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NASDAQ:SHBIShore Bancshares Stock Price, Forecast & News

$8.59
-0.88 (-9.29 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$8.48
Now: $8.59
$9.06
50-Day Range
$7.79
MA: $13.13
$16.26
52-Week Range
$7.63
Now: $8.59
$17.90
Volume19,500 shs
Average Volume22,809 shs
Market Capitalization$107.55 million
P/E Ratio6.76
Dividend Yield5.07%
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, 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$69.79 million
Cash Flow$1.43 per share
Book Value$15.20 per share

Profitability

Net Income$16.20 million

Miscellaneous

Employees292
Market Cap$107.55 million
Next Earnings Date4/23/2020 (Estimated)
OptionableNot Optionable

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Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

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

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 decreased by 23.8% and is now trading at $8.59. View which stocks have been mosted impacted by Coronavirus.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. 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 Thursday, January, 30th. The bank reported $0.32 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.32. The bank earned $15.46 million during the quarter. Shore Bancshares had a return on equity of 8.51% and a net margin of 23.21%. View Shore Bancshares' earnings history.

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

Shore Bancshares declared a quarterly dividend on Monday, February 10th. Investors of record on Thursday, February 20th will be given a dividend of $0.12 per share on Wednesday, March 4th. This represents a $0.48 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Wednesday, February 19th. View Shore Bancshares' dividend history.

Has Shore Bancshares been receiving favorable news coverage?

News headlines about SHBI stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Shore Bancshares earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutShore Bancshares.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 82,000 shares, an increase of 49.9% from the February 27th total of 54,700 shares. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is presently 3.3 days. Approximately 0.7% of the shares of the stock are short sold. View Shore Bancshares' Current Options Chain.

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 Huntington Bancshares (HBAN), People's United Financial (PBCT), KeyCorp (KEY), Pattern Energy Group (PEGI), Primo Water (PRMW), Sabre (SABR), Sirius XM (SIRI), SLM (SLM), Walgreens Boots Alliance (WBA) and Wendys (WEN).

Who are Shore Bancshares' key executives?

Shore Bancshares' management team includes the following people:
  • Mr. Lloyd L. Beatty Jr., Pres, CEO & Director (Age 66)
  • Mr. Edward Conley Allen Jr., Sr. VP & CFO (Age 71)
  • Ms. Donna J. Stevens, Sr. VP & COO (Age 56)
  • Mr. Timothy J. Berrigan, VP & Chief Information Officer
  • Mr. W. David Morse, Sec. & Gen. Counsel (Age 57)

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Shore Bancshares' stock price today?

One share of SHBI stock can currently be purchased for approximately $8.59.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $107.55 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. Shore Bancshares employs 292 workers across the globe. View additional information about Shore Bancshares.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is http://www.shoreunitedbank.com/.

How can I contact Shore Bancshares?

Shore Bancshares' mailing address is 28969 INFORMATION LANE, 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 4/4/2020 by MarketBeat.com Staff

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