Bar Harbor Bankshares ticks up after deal to expand presence in New Hampshire

Bar Harbor Bankshares

12/03/2025 16:41

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))