NASDAQ:SHBIShore Bancshares Stock Price, Forecast & News

$10.04

-0.15 (-1.47 %)

(As of 05/29/2020 12:23 PM ET)

Add

Compare

Today's Range

$10.03

Now: $10.05▼

$10.42

50-Day Range

$8.19

MA: $9.40▼

$11.66

52-Week Range

$7.63

Now: $10.05▼

$17.90

Volume6,712 shs

Average Volume36,115 shs

Market Capitalization$125.76 million

P/E Ratio8.21

Dividend Yield5.10%

Beta0.82

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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Shore Bancshares.

2.2 Community Rank

Outperform Votes
Shore Bancshares has received 175 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Shore Bancshares has received 220 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Shore Bancshares has received 55.70% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
Shore Bancshares is a leading dividend payer. It pays a dividend yield of 5.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Shore Bancshares has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Shore Bancshares is 37.50 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Shore Bancshares will have a dividend payout ratio of 80.00 % in the coming year. This indicates that Shore Bancshares may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shore Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $66,208.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.80% of the stock of Shore Bancshares is held by insiders.
Percentage Held by Institutions
70.89% of the stock of Shore Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Shore Bancshares are expected to decrease by -11.76% in the coming year, from $0.68 to $0.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shore Bancshares is 8.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shore Bancshares is 8.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.14.
Price to Book Value per Share Ratio
Shore 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.

Overall Beat the Market Rank^™

2.12 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:SHBI

Previous Symbol

CUSIPN/A

CIK1035092

Webwww.shoreunitedbank.com

Phone410-763-7800

Debt

Debt-to-Equity Ratio0.10

Current Ratio1.01

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio8.21

Forward P/E Ratio14.77

P/E GrowthN/A

Sales & Book Value

Annual Sales$69.79 million

Price / Sales1.80

Cash Flow$1.61 per share

Price / Cash Flow6.23

Book Value$15.63 per share

Price / Book0.64

Profitability

EPS (Most Recent Fiscal Year)$1.28

Net Income$16.20 million

Net Margins22.24%

Return on Equity8.05%

Return on Assets1.01%

Miscellaneous

Employees292

Outstanding Shares12,520,000

Market Cap$125.76 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

Receive SHBI News and Ratings via Email

Sign-up to receive the latest news and ratings for SHBI and its competitors with MarketBeat's FREE daily newsletter.

Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

How has Shore Bancshares' stock been impacted by COVID-19 (Coronavirus)?

Shore Bancshares' stock was trading at $11.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SHBI shares have decreased by 10.9% and is now trading at $10.0450. View which stocks have been most impacted by Coronavirus.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Shore Bancshares.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) released its earnings results on Thursday, April, 30th. The bank reported $0.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.03. The bank earned $14.87 million during the quarter, compared to analysts' expectations of $15.20 million. Shore Bancshares had a return on equity of 8.05% and a net margin of 22.24%. 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, May 6th. Shareholders of record on Saturday, May 16th will be paid a dividend of $0.12 per share on Friday, May 29th. This represents a $0.48 annualized dividend and a yield of 4.78%. The ex-dividend date is Thursday, May 14th. View Shore Bancshares' dividend history.

Has Shore Bancshares been receiving favorable news coverage?

News coverage about SHBI stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Shore Bancshares earned a news impact score of -1.0 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutShore Bancshares.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 38,300 shares, an increase of 11.0% from the April 30th total of 34,500 shares. Based on an average trading volume of 28,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the company's shares are sold short. View Shore Bancshares' Current Options Chain.

Who are some of Shore Bancshares' key competitors?

Some companies that are related to Shore Bancshares include Arrow Financial (AROW), Bridge Bancorp (BDGE), First of Long Island (FLIC), Hanmi Financial (HAFC), Financial Institutions (FISI), Guaranty Bancshares (GNTY), American National BankShares (AMNB), Peoples Financial Services (PFIS), SmartFinancial (SMBK), First Bancorp (FNLC), Southern First Bancshares (SFST), MBT Financial (MBTF), LCNB (LCNB), National Bankshares (NKSH) and NexPoint Real Estate Finance (PFHD). View all 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), Ring Energy (REI), Ring Energy (REI), Yext (YEXT), Huntington Bancshares (HBAN), KeyCorp (KEY), Main Street Capital (MAIN), People's United Financial (PBCT), QUALCOMM (QCOM) and Vista Outdoor (VSTO).

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 number of institutional and retail investors. Top institutional shareholders include Fourthstone LLC (9.92%), BlackRock Inc. (6.58%), Banc Funds Co. LLC (4.54%), The Manufacturers Life Insurance Company (4.06%), EJF Capital LLC (2.60%) and State Street Corp (2.34%). 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 Alliancebernstein L.P., Martingale Asset Management L P, Globeflex Capital L P, JPMorgan Chase & Co., Hillsdale Investment Management Inc., UBS Group AG, Banc Funds Co. LLC, and BlackRock Inc.. View insider buying and selling activity for Shore Bancshares.

Which major investors are buying Shore Bancshares stock?

SHBI stock was acquired by a variety of institutional investors in the last quarter, including Fourthstone LLC, Franklin Resources Inc., Russell Investments Group Ltd., Penn Capital Management Co. Inc., EJF Capital LLC, Rhumbline Advisers, Geode Capital Management LLC, and Morgan Stanley. 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 $10.05.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $125.76 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 28969 INFORMATION LANE, 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 5/29/2020 by MarketBeat.com Staff