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
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$10.63
50-Day Range: $10.30
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$13.20
52-Week Range: $10.27
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$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: 0.93
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

3.3

Analyst's Opinion

Consensus Rating
Shore Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, Shore Bancshares has a forecasted upside of 55.3% from its current price of $10.30.
Amount of Analyst Coverage
Shore Bancshares has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.57% 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 1.5, 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 2.24%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Shore Bancshares is a leading dividend payer. It pays a dividend yield of 4.60%, 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 33.57%. 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 29.09% 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.

3.3

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 0.71 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.
Search Interest
Only 1 people have searched for SHBI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
2 people have added Shore Bancshares to their MarketBeat watchlist in the last 30 days.

4.2

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 $28,502.00 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
64.77% of the stock of Shore Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Shore Bancshares are expected to grow by 21.32% in the coming year, from $1.36 to $1.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shore Bancshares is 7.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shore Bancshares is 7.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 87.95.
Price to Book Value per Share Ratio
Shore Bancshares has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SHBI Stock News Headlines

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

September 28, 2023 | Chaikin Analytics (Ad)

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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

September 28, 2023 | Legacy Research (Ad)

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July 11, 2023 | msn.com

Piper Sandler Maintains Shore Bancshares (SHBI) Overweight Recommendation

July 3, 2023 | finance.yahoo.com

Shore Bancshares, Inc. and The Community Financial Corporation Complete Merger

June 20, 2023 | finance.yahoo.com

Shore Bancshares, Inc. and The Community Financial Corporation Announce Receipt of Shareholder Approval for Merger of Equals

June 6, 2023 | finance.yahoo.com

Institutional investors own a significant stake of 46% in Shore Bancshares, Inc. (NASDAQ:SHBI)

May 7, 2023 | finance.yahoo.com

Shore Bancshares (NASDAQ:SHBI) Will Pay A Dividend Of $0.12

May 4, 2023 | msn.com

Shore Bancshares (SHBI) Declares $0.12 Dividend

April 27, 2023 | benzinga.com

SHAREHOLDER ALERT: Weiss Law Reminds MLVF, SHBI, CBIO, and TA Shareholders About Its Ongoing Investigations

April 27, 2023 | finance.yahoo.com

Shore Bancshares (SHBI) Misses Q1 Earnings and Revenue Estimates

April 27, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TCFC, INDT, PTRS, INFI

April 25, 2023 | finance.yahoo.com

The Community Financial Corporation Reports EPS of $1.30 and ROAA of 1.21% For the First Quarter 2023

April 13, 2023 | msn.com

Down -7.32% in 4 Weeks, Here's Why You Should You Buy the Dip in Shore Bancshares (SHBI)

April 6, 2023 | markets.businessinsider.com

KBW Sticks to Their Hold Rating for Shore Bancshares (SHBI)

April 6, 2023 | msn.com

Keefe, Bruyette & Woods Maintains Shore Bancshares (SHBI) Market Perform Recommendation

March 30, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, CBIO, AQUA, LBC

March 5, 2023 | finance.yahoo.com

Shareholders in Shore Bancshares (NASDAQ:SHBI) are in the red if they invested a year ago

February 16, 2023 | nasdaq.com

Fourthstone Now Owns 8.80% of Shore Bancshares (SHBI)

February 13, 2023 | msn.com

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

February 12, 2023 | finance.yahoo.com

Shore Bancshares (NASDAQ:SHBI) Has Affirmed Its Dividend Of $0.12

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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:SHBI
CUSIP: N/A
CIK: 1035092
Web: www.shoreunitedbank.com
Phone: (410) 763-7800
Fax: 410-820-7180
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

EPS (Most Recent Fiscal Year): $1.43
Trailing P/E Ratio: 7.20
Forward P/E Ratio: 7.57
P/E Growth: N/A
Net Income: $31.18 million
Net Margins: 18.25%
Pretax Margin: 24.84%
Return on Equity: 8.50%
Return on Assets: 0.87%

Debt

Debt-to-Equity Ratio: 0.88
Current Ratio: 0.95
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $124.25 million
Price / Sales: 2.75
Cash Flow: $1.98 per share
Price / Cash Flow: 5.20
Book Value: $18.35 per share
Price / Book: 0.56

Miscellaneous

Outstanding Shares: 33,123,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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