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Shore Bancshares - SHBI Stock Forecast, Price & News

$17.40
+0.08 (+0.46%)
(As of 10/3/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.36
$17.61
50-Day Range
$17.32
$20.39
52-Week Range
$17.29
$23.19
Volume
30,989 shs
Average Volume
76,788 shs
Market Capitalization
$345.39 million
P/E Ratio
14.38
Dividend Yield
2.77%
Price Target
$22.00

Shore Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.4% Upside
$22.00 Price Target
Short Interest
Healthy
1.36% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$22,041 Bought Last Quarter
Proj. Earnings Growth
15.38%
From $1.56 to $1.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.47 out of 5 stars

Finance Sector

9th out of 927 stocks

National Commercial Banks Industry

2nd out of 89 stocks

SHBI stock logo

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 (ATM) services. It operates 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.

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SHBI Stock News Headlines

Shore Bancshares' (NASDAQ:SHBI) Dividend Will Be $0.12
Shore Bancshares goes ex-dividend tomorrow
Shore Bancshares declares $0.12 dividend
Shore Bancshares: Q4 Earnings Snapshot
Shore Bancshares Inc Common Stock (SHBI)
Rising Loans Aid U.S. Bancorp (USB), Cost Woes Prevail
Best Momentum Stocks to Buy for November 24th
Shored United closes acquisition of Severn Savings Bank
BRIEF-Shore Bancshares Reports Q3 Results
See More Headlines
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SHBI Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 8/31 Dividend
8/11/2022
Dividend Payable
8/31/2022
Today
10/03/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SHBI
Employees
454
Year Founded
1876

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+26.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$15.37 million
Pretax Margin
25.38%

Debt

Sales & Book Value

Annual Sales
$83.67 million
Cash Flow
$1.02 per share
Book Value
$17.71 per share

Miscellaneous

Free Float
17,647,000
Market Cap
$345.39 million
Optionable
Not Optionable
Beta
0.86

Social Links


Key Executives

  • Mr. Lloyd L. Beatty Jr. (Age 69)
    Pres, CEO & Director
    Comp: $849k
  • Mr. Edward Conley Allen Jr. (Age 74)
    Exec. VP & CFO
    Comp: $403.57k
  • Ms. Donna J. Stevens (Age 59)
    Exec. VP & COO
    Comp: $448.62k
  • Charles F. Kade III
    Sr. VP & Chief Information Officer
  • Ms. Andrea E. Colender (Age 58)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. W. David Morse (Age 60)
    Exec. VP, Gen. Counsel & Assistant Sec.
  • Ms. Christa Jo Heron (Age 55)
    Exec. VP & Chief Risk Officer
  • Mr. Vance W. Adkins CPA (Age 41)
    CGMA, Exec. VP & Treasurer













SHBI Stock - Frequently Asked Questions

Should I buy or sell Shore Bancshares stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SHBI shares.
View SHBI analyst ratings
or view top-rated stocks.

What is Shore Bancshares' stock price forecast for 2022?

2 brokerages have issued 1 year price objectives for Shore Bancshares' shares. Their SHBI share price forecasts range from $22.00 to $22.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 26.7% 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 2022?

Shore Bancshares' stock was trading at $20.85 at the beginning of 2022. Since then, SHBI stock has decreased by 16.7% and is now trading at $17.37.
View the best growth stocks for 2022 here
.

When is Shore Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHBI earnings forecast
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) announced its earnings results on Thursday, July, 28th. The bank reported $0.39 earnings per share for the quarter. The bank earned $30.49 million during the quarter. Shore Bancshares had a net margin of 18.56% and a trailing twelve-month return on equity of 7.18%.

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

Shore Bancshares declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Saturday, August 13th will be given a dividend of $0.12 per share on Wednesday, August 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, August 11th.
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 2.77%. The dividend payout ratio is 39.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 26.67% 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."

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 $17.37.

How much money does Shore Bancshares make?

Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $344.79 million and generates $83.67 million in revenue each year. The bank earns $15.37 million in net income (profit) each year or $1.21 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 10/3/2022 by MarketBeat.com Staff

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