Bar Harbor Bankshares (BHB) has disclosed a new risk, in the Corporate Activity and Growth category.
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Bar Harbor Bankshares faces a significant business risk that could impede its growth prospects due to the potential unavailability of attractive acquisition opportunities in the future. The company is likely to encounter stiff competition from other banking and financial service firms with greater resources, which may drive up acquisition prices. Furthermore, the necessity for regulatory approvals adds another layer of complexity, as failing to secure these could prevent promising transactions. Economic conditions and legislative factors also pose additional challenges, potentially affecting Bar Harbor Bankshares’ ability to expand and impacting its financial health and operational results.
The average BHB stock price target is $35.50, implying 21.12% upside potential.
To learn more about Bar Harbor Bankshares’ risk factors, click here.