediction
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