Shore Bancshares (SHBI) Projected to Post Quarterly Earnings on Tuesday

Shore Bancshares (NASDAQ:SHBI - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect Shore Bancshares to post earnings of $0.35 per share and revenue of $50.78 million for the quarter.

Shore Bancshares (NASDAQ:SHBI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. Shore Bancshares had a return on equity of 10.40% and a net margin of 13.44%. On average, analysts expect Shore Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shore Bancshares Stock Up 4.0 %

Shares of NASDAQ:SHBI traded up $0.53 on Tuesday, reaching $13.67. The company had a trading volume of 65,109 shares, compared to its average volume of 122,398. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $456.09 million, a P/E ratio of 10.26 and a beta of 0.86. The stock has a 50-day moving average price of $13.46 and a 200 day moving average price of $15.01. Shore Bancshares has a twelve month low of $10.31 and a twelve month high of $17.61.

Shore Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, February 13th. Shore Bancshares's payout ratio is 36.09%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler began coverage on Shore Bancshares in a research report on Thursday, February 6th. They set an "overweight" rating and a $20.00 price objective for the company.

Shore Bancshares Company Profile

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.