Piper Sandler Reiterates Buy Rating for Bar Harbor Bankshares
Piper Sandler maintains a buy rating on Bar Harbor Bankshares with a target price of $41, a 6.91% upside from the current price.
Key Points
- Piper Sandler's analyst Justin Crowley reaffirmed a buy rating for Bar Harbor Bankshares with a price target of $41 on June 26, 2026.
- Piper Sandler's $41 price target implies 6.91% upside from Bar Harbor Bankshares's ($BHB) current $38.35 share price.
- Shares of NYSE American:BHB traded near $37.55 on Friday, with a market cap of approximately $628.7 million and a P/E ratio of 15.26.
- Recent insider buying included the CEO purchasing 801 shares at $36.25 each on June 18, 2026.
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Piper Sandler analyst Justin Crowley has reiterated a buy rating on Bar Harbor Bankshares (NYSE American:BHB) with a price target of $41. This reaffirmation came on June 26, 2026, as the stock traded around $37.55.
Piper Sandler vs. the S&P 500
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Bar Harbor Bankshares Stock Down 2.7%
Shares of Bar Harbor Bankshares were trading near $37.55 on Friday. The company has a market capitalization of approximately $628.7 million and a P/E ratio of 15.26. It has a forward P/E of 9.83 and a beta of 0.606, indicating lower volatility compared to the market. The stock's 52-week range spans from $28.06 to $38.04, with a 50-day moving average of $35.13 and a 200-day moving average of $32.63.
$BHB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Bar Harbor Bankshares reported revenue of about $173 million, reflecting a growth rate of 25.7%. The company's net margin was 23.3%, and it achieved a return on equity of 8.0%. The next earnings report is scheduled for July 21, 2026.
Dividend
The company offers an annual dividend rate of $1.30, yielding 3.46% based on current prices. The dividend payout ratio stands at 52.03%.
Insider Buying and Selling at Bar Harbor Bankshares
Several insiders, including CEO Curtis Simard, bought shares on June 18, 2026. Simard acquired 801 shares at an average price of $36.25. Other insiders like John Mogan Williams, David Colter, and Brian Shaw also made purchases at similar prices.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating for Bar Harbor Bankshares with a target price of $41. The consensus among analysts suggests a mean target price of $37.0, with two analysts providing opinions.
About Bar Harbor Bankshares
Bar Harbor Bankshares, based in Bar Harbor, Maine, operates as the holding company for Bar Harbor Bank & Trust. It offers a range of banking services, including deposit accounts and loans for commercial and residential properties. The company also provides financial planning and investment management services. Founded in 1887, it is led by CEO Curtis C. Simard and employs around 530 people.
Bottom Line
Piper Sandler's reaffirmation of a buy rating for Bar Harbor Bankshares suggests confidence in the company's prospects. Investors often track such analyst ratings for insights into potential stock performance. However, it's important to remember that these ratings are backward-looking and should be considered as part of a broader investment strategy.
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