Piper Sandler analyst Mark Fitzgibbon has adjusted the price target for Bar Harbor Bankshares (BHB, Financial), lowering it from $34 to $32. This revision comes in the wake of the company's recent quarterly earnings report. Despite the change in price target, Fitzgibbon maintains a Neutral rating on the shares.
The adjustment reflects a reassessment of the bank's valuation following its latest financial performance. Nevertheless, Piper Sandler does not anticipate any significant movement in Bar Harbor Bankshares' stock price as a result of this update, especially at the start of the trading week.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Bar Harbor Bankshares Inc (BHB, Financial) is $32.50 with a high estimate of $33.00 and a low estimate of $32.00. The average target implies an upside of 12.15% from the current price of $28.98. More detailed estimate data can be found on the Bar Harbor Bankshares Inc (BHB) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Bar Harbor Bankshares Inc's (BHB, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bar Harbor Bankshares Inc (BHB, Financial) in one year is $34.66, suggesting a upside of 19.6% from the current price of $28.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bar Harbor Bankshares Inc (BHB) Summary page.
