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NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Forecast, Price & News

$11.30
+0.04 (+0.36%)
(As of 11:34 AM ET)
Compare
Today's Range
$11.14
$11.44
50-Day Range
$10.75
$14.52
52-Week Range
$10.65
$20.85
Volume
10,718 shs
Average Volume
68,374 shs
Market Capitalization
$224.87 million
P/E Ratio
7.02
Dividend Yield
4.25%
Price Target
$19.00

Shore Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
68.7% Upside
$19.00 Price Target
Short Interest
Healthy
1.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$54,609 Bought Last Quarter
Proj. Earnings Growth
8.88%
From $1.69 to $1.84 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Finance Sector

57th out of 901 stocks

National Commercial Banks Industry

12th out of 85 stocks


SHBI stock logo

About Shore Bancshares (NASDAQ:SHBI) Stock

Shore Bancshares, Inc. is a financial holding company, which engages in the provision of commercial banking products and services to individuals and businesses. Its services include checking accounts, various savings programs, mortgage loans, home improvement loans, installment and other personal loans, credit cards, personal lines of credit, automobile and other consumer financing, safe deposit boxes, debit cards, 24-hour telephone banking, internet banking, mobile banking, and 24-hour automatic teller machine services. It also offers commercial checking, savings, certificates of deposit, and overnight investment sweep accounts. The company was founded on March 15, 1996 and is headquartered in Easton, MD.

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SHBI Stock News Headlines

StockNews.com Lowers Shore Bancshares (NASDAQ:SHBI) to Sell
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
Shore Bancshares (NASDAQ:SHBI) Upgraded at StockNews.com
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
KBW Sticks to Their Hold Rating for Shore Bancshares (SHBI)
Shore Bancshares Reports 2022 Financial Results
See More Headlines

SHBI Price History

SHBI Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 5/31 Dividend
5/11/2023
Dividend Payable
5/31/2023
Today
6/01/2023
Next Earnings (Estimated)
7/27/2023
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
454
Year Founded
1876

Price Target and Rating

Average Stock Price Forecast
$19.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+69.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$31.18 million
Pretax Margin
29.59%

Debt

Sales & Book Value

Annual Sales
$136.93 million
Cash Flow
$1.99 per share
Book Value
$18.17 per share

Miscellaneous

Free Float
17,649,000
Market Cap
$222.88 million
Optionable
Not Optionable
Beta
0.88

Social Links


Key Executives

  • Lloyd L. Beatty
    President, Chief Executive Officer & Director
  • Donna J. Stevens
    Chief Operating Officer & Executive Vice President
  • Vance W. Adkins
    Chief Financial Officer
  • Timothy J. Berrigan
    Chief Information Officer & Vice President
  • William David Morse
    Executive Vice President & General counsel













SHBI Stock - Frequently Asked Questions

Should I buy or sell Shore Bancshares stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SHBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHBI, but not buy additional shares or sell existing shares.
View SHBI analyst ratings
or view top-rated stocks.

What is Shore Bancshares' stock price forecast for 2023?

3 analysts have issued 1-year price objectives for Shore Bancshares' stock. Their SHBI share price forecasts range from $16.00 to $22.00. On average, they expect the company's share price to reach $19.00 in the next year. This suggests a possible upside of 69.6% 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 at the start of the year. Since then, SHBI stock has decreased by 35.7% and is now trading at $11.20.
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, July 27th 2023.
View our SHBI earnings forecast
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) posted its quarterly earnings results on Wednesday, October, 27th. The bank reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The bank earned $18.53 million during the quarter. Shore Bancshares had a net margin of 21.79% and a trailing twelve-month return on equity of 9.34%.

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

Shore Bancshares announced a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Saturday, May 13th will be given a dividend of $0.12 per share on Wednesday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for SHBI
.

What ETFs hold Shore Bancshares' stock?
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 4.21%. SHBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 26.09% 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.74%), Fourthstone LLC (7.65%), Dimensional Fund Advisors LP (4.27%), Geode Capital Management LLC (1.67%), State Street Corp (1.66%) and Renaissance Technologies LLC (1.16%). 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 $11.20.

How much money does Shore Bancshares make?

Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $222.88 million and generates $136.93 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.61 on an earnings per share basis.

How many employees does Shore Bancshares have?

The company employs 454 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 6/1/2023 by MarketBeat.com Staff

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