Shore Bancshares - SHBI Stock Forecast, Price & News

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.

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.

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

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%.

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.

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.

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.

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."

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.
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One share of SHBI stock can currently be purchased for approximately $17.37.

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.

The company employs 454 workers across the globe.

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.