NASDAQ:SHBI Shore Bancshares - SHBI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Shore Bancshares, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $14.16 -0.17 (-1.19%) (As of 03/23/2023 12:00 AM ET) Add Compare Share Share Today's Range$14.00▼$14.5550-Day Range$14.14▼$18.0252-Week Range$14.00▼$21.21Volume83,278 shsAverage Volume69,875 shsMarket Capitalization$281.08 millionP/E Ratio9.02Dividend Yield3.39%Price Target$20.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Shore Bancshares MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside41.2% Upside$20.00 Price TargetShort InterestHealthy0.92% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$122,436 Bought Last QuarterProj. Earnings Growth9.04%From $1.88 to $2.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.82 out of 5 starsFinance Sector196th out of 876 stocksNational Commercial Banks Industry31st out of 85 stocks 3.2 Analyst's Opinion Consensus RatingShore Bancshares has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.00, Shore Bancshares has a forecasted upside of 41.2% from its current price of $14.16.Amount of Analyst CoverageShore Bancshares has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.92% of the outstanding shares of Shore Bancshares have been sold short.Short Interest Ratio / Days to CoverShore Bancshares has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shore Bancshares has recently increased by 1.05%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldShore Bancshares pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthShore Bancshares does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Shore Bancshares is 30.57%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Shore Bancshares will have a dividend payout ratio of 23.41% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SHBI. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Shore Bancshares this week, compared to 1 article on an average week. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shore Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $122,436.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders11.10% 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 Institutions60.45% of the stock of Shore Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Shore Bancshares are expected to grow by 9.04% in the coming year, from $1.88 to $2.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shore Bancshares is 9.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Shore Bancshares is 9.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 139.96.Price to Book Value per Share RatioShore Bancshares has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Shore Bancshares (NASDAQ:SHBI) StockShore Bancshares, Inc. is a financial holding company, which engages in the provision of commercial banking products and services to individuals and businesses. Its services include checking accounts, various savings programs, mortgage loans, home improvement loans, installment and other personal loans, credit cards, personal lines of credit, automobile and other consumer financing, safe deposit boxes, debit cards, 24-hour telephone banking, internet banking, mobile banking, and 24-hour automatic teller machine services. It also offers commercial checking, savings, certificates of deposit, and overnight investment sweep accounts. The company was founded on March 15, 1996 and is headquartered in Easton, MD.Read More Receive SHBI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Shore Bancshares and its competitors with MarketBeat's FREE daily newsletter. Email Address SHBI Stock News HeadlinesMarch 19, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Shore Bancshares (NASDAQ:SHBI)March 5, 2023 | finance.yahoo.comShareholders in Shore Bancshares (NASDAQ:SHBI) are in the red if they invested a year agoMarch 23, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!February 16, 2023 | nasdaq.comFourthstone Now Owns 8.80% of Shore Bancshares (SHBI)February 13, 2023 | msn.comShore Bancshares's Ex-Dividend Date Is Thursday, Here's What You Need To KnowFebruary 12, 2023 | finance.yahoo.comShore Bancshares (NASDAQ:SHBI) Has Affirmed Its Dividend Of $0.12February 9, 2023 | finance.yahoo.comThe Independent Director of Shore Bancshares, Inc. (NASDAQ:SHBI), Dawn Willey, Just Bought 31% More SharesJanuary 28, 2023 | finance.yahoo.comDoes Shore Bancshares (NASDAQ:SHBI) Deserve A Spot On Your Watchlist?March 23, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …January 27, 2023 | finance.yahoo.comShore Bancshares Reports 2022 Financial ResultsJanuary 26, 2023 | finance.yahoo.comShore Bancshares (SHBI) Lags Q4 Earnings and Revenue EstimatesJanuary 26, 2023 | msn.comShore Bancshares GAAP EPS of $0.42 misses by $0.07, revenue of $32.8M misses by $0.77MJanuary 2, 2023 | finance.yahoo.comAfter Plunging -12.41% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)December 28, 2022 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HZNP, MLVF, TCFC, SHBIDecember 28, 2022 | finance.yahoo.comShore Bancshares, Inc. (NASDAQ:SHBI) is definitely on the radar of institutional investors who own 43% of the companyDecember 21, 2022 | finance.yahoo.comShore United continues expansion with $254 million dealDecember 19, 2022 | apnews.