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NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Price, News & Analysis

Shore Bancshares logo
$15.98 +0.18 (+1.14%)
(As of 12/24/2024 01:48 PM ET)

About Shore Bancshares Stock (NASDAQ:SHBI)

Key Stats

Today's Range
$15.73
$15.98
50-Day Range
$14.10
$17.43
52-Week Range
$10.06
$17.61
Volume
32,551 shs
Average Volume
86,518 shs
Market Capitalization
$532.57 million
P/E Ratio
12.78
Dividend Yield
3.00%
Price Target
$20.00
Consensus Rating
Moderate Buy

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.

Shore Bancshares Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
73rd Percentile Overall Score

SHBI MarketRank™: 

Shore Bancshares scored higher than 73% of companies evaluated by MarketBeat, and ranked 379th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Shore Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Shore Bancshares has only been the subject of 1 research reports in the past 90 days.

  • Read more about Shore Bancshares' stock forecast and price target.
  • Earnings Growth

    Earnings for Shore Bancshares are expected to decrease by -5.19% in the coming year, from $1.54 to $1.46 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Shore Bancshares is 12.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.11.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Shore Bancshares is 12.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.09.

  • Price to Book Value per Share Ratio

    Shore Bancshares has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.49% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shore Bancshares has recently increased by 1.37%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Shore Bancshares pays a meaningful dividend of 3.00%, 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 32.88% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.

  • Read more about Shore Bancshares' dividend.
  • Percentage of Shares Shorted

    0.49% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shore Bancshares has recently increased by 1.37%, indicating that investor sentiment is decreasing.
    • 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.

    • Read more about Shore Bancshares' insider trading history.
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    SHBI Stock News Headlines

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    My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
    Shore Bancshares (SHBI) Gets a Hold from KBW
    Shore Bancshares reports Q3 EPS 47c vs. 27c last year
    See More Headlines

    SHBI Stock Analysis - Frequently Asked Questions

    Shore Bancshares' stock was trading at $14.25 on January 1st, 2024. Since then, SHBI stock has increased by 12.1% and is now trading at $15.98.
    View the best growth stocks for 2024 here
    .

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

    Top institutional investors 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
    .

    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.

    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 11/29 Dividend
    11/12/2024
    Dividend Payable
    11/29/2024
    Today
    12/25/2024
    Fiscal Year End
    12/31/2024

    Industry, Sector and Symbol

    Sector
    Finance
    Industry
    National commercial banks
    Sub-Industry
    Banking
    Current Symbol
    NASDAQ:SHBI
    Employees
    610
    Year Founded
    1876

    Price Target and Rating

    Average Stock Price Target
    $20.00
    High Stock Price Target
    $20.00
    Low Stock Price Target
    $20.00
    Potential Upside/Downside
    +25.2%
    Consensus Rating
    Moderate Buy
    Rating Score (0-4)
    2.50
    Research Coverage
    2 Analysts

    Profitability

    Net Income
    $11.23 million
    Pretax Margin
    17.21%

    Debt

    Sales & Book Value

    Annual Sales
    $197.90 million
    Cash Flow
    $1.11 per share
    Book Value
    $15.42 per share

    Miscellaneous

    Free Float
    30,471,000
    Market Cap
    $532.57 million
    Optionable
    Optionable
    Beta
    0.97

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    This page (NASDAQ:SHBI) was last updated on 12/25/2024 by MarketBeat.com Staff
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