Bar Harbor Bankshares ticks up after deal to expand presence in New Hampshire
ReutersMar 12, 2025 4:41 PM
Bar Harbor Bankshares' BHB.A shares rise 1.8% to $29.83
Maine-based community bank late Tuesday announced it will acquire smaller rival Guaranty Bancorp GUAA.PK in a $41.6 million all-stock deal to boost its New Hampshire presence
The transaction, expected to close in second half of 2025, will boost BHB's EPS by ~30.6% in 2026
Piper Sandler hails transaction, saying it is exactly the kind of deal BHB should be doing
Adds that GUAA appears to be "pretty plain vanilla" community bank, with less exposure to commercial real estate
Two analysts covering the stock rate it "hold"; median PT is $35.50 - data compiled by LSEG
BHB stock down 3% YTD
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