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NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Price, News & Analysis

$14.44
+0.13 (+0.91%)
(As of 10/23/2024 ET)

About Shore Bancshares Stock (NASDAQ:SHBI)

Key Stats

Today's Range
$14.20
$14.44
50-Day Range
$13.17
$14.73
52-Week Range
$9.66
$14.99
Volume
48,767 shs
Average Volume
83,171 shs
Market Capitalization
$481.14 million
P/E Ratio
20.06
Dividend Yield
3.32%
Price Target
$15.00
Consensus Rating
Hold

Company Overview

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.

Shore Bancshares Stock Analysis - MarketRank™

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34th Percentile Overall Score

SHBI MarketRank™: 

Shore Bancshares scored higher than 34% of companies evaluated by MarketBeat, and ranked 722nd out of 897 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Shore Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Shore Bancshares has only been the subject of 2 research reports in the past 90 days.

  • Read more about Shore Bancshares' stock forecast and price target.
  • Earnings Growth

    Earnings for Shore Bancshares are expected to decrease by -2.67% in the coming year, from $1.50 to $1.46 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Shore Bancshares is 20.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.98.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Shore Bancshares is 20.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.41.

  • Price to Book Value per Share Ratio

    Shore Bancshares has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Shore Bancshares' valuation and earnings.
  • Percentage of Shares Shorted

    0.62% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shore Bancshares has recently increased by 5.34%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Shore Bancshares pays a meaningful dividend of 3.30%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Shore Bancshares does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Shore Bancshares is 66.67%. 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 32.88% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.

  • Read more about Shore Bancshares' dividend.
  • Percentage of Shares Shorted

    0.62% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shore Bancshares has recently increased by 5.34%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Shore Bancshares has a news sentiment score of 0.42. 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 lower news sentiment than the 0.53 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Shore Bancshares this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for SHBI on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Shore Bancshares insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 8.57% of the stock of Shore Bancshares is held by insiders.

  • 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.

  • Read more about Shore Bancshares' insider trading history.
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SHBI Stock Analysis - Frequently Asked Questions

Shore Bancshares' stock was trading at $14.25 at the beginning of 2024. Since then, SHBI shares have increased by 1.3% and is now trading at $14.44.
View the best growth stocks for 2024 here
.

Shore Bancshares, Inc. (NASDAQ:SHBI) released its quarterly earnings data on Wednesday, October, 27th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The bank had revenue of $18.53 million for the quarter. Shore Bancshares had a net margin of 7.18% and a trailing twelve-month return on equity of 8.37%.

Shore Bancshares' top institutional investors include CWM LLC (0.19%), Assenagon Asset Management S.A. (0.15%), Creative Planning (0.11%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include Lloyd L Beatty Jr, Konrad Wayson, John Lamon, David S Jones, Clyde V Kelly III, R Michael Clemmer, Dawn M Willey, William E Esham III, David W Moore and Donna J Stevens.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Shore Bancshares investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Advanced Micro Devices (AMD) and Arista Networks (ANET).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 8/30 Dividend
8/12/2024
Dividend Payable
8/30/2024
Today
10/23/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:SHBI
Employees
610
Year Founded
1876

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$15.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$11.23 million
Pretax Margin
7.75%

Debt

Sales & Book Value

Annual Sales
$247.24 million
Cash Flow
$1.17 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
30,461,000
Market Cap
$481.14 million
Optionable
Optionable
Beta
0.96

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This page (NASDAQ:SHBI) was last updated on 10/24/2024 by MarketBeat.com Staff
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