NASDAQ:SHBI - Shore Bancshares Stock Price, News, & Analysis

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$15.23 -0.01 (-0.07 %)
(As of 12/9/2018 04:00 PM ET)
Previous Close$15.23
Today's Range$15.02 - $16.0162
52-Week Range$14.87 - $20.09
Volume7,824 shs
Average Volume12,672 shs
Market Capitalization$194.17 million
P/E Ratio11.90
Dividend Yield2.36%
Beta0.33
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. The company operates through two segments, Community Banking, and Insurance Products and Services. 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, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured 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; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans. 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio0.94
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio11.90
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$65.55 million
Price / Sales2.96
Cash Flow$1.1425 per share
Price / Cash Flow13.33
Book Value$12.90 per share
Price / Book1.18

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$11.26 million
Net Margins21.52%
Return on Equity9.80%
Return on Assets1.14%

Miscellaneous

Employees346
Outstanding Shares12,750,000
Market Cap$194.17 million
OptionableNot Optionable

Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

What is Shore Bancshares' stock symbol?

Shore Bancshares trades on the NASDAQ under the ticker symbol "SHBI."

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

Shore Bancshares declared a quarterly dividend on Tuesday, November 6th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.09 per share on Friday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Shore Bancshares's previous quarterly dividend of $0.08. View Shore Bancshares' Dividend History.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) issued its quarterly earnings data on Thursday, October, 18th. The bank reported $0.35 EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.01. The bank had revenue of $17.66 million for the quarter. Shore Bancshares had a net margin of 21.52% and a return on equity of 9.80%. View Shore Bancshares' Earnings History.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Shore Bancshares.

What price target have analysts set for SHBI?

2 brokerages have issued 12-month target prices for Shore Bancshares' stock. Their predictions range from $23.00 to $23.00. On average, they anticipate Shore Bancshares' share price to reach $23.00 in the next year. This suggests a possible upside of 51.0% from the stock's current price. View Analyst Price Targets for Shore Bancshares.

What is the consensus analysts' recommendation for Shore Bancshares?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Shore Bancshares.

Has Shore Bancshares been receiving favorable news coverage?

News coverage about SHBI stock has been trending somewhat positive this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shore Bancshares earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Who are some of Shore Bancshares' key competitors?

Who are Shore Bancshares' key executives?

Shore Bancshares' management team includes the folowing people:
  • Mr. Lloyd L. Beatty Jr., Pres, CEO & Director (Age 65)
  • Mr. Edward Conley Allen Jr., Sr. VP & CFO (Age 70)
  • Ms. Donna J. Stevens, Sr. VP & COO (Age 55)
  • Mr. Patrick M. Bilbrough, CEO & Pres of Shore United Bank (Age 54)
  • Mr. Richard C. Trippe Jr., CEO & Pres of Avon Dixon Agency (Age 55)

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.40%), Vanguard Group Inc. (4.34%), The Manufacturers Life Insurance Company (4.12%), Dimensional Fund Advisors LP (3.32%), Renaissance Technologies LLC (2.94%) and Bridgeway Capital Management Inc. (1.70%). View Institutional Ownership Trends for Shore Bancshares.

Which institutional investors are selling Shore Bancshares stock?

SHBI stock was sold by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Panagora Asset Management Inc., The Manufacturers Life Insurance Company , LSV Asset Management and Acadian Asset Management LLC. View Insider Buying and Selling for Shore Bancshares.

Which institutional investors are buying Shore Bancshares stock?

SHBI stock was purchased by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Vanguard Group Inc., Wells Fargo & Company MN, Bailard Inc. and Globeflex Capital L P. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Shore Bancshares' stock price today?

One share of SHBI stock can currently be purchased for approximately $15.23.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $194.17 million and generates $65.55 million in revenue each year. Shore Bancshares employs 346 workers across the globe.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is http://www.shorebancshares.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]


MarketBeat Community Rating for Shore Bancshares (NASDAQ SHBI)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  116 (Vote Outperform)
Underperform Votes:  139 (Vote Underperform)
Total Votes:  255
MarketBeat's community ratings are surveys of what our community members think about Shore Bancshares and other stocks. Vote "Outperform" if you believe SHBI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHBI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2018 by MarketBeat.com Staff

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