
BHB Stock Forecast & Price Target
BHB Analyst Ratings
Bulls say
Bar Harbor Bankshares demonstrated a strong loan growth of 8% on a last quarter annualized (LQA) basis, coupled with a modest increase in deposits by 1% LQA, indicating a solid demand for lending amidst a competitive market. The bank is strategically enhancing its commercial and industrial (C&I) lending capabilities, expected to further support growth as experienced hires bolster the team, positioning the company favorably as it approaches 2025. Additionally, the continued expansion of pre-provision net revenue (PPNR) by 6% quarter-over-quarter to $15.2 million, along with improved financial forecasts for 2025 and 2026, reflects Bar Harbor Bankshares' robust operational performance and positive outlook for future profitability.
Bears say
Bar Harbor Bankshares Inc. reported net interest income (NII) of $29.6 million, falling short of expectations primarily due to a smaller than anticipated earning asset base, despite a slight improvement in net interest margin (NIM) to 3.17%. The bank faces significant risks, including potential increases in credit costs, diminished loan demand, and ongoing margin pressure, which could negatively impact its earnings outlook. Additionally, a provision expense of $1.0 million related to available-for-sale (AFS) securities indicates concerns over asset quality, which, combined with declining loan loss reserves, suggests underlying vulnerabilities in the bank’s financial position.
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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