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NASDAQ:SHBI

Shore Bancshares Stock Forecast, Price & News

$9.77
-0.01 (-0.10 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$9.72
Now: $9.77
$10.05
50-Day Range
$9.27
MA: $10.17
$11.30
52-Week Range
$7.63
Now: $9.77
$17.90
Volume34,202 shs
Average Volume34,872 shs
Market Capitalization$122.39 million
P/E Ratio7.35
Dividend Yield4.91%
Beta0.76
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: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.68 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SHBI
CUSIPN/A
Phone410-763-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$69.79 million
Cash Flow$1.40 per share
Book Value$15.20 per share

Profitability

Net Income$16.20 million

Miscellaneous

Employees292
Market Cap$122.39 million
Next Earnings Date10/22/2020 (Estimated)
OptionableNot Optionable
$9.77
-0.01 (-0.10 %)
(As of 09/24/2020 12:00 AM 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 price been impacted by Coronavirus (COVID-19)?

Shore Bancshares' stock was trading at $11.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SHBI stock has decreased by 13.3% and is now trading at $9.77.
View which stocks have been most impacted by COVID-19
.

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) posted its quarterly earnings results on Thursday, July, 23rd. The bank reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.21. The bank earned $15.80 million during the quarter, compared to analysts' expectations of $14.90 million. Shore Bancshares had a net margin of 23.83% and a return on equity of 8.53%.
View Shore Bancshares' earnings history
.

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

Shore Bancshares declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Saturday, August 15th will be paid a dividend of $0.12 per share on Monday, August 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Thursday, August 13th.
View Shore Bancshares' dividend history
.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 166,800 shares, an increase of 22.1% from the August 15th total of 136,600 shares. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is currently 4.1 days. Approximately 1.4% of the company's stock are sold short.
View Shore Bancshares' Short Interest
.

Who are some of Shore Bancshares' key 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), General Motors (GM), Toll Brothers (TOL), Vector Group (VGR), Vista Outdoor (VSTO), Apple Hospitality REIT (APLE), Boeing (BA), Huntington Bancshares (HBAN) and NVIDIA (NVDA).

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 shareholders include Fourthstone LLC (9.96%), Russell Investments Group Ltd. (1.38%), LSV Asset Management (1.23%), EJF Capital LLC (1.17%), Bank of New York Mellon Corp (0.79%) and Jacobs Levy Equity Management Inc. (0.38%). 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 EJF Capital LLC, LSV Asset Management, New York State Common Retirement Fund, UBS Group AG, Nuveen Asset Management LLC, and California Public Employees Retirement System.
View insider buying and selling activity for Shore Bancshares
.

Which major investors are buying Shore Bancshares stock?

SHBI stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Ancora Advisors LLC, Jacobs Levy Equity Management Inc., Bank of America Corp DE, Bailard Inc., Fourthstone LLC, Bank of New York Mellon Corp, and Bank of Montreal Can. 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 $9.77.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $122.39 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 18 E. DOVER STREET EASTON MARYLAND, 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 9/25/2020 by MarketBeat.com Staff

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