Shore Bancshares Stock Forecast, Price & News

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.
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Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Shore Bancshares.

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.

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.

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.

Some companies that are related to Shore Bancshares include Banc of California (BANC), Bancorp (TBBK), Bank First (BFC), Camden National (CAC), First Bancshares (FBMS), Mercantil Bank (AMTB), CBTX (CBTX), Arrow Financial (AROW), First of Long Island (FLIC), Bridge Bancorp (BDGE), Alerus Financial (ALRS), Guaranty Bancshares (GNTY), Financial Institutions (FISI), Hanmi Financial (HAFC) and Peoples Financial Services (PFIS).
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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).

Shore Bancshares trades on the NASDAQ under the ticker symbol "SHBI."

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.

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.

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.

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.

One share of SHBI stock can currently be purchased for approximately $9.77.

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.

The official website for Shore Bancshares is www.shoreunitedbank.com.

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]