NASDAQ:SHBI Shore Bancshares (SHBI) Stock Forecast, Price & News $11.63 +0.37 (+3.29%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$11.35▼$11.7050-Day Range$10.75▼$14.5052-Week Range$10.65▼$20.85Volume106,389 shsAverage Volume62,294 shsMarket Capitalization$231.40 millionP/E Ratio7.22Dividend Yield4.13%Price Target$19.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Shore Bancshares MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside63.4% Upside$19.00 Price TargetShort InterestHealthy1.25% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$54,609 Bought Last QuarterProj. Earnings Growth-4.17%From $1.92 to $1.84 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.2.90 out of 5 starsFinance Sector158th out of 873 stocksNational Commercial Banks Industry24th out of 84 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 $19.00, Shore Bancshares has a forecasted upside of 63.4% from its current price of $11.63.Amount of Analyst CoverageShore Bancshares has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.25% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shore Bancshares has recently decreased by 1.69%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipShore Bancshares is a leading dividend payer. It pays a dividend yield of 4.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthShore Bancshares does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Shore Bancshares is 29.81%. 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 26.09% 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 1.3 News and Social Media Coverage News SentimentShore Bancshares has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.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 $54,609.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders11.30% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Shore Bancshares are expected to decrease by -4.17% in the coming year, from $1.92 to $1.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shore Bancshares is 7.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Shore Bancshares is 7.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.84.Price to Book Value per Share RatioShore Bancshares has a P/B Ratio of 0.64. 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 HeadlinesMay 26, 2023 | americanbankingnews.comStockNews.com Lowers Shore Bancshares (NASDAQ:SHBI) to SellMay 20, 2023 | americanbankingnews.comShore Bancshares, Inc. (NASDAQ:SHBI) Insider Purchases $11,080.00 in StockJune 4, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 20, 2023 | americanbankingnews.comShore Bancshares (NASDAQ:SHBI) Upgraded at StockNews.comMay 14, 2023 | americanbankingnews.comKonrad Wayson Acquires 3,000 Shares of Shore Bancshares, Inc. (NASDAQ:SHBI) StockMay 11, 2023 | americanbankingnews.comDavid W. Moore Buys 875 Shares of Shore Bancshares, Inc. (NASDAQ:SHBI) StockMay 9, 2023 | americanbankingnews.comShore Bancshares, Inc. (SHBI) to Issue Quarterly Dividend of $0.12 on May 31stMay 7, 2023 | finance.yahoo.comShore Bancshares (NASDAQ:SHBI) Will Pay A Dividend Of $0.12June 4, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 4, 2023 | msn.comShore Bancshares (SHBI) Declares $0.12 DividendApril 27, 2023 | benzinga.comSHAREHOLDER ALERT: Weiss Law Reminds MLVF, SHBI, CBIO, and TA Shareholders About Its Ongoing InvestigationsApril 27, 2023 | finance.yahoo.comShore Bancshares (SHBI) Misses Q1 Earnings and Revenue EstimatesApril 27, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TCFC, INDT, PTRS, INFIApril 25, 2023 | finance.yahoo.comThe Community Financial Corporation Reports EPS of $1.30 and ROAA of 1.21% For the First Quarter 2023April 13, 2023 | msn.comDown -7.32% in 4 Weeks, Here's Why You Should You Buy the Dip in Shore Bancshares (SHBI)April 9, 2023 | americanbankingnews.comKeefe, Bruyette & Woods Cuts Shore Bancshares (NASDAQ:SHBI) Price Target to $16.00April 6, 2023 | markets.businessinsider.comKBW Sticks to Their Hold Rating for Shore Bancshares (SHBI)April 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains Shore Bancshares (SHBI) Market Perform RecommendationApril 4, 2023 | americanbankingnews.comShore Bancshares (NASDAQ:SHBI) and First United (NASDAQ:FUNC) Critical AnalysisMarch 30, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, CBIO, AQUA, LBCMarch 5, 2023 | finance.yahoo.comShareholders in Shore Bancshares (NASDAQ:SHBI) are in the red if they invested a year agoFebruary 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?January 27, 2023 | finance.yahoo.comShore Bancshares Reports 2022 Financial ResultsSee More Headlines SHBI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHBI Company Calendar Last Earnings10/27/2021Ex-Dividend for 5/31 Dividend5/11/2023Dividend Payable5/31/2023Today6/03/2023Next Earnings (Estimated)7/27/2023Fiscal 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$19.00 High Stock Price Forecast$22.00 Low Stock Price Forecast$16.00 Forecasted Upside/Downside+63.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.61 Trailing P/E Ratio7.22 Forward P/E Ratio6.06 P/E GrowthN/ANet Income$31.18 million Net Margins21.79% Pretax Margin29.59% Return on Equity9.34% Return on Assets0.96% Debt Debt-to-Equity Ratio0.48 Current Ratio0.90 Quick Ratio0.89 Sales & Book Value Annual Sales$126.91 million Price / Sales1.82 Cash Flow$2.09 per share Price / Cash Flow5.57 Book Value$18.17 per share Price / Book0.64Miscellaneous Outstanding Shares19,897,000Free Float17,649,000Market Cap$231.40 million OptionableNot Optionable Beta0.88 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 CompetitorsFidelity D & D BancorpNASDAQ:FDBCCapital BancorpNASDAQ:CBNKFirst of Long IslandNASDAQ:FLICSouthern California BancorpNASDAQ:BCALFinancial InstitutionsNASDAQ:FISIView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 2,580 shares on 5/18/2023Ownership: 0.107%Geode Capital Management LLCBought 11,973 shares on 5/16/2023Ownership: 1.666%State Street CorpBought 23,704 shares on 5/16/2023Ownership: 1.657%Petiole USA ltdSold 4,000 shares on 5/16/2023Ownership: 0.316%First Trust Advisors LPSold 2,716 shares on 5/16/2023Ownership: 0.284%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 research analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1-year target prices for Shore Bancshares' shares. Their SHBI share price forecasts range from $16.00 to $22.00. On average, they anticipate the company's share price to reach $19.00 in the next year. This suggests a possible upside of 63.4% 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 shares have decreased by 33.3% and is now trading at $11.63. 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, July 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 had revenue of $18.53 million for the quarter. Shore Bancshares had a net margin of 21.79% and a trailing twelve-month return on equity of 9.34%. How often does Shore Bancshares pay dividends? What is the dividend yield for Shore Bancshares? Shore Bancshares announced a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Saturday, May 13th will be paid a dividend of $0.12 per share on Wednesday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Thursday, May 11th. 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 4.26%. SHBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 26.09% 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (8.74%), Fourthstone LLC (7.65%), Dimensional Fund Advisors LP (4.27%), Geode Capital Management LLC (1.67%), State Street Corp (1.66%) and Renaissance Technologies LLC (1.16%). Insiders that own company stock include David W Moore, Dawn M Willey, Donna J Stevens, John Lamon, Konrad Wayson, Lloyd L Beatty Jr, R Michael Clemmer 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 $11.63. How much money does Shore Bancshares make? Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $231.40 million and generates $126.91 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.61 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. 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