NASDAQ:SHBI

Shore Bancshares Stock Forecast, Price & News

$16.79
-0.07 (-0.42 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$16.73
Now: $16.79
$16.89
50-Day Range
$15.30
MA: $16.92
$17.97
52-Week Range
$8.00
Now: $16.79
$18.10
Volume29,627 shs
Average Volume54,832 shs
Market Capitalization$197.32 million
P/E Ratio13.22
Dividend Yield2.81%
Beta0.93
Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. It offers various deposit products, including checking, savings, 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 comprising home equity, automobile, installment, home improvement, and personal lines of credit. In addition, it offers safe deposit boxes; debit and credit cards; direct deposit of payroll; merchant credit card clearing services; telephone, mobile, and Internet banking services; and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. It operates 21 full service branches, 23 ATMs, 2 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Worcester, and Dorchester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.
Shore Bancshares logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SHBI
CUSIPN/A
Phone410-763-7800
Employees294
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$69.79 million
Cash Flow$1.73 per share
Book Value$15.20 per share

Profitability

Net Income$16.20 million

Miscellaneous

Market Cap$197.32 million
Next Earnings Date4/29/2021 (Estimated)
OptionableNot Optionable

Headlines

Shore Bancshares Inc. Outperform
March 10, 2021 |  markets.businessinsider.com
Shore Bancshares launches new stock repurchase plan
November 24, 2020 |  seekingalpha.com
Shore Bancshares Announces Stock Repurchase Plan
November 24, 2020 |  finance.yahoo.com
Shore Bancshares EPS beats by $0.09, beats on revenue
October 22, 2020 |  seekingalpha.com
See More Headlines

MarketRank

Overall MarketRank

2.02 out of 5 stars

Finance Sector

173rd out of 1,955 stocks

National Commercial Banks Industry

26th out of 164 stocks

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$16.79
-0.07 (-0.42 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

Is Shore Bancshares a buy right now?

1 Wall Street 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 analysts is that investors should "buy" Shore Bancshares stock.
View analyst ratings for Shore Bancshares
or view top-rated stocks.

What stocks does MarketBeat like better than Shore Bancshares?

Wall Street analysts have given Shore Bancshares a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shore Bancshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 676,800 shares, an increase of 298.8% from the February 28th total of 169,700 shares. Based on an average daily trading volume, of 51,100 shares, the short-interest ratio is presently 13.2 days. Currently, 5.9% of the company's stock are sold short.
View Shore Bancshares' Short Interest
.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Shore Bancshares
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) issued its quarterly earnings data on Wednesday, January, 27th. The bank reported $0.32 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.08. The bank earned $16.85 million during the quarter, compared to the consensus estimate of $15.99 million. Shore Bancshares had a trailing twelve-month return on equity of 8.05% and a net margin of 22.74%.
View Shore Bancshares' earnings history
.

How has Shore Bancshares' stock been impacted by Coronavirus (COVID-19)?

Shore Bancshares' stock was trading at $11.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SHBI stock has increased by 49.0% and is now trading at $16.79.
View which stocks have been most impacted by COVID-19
.

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

Shore Bancshares announced a quarterly dividend on Wednesday, February 3rd. Stockholders of record on Monday, February 15th will be given a dividend of $0.12 per share on Monday, March 1st. This represents a $0.48 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, February 11th.
View Shore Bancshares' dividend history
.

Is Shore Bancshares a good dividend stock?

Shore Bancshares pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.81%. Shore Bancshares does not yet have a strock track record of dividend growth. The dividend payout ratio of Shore Bancshares is 37.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Shore Bancshares will have a dividend payout ratio of 51.06% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.
View Shore Bancshares' dividend history.

What price target have analysts set for SHBI?

1 analysts have issued 12-month target prices for Shore Bancshares' shares. Their forecasts range from $20.00 to $20.00. On average, they expect Shore Bancshares' share price to reach $20.00 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
View analysts' price targets for Shore Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Shore Bancshares' key executives?

Shore Bancshares' management team includes the following people:
  • Mr. Lloyd L. Beatty Jr., Pres, CEO & Director (Age 68, Pay $674.27k)
  • Mr. Edward Conley Allen Jr., Exec. VP & CFO (Age 73, Pay $326.73k)
  • Ms. Donna J. Stevens, Exec. VP & COO (Age 58, Pay $332.43k)
  • Mr. W. David Morse, Exec. VP, Gen. Counsel & Sec. (Age 59)

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

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

Who are some of Shore Bancshares' key competitors?

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), The 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."

How do I buy shares of Shore Bancshares?

Shares of SHBI 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 $16.79.

How much money does Shore Bancshares make?

Shore Bancshares has a market capitalization of $197.32 million and generates $69.79 million in revenue each year. The bank earns $16.20 million in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Shore Bancshares have?

Shore Bancshares employs 294 workers across the globe.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is www.shoreunitedbank.com.

Where are Shore Bancshares' headquarters?

Shore Bancshares is headquartered at 18 E. DOVER STREET EASTON MARYLAND, EASTON MD, 21601.

How can I contact Shore Bancshares?

Shore Bancshares' mailing address is 18 E. DOVER STREET EASTON MARYLAND, EASTON MD, 21601. The bank can be reached via phone at 410-763-7800 or via email at [email protected]


This page was last updated on 4/17/2021 by MarketBeat.com Staff
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