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TCFC, SHBI, MAXR, TIGDecember 17, 2022 | benzinga.comLifshitz Law PLLC Announces Investigations of TCFC, FRBA, TIG, and MAXRDecember 16, 2022 | benzinga.comSHAREHOLDER ALERT: Weiss Law Investigates Shore Bancshares, Inc.December 16, 2022 | finance.yahoo.comAfter Plunging 12.8% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)December 15, 2022 | finance.yahoo.comBest Momentum Stock to Buy for December 15thDecember 15, 2022 | finance.yahoo.comShore Bancshares (SHBI) Upgraded to Strong Buy: Here's WhyDecember 15, 2022 | technews.tmcnet.comSHBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Shore Bancshares, Inc. Is Fair to ShareholdersDecember 14, 2022 | marketwatch.comShore Bancshares in Merger Deal With The Community Financial Corp.December 14, 2022 | finance.yahoo.comShore Bancshares, Inc. and The Community Financial Corporation Announce Merger of Equals; Creates One of Maryland's Top Community Banks with Approximately $6 Billion in AssetsDecember 13, 2022 | msn.comBenzinga's Top Ratings Upgrades, Downgrades For December 13, 2022November 21, 2022 | finance.yahoo.comZacks.com featured highlights include Pearson, A10 Networks, Carlyle Secured Lending and Shore BancsharesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SHBI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Shore Bancshares and its competitors with MarketBeat's FREE daily newsletter. Email Address SHBI Company Calendar Last Earnings10/27/2021Ex-Dividend for 2/28 Dividend2/16/2023Dividend Payable2/28/2023Today3/23/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry National commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SHBI CUSIPN/A CIK1035092 Webwww.shoreunitedbank.com Phone(410) 763-7800Fax410-820-7180Employees454Year Founded1876Price Target and Rating Average Stock Price Forecast$20.00 High Stock Price Forecast$22.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+40.6%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.57 Trailing P/E Ratio9.06 Forward P/E Ratio7.56 P/E GrowthN/ANet Income$31.18 million Net Margins22.77% Pretax Margin27.53% Return on Equity9.25% Return on Assets0.95% Debt Debt-to-Equity Ratio0.15 Current Ratio0.85 Quick Ratio0.85 Sales & Book Value Annual Sales$124.39 million Price / Sales2.27 Cash Flow$1.01 per share Price / Cash Flow14.06 Book Value$17.71 per share Price / Book0.80Miscellaneous Outstanding Shares19,850,000Free Float17,647,000Market Cap$282.27 million OptionableNot Optionable Beta0.89 Social Links Key ExecutivesLloyd L. BeattyPresident, Chief Executive Officer & DirectorDonna J. StevensChief Operating Officer & Executive Vice PresidentVance W. AdkinsChief Financial OfficerTimothy J. BerriganChief Information Officer & Vice PresidentWilliam David MorseExecutive Vice President & General counselKey CompetitorsFirst BancorpNASDAQ:FNLCNewtekOneNASDAQ:NEWTSouthern First BancsharesNASDAQ:SFSTFidelity D & D BancorpNASDAQ:FDBCPeoples Financial ServicesNASDAQ:PFISView All CompetitorsInsiders & InstitutionsWilliam E Esham IIIBought 1,403 shares on 2/27/2023Total: $24,061.45 ($17.15/share)Morgan StanleyBought 7,787 shares on 2/15/2023Ownership: 0.934%Millennium Management LLCBought 31,552 shares on 2/15/2023Ownership: 0.273%Two Sigma Investments LPSold 13,914 shares on 2/14/2023Ownership: 0.262%Price T Rowe Associates Inc. MDBought 5,264 shares on 2/14/2023Ownership: 0.198%View All Insider TransactionsView All Institutional Transactions SHBI Stock - Frequently Asked Questions Should I buy or sell Shore Bancshares stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SHBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHBI, but not buy additional shares or sell existing 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 12 month price targets for Shore Bancshares' stock. Their SHBI share price forecasts range from $18.00 to $22.00. On average, they expect the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 40.6% 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 at the beginning of the year. Since then, SHBI stock has decreased by 18.4% and is now trading at $14.22. 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, April 27th 2023. View our SHBI earnings forecast. How were Shore Bancshares' earnings last quarter? Shore Bancshares, Inc. (NASDAQ:SHBI) posted its quarterly earnings results on Wednesday, October, 27th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The bank earned $18.53 million during the quarter. Shore Bancshares had a net margin of 22.77% and a trailing twelve-month return on equity of 9.25%. How often does Shore Bancshares pay dividends? What is the dividend yield for Shore Bancshares? Shore Bancshares declared a quarterly dividend on Wednesday, February 8th. Stockholders of record on Saturday, February 18th will be paid a dividend of $0.12 per share on Tuesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, February 16th. Read our dividend analysis for SHBI. What ETFs hold Shore Bancshares' stock? ETFs with the largest weight of Shore Bancshares (NASDAQ:SHBI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA). 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 3.25%. The dividend payout ratio is 30.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 23.41% 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 FJ Capital Management LLC (9.47%), Dimensional Fund Advisors LP (4.13%), The Manufacturers Life Insurance Company (3.35%), Geode Capital Management LLC (1.61%), Renaissance Technologies LLC (1.20%) and Morgan Stanley (0.93%). Insiders that own company stock include Dawn M Willey, Donna J Stevens, John Lamon, Lloyd L Beatty Jr, Lloyd L Beatty, Jr, Michael T Cavey 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 $14.22. How much money does Shore Bancshares make? Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $282.27 million and generates $124.39 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.57 on an earnings per share basis. How many employees does Shore Bancshares have? The company employs 454 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 3/23/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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