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NASDAQ:SHBIShore Bancshares Stock Price, Forecast & News

$9.89
-0.16 (-1.59 %)
(As of 08/11/2020 04:00 PM ET)
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Compare
Today's Range
$9.89
Now: $9.89▼
$10.35
50-Day Range
$9.27
MA: $9.85▼
$11.09
52-Week Range
$7.63
Now: $9.89▼
$17.90
Volume88,600 shs
Average Volume29,567 shs
Market Capitalization$123.86 million
P/E Ratio7.44
Dividend Yield4.78%
Beta0.71
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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Shore Bancshares logo

Beat the Market (BTM) Rank™

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.28 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SHBI
Previous Symbol
CUSIPN/A
CIK1035092
Webwww.shoreunitedbank.com
Phone410-763-7800

Debt

Debt-to-Equity Ratio0.10
Current Ratio1.01
Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio7.44
Forward P/E Ratio9.16
P/E GrowthN/A

Sales & Book Value

Annual Sales$69.79 million
Price / Sales1.77
Cash Flow$1.52 per share
Price / Cash Flow6.50
Book Value$15.20 per share
Price / Book0.65

Profitability

EPS (Most Recent Fiscal Year)$1.28
Net Income$16.20 million
Net Margins23.83%
Return on Equity8.59%
Return on Assets1.07%

Miscellaneous

Employees292
Outstanding Shares12,524,000
Market Cap$123.86 million
Next Earnings Date10/22/2020 (Estimated)
OptionableNot Optionable
$9.89
-0.16 (-1.59 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SHBI shares have decreased by 12.2% and is now trading at $9.89.
View which stocks have been most impacted by Coronavirus.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 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, July, 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.21. The bank earned $15.80 million during the quarter, compared to the consensus estimate of $14.90 million. Shore Bancshares had a net margin of 23.83% and a return on equity of 8.59%.
View Shore Bancshares' earnings history.

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

Shore Bancshares announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Saturday, August 15th will be given a dividend of $0.12 per share on Monday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, August 13th.
View Shore Bancshares' dividend history.

Has Shore Bancshares been receiving favorable news coverage?

Press coverage about SHBI stock has been trending neutral recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 0.2 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Shore Bancshares.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 47,900 shares, an increase of 21.0% from the January 15th total of 39,600 shares. Based on an average trading volume of 15,800 shares, the short-interest ratio is currently 3.0 days. Currently, 0.4% of the shares of the stock are sold short.
View Shore Bancshares' Short Interest.

Who are some of Shore Bancshares' key competitors?

Some companies that are related to Shore Bancshares include CBTX (CBTX), Arrow Financial (AROW), Bridge Bancorp (BDGE), First of Long Island (FLIC), Hanmi Financial (HAFC), Guaranty Bancshares (GNTY), Financial Institutions (FISI), Peoples Financial Services (PFIS), American National BankShares (AMNB), Bat Group (GLG), First Bancorp (FNLC), SmartFinancial (SMBK), Southern First Bancshares (SFST), DNB Financial (DNBF) and LCNB (LCNB).
View all 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), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), General Motors (GM), Ring Energy (REI), Ring Energy (REI), Toll Brothers (TOL), Vector Group (VGR) and Vista Outdoor (VSTO).

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."

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional investors include Fourthstone LLC (9.96%), Russell Investments Group Ltd. (1.38%), LSV Asset Management (1.23%), Strs Ohio (0.24%), New York State Common Retirement Fund (0.06%) and UBS Group AG (0.04%). Company insiders that own Shore Bancshares stock include Donna J Stevens, Jr Charles E Ruch, Lloyd L Beatty, Jr and Michael T Cavey.
View institutional ownership trends for Shore Bancshares.

Which major investors are selling Shore Bancshares stock?

SHBI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, New York State Common Retirement Fund, and UBS Group AG.
View insider buying and selling activity for Shore Bancshares.

Which major investors are buying Shore Bancshares stock?

SHBI stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Fourthstone LLC, and Strs Ohio. Company insiders that have bought Shore Bancshares stock in the last two years include Donna J Stevens, Lloyd L Beatty, Jr, and Michael T Cavey.
View insider buying and selling activity for Shore Bancshares.

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 $9.89.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $123.86 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.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is 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 8/11/2020 by MarketBeat.com Staff
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