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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
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Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
Overlooked AI Stock Gets Urgent "Buy" (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
Overlooked AI Stock Gets Urgent "Buy" (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
Overlooked AI Stock Gets Urgent "Buy" (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Forecast, Price & News

$10.30
-0.29 (-2.74%)
(As of 09/27/2023 ET)
Compare
Today's Range
$10.27
$10.63
50-Day Range
$10.30
$13.20
52-Week Range
$10.27
$20.85
Volume
62,547 shs
Average Volume
93,740 shs
Market Capitalization
$341.17 million
P/E Ratio
7.20
Dividend Yield
4.66%
Price Target
$16.00

Shore Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
55.3% Upside
$16.00 Price Target
Short Interest
Healthy
0.57% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Shore Bancshares in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$28,502 Bought Last Quarter
Proj. Earnings Growth
21.32%
From $1.36 to $1.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.59 out of 5 stars

Finance Sector

3rd out of 853 stocks

National Commercial Banks Industry

3rd out of 87 stocks


SHBI stock logo

About Shore Bancshares (NASDAQ:SHBI) Stock

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank 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 non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine services. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

SHBI Price History

SHBI Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Piper Sandler Reaffirms Their Buy Rating on Shore Bancshares (SHBI)
ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing
In just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.
KBW Sticks to Their Hold Rating for Shore Bancshares (SHBI)
See More Headlines
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SHBI Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/31 Dividend
8/03/2023
Dividend Payable
8/31/2023
Today
9/28/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SHBI
Employees
464
Year Founded
1876

Price Target and Rating

Average Stock Price Forecast
$16.00
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+55.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$31.18 million
Pretax Margin
24.84%

Debt

Sales & Book Value

Annual Sales
$124.25 million
Cash Flow
$1.98 per share
Book Value
$18.35 per share

Miscellaneous

Free Float
29,380,000
Market Cap
$341.17 million
Optionable
Not Optionable
Beta
0.89

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Key Executives

  • Ms. Donna J. Stevens (Age 60)
    Exec. VP & COO
    Comp: $480.14k
  • Mr. James M. Burke (Age 55)
    Pres, CEO & Director
  • Mr. Todd L. Capitani (Age 56)
    Exec. VP & CFO
  • Charles F. Kade III
    Sr. VP & Chief Information Officer
  • Ms. Andrea E. Colender (Age 59)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Christy M. Lombardi (Age 46)
    Exec. VP & Chief HR Officer
  • Mr. Brian Scot Ebron
    Exec. VP & Chief Banking Officer
  • Mr. Charles E. Ruch Jr. (Age 64)
    Exec. VP & Chief Credit Officer
  • Mr. Talal Tay (Age 45)
    Exec. VP & Chief Risk Officer













SHBI Stock - Frequently Asked Questions

Should I buy or sell Shore Bancshares stock right now?

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

What is Shore Bancshares' stock price forecast for 2023?

3 Wall Street analysts have issued 1 year target prices for Shore Bancshares' stock. Their SHBI share price forecasts range from $16.00 to $16.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 55.3% 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 2023?

Shore Bancshares' stock was trading at $17.43 on January 1st, 2023. Since then, SHBI stock has decreased by 40.9% and is now trading at $10.30.
View the best growth stocks for 2023 here
.

When is Shore Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our SHBI earnings forecast
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) released its earnings results on Thursday, July, 27th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.07. The bank earned $27.84 million during the quarter, compared to analysts' expectations of $30.31 million. Shore Bancshares had a trailing twelve-month return on equity of 8.50% and a net margin of 18.25%.

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

Shore Bancshares announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, August 4th will be given a dividend of $0.12 per share on Thursday, August 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Thursday, August 3rd.
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 4.60%. SHBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 29.09% 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).

What is Shore Bancshares' stock symbol?

Shore Bancshares trades on the NASDAQ under the ticker symbol "SHBI."

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.30%), Fourthstone LLC (9.95%), FJ Capital Management LLC (4.99%), Dimensional Fund Advisors LP (3.85%), The Manufacturers Life Insurance Company (2.80%) and Alliancebernstein L.P. (2.03%). Insiders that own company stock include David W Moore, Dawn M Willey, Donna J Stevens, John Lamon, Konrad Wayson, Lloyd L Beatty Jr, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shore Bancshares' stock price today?

One share of SHBI stock can currently be purchased for approximately $10.30.

How much money does Shore Bancshares make?

Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $341.17 million and generates $124.25 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.43 on an earnings per share basis.

How many employees does Shore Bancshares have?

The company employs 464 workers across the globe.

How can I contact Shore Bancshares?

Shore Bancshares' mailing address is 18 E. DOVER STREET EASTON MARYLAND, EASTON MD, 21601. The official website for the company is www.shoreunitedbank.com. The bank can be reached via phone at (410) 763-7800, via email at edward.allen@shbi.com, or via fax at 410-820-7180.

This page (NASDAQ:SHBI) was last updated on 9/28/2023 by MarketBeat.com Staff

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