Should I buy or sell Shore Bancshares stock right now?

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

What is Shore Bancshares' stock price target for 2024?

1 analysts have issued 12-month price targets for Shore Bancshares' stock. Their SHBI share price targets range from $16.00 to $16.00. On average, they anticipate the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 57.5% 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 at the beginning of 2024. Since then, SHBI stock has decreased by 28.7% and is now trading at $10.16. View the best growth stocks for 2024 here .

Are investors shorting Shore Bancshares?

Shore Bancshares saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 114,000 shares, a drop of 25.0% from the March 15th total of 152,000 shares. Based on an average trading volume of 80,800 shares, the short-interest ratio is presently 1.4 days. View Shore Bancshares' Short Interest .

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

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

Shore Bancshares declared a quarterly dividend on Friday, February 2nd. Stockholders 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 4.72%. The ex-dividend date 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 4.72%. 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 a number of institutional and retail investors. Top institutional shareholders include Chapin Davis Inc. (0.05%). 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 .

NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Price, News & Analysis

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Free SHBI Stock Alerts

$10.16

+0.08 (+0.79%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.09
▼
$10.19
50-Day Range: $10.08
▼
$11.72
52-Week Range: $9.66
▼
$14.51

Volume: 86,975 shs
Average Volume: 79,165 shs
Market Capitalization: $337.41 million

P/E Ratio: 15.63
Dividend Yield: 4.72%
Price Target: $16.00

Get Shore Bancshares alerts:

Shore Bancshares MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 57.5% Upside
$16.00 Price Target
Short Interest: Healthy
0.34% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
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.

4.84 out of 5 stars

Finance Sector

65th out of 822 stocks

National Commercial Banks Industry

11th out of 77 stocks

3.5

Analyst's Opinion

Consensus Rating
Shore Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Shore Bancshares has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.34% 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 1.4, 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 25.00%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Shore Bancshares is a leading dividend payer. It pays a dividend yield of 4.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Shore Bancshares does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Shore Bancshares is 73.85%. 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 28.57% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHBI.

2.7

News and Social Media Coverage

News Sentiment
Shore Bancshares has a news sentiment score of 0.93. 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 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Shore Bancshares this week, compared to 1 article on an average week.

3.3

Company Ownership

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 $211,067.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
11.30% of the stock of Shore Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.
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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Shore Bancshares are expected to grow by 12.75% in the coming year, from $1.49 to $1.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shore Bancshares is 15.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shore Bancshares is 15.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.67.
Price to Book Value per Share Ratio
Shore Bancshares has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

SHBI Stock News Headlines

April 18, 2024 | americanbankingnews.com

Financial Comparison: UniCredit (OTCMKTS:UNCRY) vs. Shore Bancshares (NASDAQ:SHBI)

March 25, 2024 | finance.yahoo.com

Shore Bancshares, Inc. (SHBI)

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February 6, 2024 | benzinga.com

Shore Bancshares's Ex-Dividend Date Is Friday, Here's What You Need To Know

February 3, 2024 | msn.com

Shore Bancshares Declares Cash Dividend for Shareholders

February 2, 2024 | finance.yahoo.com

Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share

February 2, 2024 | finance.yahoo.com

Shore Bancshares Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

January 24, 2024 | finance.yahoo.com

Institutional investors own a significant stake of 44% in Shore Bancshares, Inc. (NASDAQ:SHBI)

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December 28, 2023 | finance.yahoo.com

Shore Bancshares Third Quarter 2023 Earnings: Misses Expectations

December 2, 2023 | finance.yahoo.com

Independent Director of Shore Bancshares Dawn Willey Buys 36% More Shares

November 22, 2023 | morningstar.com

Shore Bancshares Inc SHBI

November 12, 2023 | finance.yahoo.com

Dividend Investors: Don't Be Too Quick To Buy Shore Bancshares, Inc. (NASDAQ:SHBI) For Its Upcoming Dividend

November 4, 2023 | mirror.co.uk

Geordie Shore star Gary Beadle's wife Emma breaks silence after shock split

November 3, 2023 | finance.yahoo.com

Shore Bancshares Inc (SHBI) Reports Q3 2023 Net Loss of $6.4 Million Due to Merger Activity

October 24, 2023 | seekingalpha.com

SHBI Shore Bancshares, Inc.

