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NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Price, News & Analysis

$11.40
+0.30 (+2.70%)
(As of 03/27/2024 ET)
Today's Range
$11.11
$11.41
50-Day Range
$10.71
$13.83
52-Week Range
$9.66
$14.65
Volume
109,757 shs
Average Volume
74,865 shs
Market Capitalization
$378.59 million
P/E Ratio
17.54
Dividend Yield
4.21%
Price Target
$16.00

Shore Bancshares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
40.4% Upside
$16.00 Price Target
Short Interest
Healthy
0.46% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of Shore Bancshares in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$211,067 Bought Last Quarter
Proj. Earnings Growth
12.75%
From $1.49 to $1.68 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Finance Sector

206th out of 859 stocks

National Commercial Banks Industry

29th out of 84 stocks

SHBI stock logo

About Shore Bancshares Stock (NASDAQ:SHBI)

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.

SHBI Stock Price History

SHBI Stock News Headlines

Shore Bancshares, Inc. (SHBI)
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Shore Bancshares Inc SHBI
SHBI Shore Bancshares, Inc.
University of Maryland, Eastern Shore
Piper Sandler Reaffirms Their Buy Rating on Shore Bancshares (SHBI)
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 2/29 Dividend
2/09/2024
Dividend Payable
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$16.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+40.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$11.23 million
Pretax Margin
5.74%

Debt

Sales & Book Value

Annual Sales
$247.24 million
Cash Flow
$1.21 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
29,458,000
Market Cap
$378.59 million
Optionable
Optionable
Beta
0.92

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Key Executives

  • Ms. Donna J. Stevens (Age 61)
    Executive VP & COO
    Comp: $480.14k
  • Mr. James M. Burke (Age 56)
    President, CEO & Director
  • Mr. Todd L. Capitani (Age 57)
    Executive VP & CFO
  • Charles F. Kade III
    Senior VP & Chief Information Officer
  • Ms. Andrea E. Colender (Age 60)
    Executive VP, Chief Legal Officer & Corporate Secretary
  • Ms. Christy M. Lombardi (Age 47)
    Executive VP & Chief Human Resources Officer
  • Mr. Brian Scot Ebron (Age 55)
    Executive VP & Chief Banking Officer
  • Mr. Charles E. Ruch Jr. (Age 65)
    Executive VP & Chief Credit Officer
  • Mr. Talal Tay (Age 46)
    Executive VP & Chief Risk Officer

SHBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Shore Bancshares stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHBI shares.
View SHBI analyst ratings
or view top-rated stocks.

What is Shore Bancshares' stock price target for 2024?

2 equities research analysts have issued 12-month target prices for Shore Bancshares' stock. Their SHBI share price targets range from $16.00 to $16.00. On average, they expect the company's share price to reach $16.00 in the next year. This suggests a possible upside of 40.4% from the stock's current price.
View analysts price targets for SHBI
or view top-rated stocks among Wall Street analysts.

How have SHBI shares performed in 2024?

Shore Bancshares' stock was trading at $14.25 on January 1st, 2024. Since then, SHBI shares have decreased by 20.0% and is now trading at $11.40.
View the best growth stocks for 2024 here
.

When is Shore Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SHBI earnings forecast
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) announced its quarterly earnings data on Wednesday, January, 31st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The bank had revenue of $49.15 million for the quarter, compared to analyst estimates of $51.20 million. Shore Bancshares had a net margin of 5.82% and a trailing twelve-month return on equity of 6.47%.

How often does Shore Bancshares pay dividends? What is the dividend yield for Shore Bancshares?

Shore Bancshares announced a quarterly dividend on Friday, February 2nd. Investors of record on Monday, February 12th will be paid a dividend of $0.12 per share on Thursday, February 29th. This represents a $0.48 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, February 9th.
Read our dividend analysis for SHBI
.

Is Shore Bancshares a good dividend stock?

Shore Bancshares (NASDAQ:SHBI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.32%. SHBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHBI.

What is Lloyd L. "Scott" Beatty, Jr's approval rating as Shore Bancshares' CEO?

3 employees have rated Shore Bancshares Chief Executive Officer Lloyd L. "Scott" Beatty, Jr on Glassdoor.com. Lloyd L. "Scott" Beatty, Jr has an approval rating of 100% among the company's employees. This puts Lloyd L. "Scott" Beatty, Jr in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Shore Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shore Bancshares investors own include Pure Storage (PSTG), Main Street Capital (MAIN), General Motors (GM), Toll Brothers (TOL), Vector Group (VGR), Vista Outdoor (VSTO), Apple Hospitality REIT (APLE), Boeing (BA), Huntington Bancshares (HBAN) and NVIDIA (NVDA).

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.85%), Vanguard Group Inc. (4.85%), The Manufacturers Life Insurance Company (3.19%), Dimensional Fund Advisors LP (3.15%), Mendon Capital Advisors Corp (0.84%) and Northern Trust Corp (0.83%). Insiders that own company stock include Clyde V Kelly III, David S Jones, David W Moore, Dawn M Willey, Donna J Stevens, John Lamon, Konrad Wayson, Lloyd L Beatty Jr, Michael Brian Adams, R Michael Clemmer and William E Esham III.
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.

This page (NASDAQ:SHBI) was last updated on 3/28/2024 by MarketBeat.com Staff

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