Shore Bancshares (NASDAQ:SHBI) Price Target Raised to $22.00 at Hovde Group

Shore Bancshares (NASDAQ:SHBI) had its price target lifted by Hovde Group from $19.00 to $22.00 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the bank’s stock.

Other analysts also recently issued reports about the stock. Piper Sandler upped their price objective on shares of Shore Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Shore Bancshares in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Shore Bancshares from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wall Street Zen downgraded Shore Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.17.

Shore Bancshares Stock Up 1.7%

Shares of SHBI stock opened at $19.75 on Tuesday. Shore Bancshares has a fifty-two week low of $11.47 and a fifty-two week high of $19.94. The firm has a market capitalization of $660.24 million, a PE ratio of 11.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.96. The stock’s 50-day simple moving average is $18.16 and its 200-day simple moving average is $16.93.

Shore Bancshares (NASDAQ:SHBI) last released its earnings results on Wednesday, January 28th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Shore Bancshares had a return on equity of 11.62% and a net margin of 17.36%.The firm had revenue of $59.20 million during the quarter, compared to the consensus estimate of $57.55 million. Equities analysts expect that Shore Bancshares will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Aaron Michael Kaslow acquired 6,500 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $15.56 per share, with a total value of $101,140.00. Following the completion of the acquisition, the executive vice president owned 6,500 shares of the company’s stock, valued at approximately $101,140. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 7,700 shares of company stock worth $121,994 in the last quarter. 8.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shore Bancshares

A number of institutional investors have recently modified their holdings of the business. IFP Advisors Inc raised its holdings in Shore Bancshares by 31,320.0% in the 2nd quarter. IFP Advisors Inc now owns 1,571 shares of the bank’s stock worth $25,000 after purchasing an additional 1,566 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Shore Bancshares during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new position in shares of Shore Bancshares during the 4th quarter worth approximately $48,000. PNC Financial Services Group Inc. lifted its position in shares of Shore Bancshares by 108.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the bank’s stock valued at $47,000 after buying an additional 1,571 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Shore Bancshares by 168.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,471 shares of the bank’s stock valued at $57,000 after acquiring an additional 2,179 shares during the period. 59.76% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Shore Bancshares

Here are the key news stories impacting Shore Bancshares this week:

• Positive Sentiment: Piper Sandler initiated a Buy on SHBI, adding institutional endorsement that can attract new investor demand and support the rally. Shore Bancshares (SHBI) Gets a Buy from Piper Sandler
• Positive Sentiment: Hovde Group raised its price target to $22 and kept an “outperform” rating — implying ~11% upside from current levels — reinforcing bullish analyst sentiment and giving traders a clear upside benchmark. TickerReport: Hovde Group raises price target
• Positive Sentiment: Keefe, Bruyette & Woods also raised its target to $20 with an “outperform” view, adding to the consensus upgrade trend (smaller implied upside but incremental validation). Benzinga: KBW raises target
• Positive Sentiment: Zacks moved SHBI to a Rank #2 (Buy), signaling improving earnings expectations that may prompt short-term buying from retail and quant-driven funds. Zacks: SHBI upgraded to Buy
• Positive Sentiment: Shore reported its 2025 Q4 and full-year results (quarterly EPS and revenue exceeded estimates) and released an investor presentation that highlights core performance metrics — these fundamentals-supporting results underpin the analyst upgrades and the stock’s strength. Press release: Q4 & annual results Investor presentation: Q4 2025 performance
• Neutral Sentiment: A Zacks feature notes SHBI is at a 52-week high and examines whether further upside is likely; this piece is analytical rather than news-driving, useful for investors assessing if momentum is overextended. Zacks: 52-week high analysis

About Shore Bancshares

Shore Bancshares, Inc (NASDAQ: SHBI) is the bank holding company for Shore Community Bank, a commercial bank headquartered in Mount Holly, New Jersey. The company provides a full suite of banking and financial services to individuals and businesses, including deposit accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Shore Bancshares focuses on delivering community-oriented banking services with an emphasis on personalized customer relationships.

Shore Community Bank’s lending portfolio includes commercial real estate, construction loans, agricultural loans, small business loans under government-sponsored programs, and conventional residential mortgages.