BHB - Bar Harbor Bankshares: Attractively Valued With A Good Dividend Yield And A Decent Earnings Outlook
- Economic strength in BHB's markets will keep loan growth at a normal level for the remainder of the year.
- The moderately rate-sensitive topline will benefit from an interest rate hike this year. However, the bulk of the benefit will be witnessed next year.
- Higher interest rates will affect credit quality, thereby disallowing any significant reserve releases. As a result, net provisioning will likely normalize this year.
- The December 2022 target price suggests a high upside from the current market price. Further, BHB is offering a high dividend yield for a bank holding company.
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Bar Harbor Bankshares: Attractively Valued With A Good Dividend Yield And A Decent Earnings Outlook