In a report released today, Alexander Twerdahl from Piper Sandler assigned a Buy rating to Bar Harbor Bankshares (BHB – Research Report), with a price target of $28.00. The company’s shares closed yesterday at $24.33.
Twerdahl covers the Financial sector, focusing on stocks such as Bar Harbor Bankshares, Northeast Bancorp, and Tompkins Financial Corporation. According to TipRanks, Twerdahl has an average return of 8.8% and a 57.07% success rate on recommended stocks.
Currently, the analyst consensus on Bar Harbor Bankshares is a Moderate Buy with an average price target of $27.50.
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Based on Bar Harbor Bankshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $40.09 million and a net profit of $13.01 million. In comparison, last year the company earned a revenue of $33.61 million and had a net profit of $9.11 million
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Bar Harbor Bankshares (BHB) Company Description:
Bar Harbor Bankshares operates through its subsidiaries, which engages in the provision of commercial, retail, and wealth management banking services. It includes lending activities, acceptance of demand, savings and time deposits, business services, investment management, and trust and third-party brokerage services. The company was founded on January 19, 1984 and is headquartered in Bar Harbor, ME.
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