October 19, 2023 | finance.yahoo.com

Shore Bancshares (SHBI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

October 18, 2023 | nj.com

2 Jersey Shore towns suffer major erosion from tropical storm

September 29, 2023 | usnews.com

University of Maryland, Eastern Shore

September 24, 2023 | nj.com

The Ultimate ‘Jersey Shore: Family Vacation’ Streaming Guide

August 25, 2023 | finance.yahoo.com

Shore Bancshares (NASDAQ:SHBI) investors are sitting on a loss of 43% if they invested a year ago

August 15, 2023 | msn.com

Janney Montgomery Scott Upgrades Shore Bancshares (SHBI)

July 31, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Shore Bancshares (SHBI)

July 28, 2023 | finance.yahoo.com

Shore Bancshares (SHBI) Misses Q2 Earnings and Revenue Estimates

July 28, 2023 | finance.yahoo.com

Shore Bancshares (SHBI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

July 19, 2023 | finance.yahoo.com

Several Insiders Invested In Shore Bancshares Flagging Positive News

July 11, 2023 | msn.com

Piper Sandler Maintains Shore Bancshares (SHBI) Overweight Recommendation

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: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
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: $16.00
High Stock Price Target: $16.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +57.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.65
Trailing P/E Ratio: 15.63
Forward P/E Ratio: 6.82
P/E Growth: N/A
Net Income: $11.23 million
Net Margins: 5.82%
Pretax Margin: 5.74%
Return on Equity: 6.47%
Return on Assets: 0.59%

Debt

Debt-to-Equity Ratio: 0.08
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $247.24 million
Price / Sales: 1.36
Cash Flow: $1.18 per share
Price / Cash Flow: 8.64
Book Value: $15.42 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 33,210,000
Free Float: 29,458,000
Market Cap: $337.41 million
Optionable: Optionable
Beta: 0.93

Social Links

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Shore Bancshares stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SHBI shares.
View SHBI analyst ratings or view top-rated stocks.
What is Shore Bancshares' stock price target for 2024?: 1 analysts have issued 12-month price targets for Shore Bancshares' stock. Their SHBI share price targets range from $16.00 to $16.00. On average, they anticipate the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 57.5% 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 at the beginning of 2024. Since then, SHBI stock has decreased by 28.7% and is now trading at $10.16.
View the best growth stocks for 2024 here.
Are investors shorting Shore Bancshares?: Shore Bancshares saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 114,000 shares, a drop of 25.0% from the March 15th total of 152,000 shares. Based on an average trading volume of 80,800 shares, the short-interest ratio is presently 1.4 days.
View Shore Bancshares' Short Interest.
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) posted its quarterly earnings data on Wednesday, January, 31st. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The bank had revenue of $49.15 million for the quarter, compared to analysts' expectations of $51.20 million. Shore Bancshares had a trailing twelve-month return on equity of 6.47% and a net margin of 5.82%.

How often does Shore Bancshares pay dividends? What is the dividend yield for Shore Bancshares?: Shore Bancshares declared a quarterly dividend on Friday, February 2nd. Stockholders 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 4.72%. The ex-dividend date 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 4.72%. 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 a number of institutional and retail investors. Top institutional shareholders include Chapin Davis Inc. (0.05%). 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 4/19/2024 by MarketBeat.com Staff

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Shore Bancshares (SHBI) Stock Price, News & Analysis

Shore Bancshares MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Shore Bancshares Stock (NASDAQ:SHBI)

SHBI Stock Price History

SHBI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SHBI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™