Shore Bancshares (SHBI) Stock Price, News & Analysis

Company Overview

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank, N.A. that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers trust, asset management, and financial planning services; treasury management services, such as merchant card processing, remote deposit capture, and ACH origination, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; and automatic teller machine services. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

Key Stats

• Today's Range: $16.44 to $16.72
• 50-Day Range: $13.30 to $16.63
• 52-Week Range: $10.06 to $17.03
• Volume: 77,829 shs
• Average Volume: 85,078 shs
• Market Capitalization: $549.23 million
• P/E Ratio: 13.18
• Dividend Yield: 2.91%
• Price Target: $15.00
• Consensus Rating: Hold

Shore Bancshares Stock Analysis - MarketRank™

Shore Bancshares scored higher than 58% of companies evaluated by MarketBeat, and ranked 537th out of 915 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Shore Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Shore Bancshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -7.79%

Earnings Growth

Earnings for Shore Bancshares are expected to decrease by -7.79% in the coming year, from $1.54 to $1.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shore Bancshares is 13.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shore Bancshares is 13.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.37.

Price to Book Value per Share Ratio

Shore Bancshares has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.53% of the outstanding shares of Shore Bancshares have been sold short.

Short Interest Ratio / Days to Cover

Shore Bancshares has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shore Bancshares has recently decreased by 18.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Shore Bancshares pays a meaningful dividend of 2.97%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Shore Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Shore Bancshares is 38.40%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Shore Bancshares will have a dividend payout ratio of 33.80% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.53% of the outstanding shares of Shore Bancshares have been sold short.

Short Interest Ratio / Days to Cover

Shore Bancshares has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shore Bancshares has recently decreased by 18.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 1.86

News Sentiment

Shore Bancshares has a news sentiment score of 1.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Shore Bancshares this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Shore Bancshares to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Shore Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $50,820.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 8.57% of the stock of Shore Bancshares is held by insiders.

Percentage Held by Institutions

59.76% of the stock of Shore Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SHBI Stock Analysis - Frequently Asked Questions

How have SHBI shares performed this year?

Shore Bancshares' stock was trading at $14.25 on January 1st, 2024. Since then, SHBI stock has increased by 15.6% and is now trading at $16.48.
View the best growth stocks for 2024 here.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) released its quarterly earnings results on Wednesday, October, 27th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The bank earned $18.53 million during the quarter. Shore Bancshares had a trailing twelve-month return on equity of 10.11% and a net margin of 12.85%.

Who are Shore Bancshares' major shareholders?

Top institutional shareholders of Shore Bancshares include Fourthstone LLC (9.99%), The Manufacturers Life Insurance Company (2.89%), Geode Capital Management LLC (2.14%) and State Street Corp (1.61%). Insiders that own company stock include Lloyd L Beatty Jr, John Lamon, Konrad Wayson, David S Jones, Clyde V Kelly III, R Michael Clemmer, Dawn M Willey, William E Esham III, David W Moore and Donna J Stevens.
View institutional ownership trends.

How do I buy shares of Shore Bancshares?

Shares of SHBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Shore Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shore Bancshares investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Advanced Micro Devices (AMD) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 10/27/2021
• Ex-Dividend for 8/30 Dividend: 8/12/2024
• Dividend Payable: 8/30/2024
• Ex-Dividend for 11/29 Dividend: 11/12/2024
• Today: 11/26/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SHBI
• CUSIP: N/A
• CIK: 1035092
• Web: www.shoreunitedbank.com
• Phone: (410) 763-7800
• Fax: 410-820-7180
• Employees: 610
• Year Founded: 1876

Price Target and Rating

• Average Stock Price Target: $15.00
• High Stock Price Target: $15.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: -9.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.25
• Trailing P/E Ratio: 13.18
• Forward P/E Ratio: 10.70
• P/E Growth: N/A
• Net Income: $11.23 million
• Net Margins: 12.85%
• Pretax Margin: 17.21%
• Return on Equity: 10.11%
• Return on Assets: 0.89%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 0.94
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $197.90 million
• Price / Sales: 2.78
• Cash Flow: $1.17 per share
• Price / Cash Flow: 14.06
• Book Value: $15.42 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 33,327,000
• Free Float: 30,471,000
• Market Cap: $549.23 million
• Optionable: Optionable
• Beta: 0.95