S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NASDAQ:SHBI

Shore Bancshares Stock Forecast, Price & News

$19.90
-0.11 (-0.55%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$19.74
$20.15
50-Day Range
$17.06
$20.36
52-Week Range
$12.99
$23.19
Volume
20,466 shs
Average Volume
48,515 shs
Market Capitalization
$394.14 million
P/E Ratio
14.32
Dividend Yield
2.40%
Beta
1.02
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Shore Bancshares logo

About Shore Bancshares

Shore 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.

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SHBI
Employees
291
Year Founded
1876

Sales & Book Value

Annual Sales
$70.43 million
Cash Flow
$1.57 per share
Book Value
$16.20 per share

Profitability

Net Income
$15.73 million
Pretax Margin
28.54%

Debt

Price-To-Earnings

Miscellaneous

Free Float
11,483,000
Market Cap
$394.14 million
Optionable
Not Optionable

Company Calendar

Last Earnings
10/27/2021
Ex-Dividend
11/10/2021
Dividend Payable
11/30/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

Social Links


MarketRank

Overall MarketRank

2.08 out of 5 stars

Finance Sector

534th out of 1,339 stocks

National Commercial Banks Industry

58th out of 108 stocks

Analyst Opinion: 1.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

Is Shore Bancshares a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Shore Bancshares stock.
View analyst ratings for Shore Bancshares
or view top-rated stocks.

How has Shore Bancshares' stock been impacted by Coronavirus?

Shore Bancshares' stock was trading at $11.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SHBI stock has increased by 76.6% and is now trading at $19.90.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Shore Bancshares?

Shore Bancshares saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 61,300 shares, a decline of 90.8% from the October 31st total of 663,100 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 2.2 days.
View Shore Bancshares' Short Interest
.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for Shore Bancshares
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) announced its earnings results on Wednesday, October, 27th. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.03. The bank earned $18.53 million during the quarter. Shore Bancshares had a trailing twelve-month return on equity of 8.65% and a net margin of 22.14%.
View Shore Bancshares' earnings history
.

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

Shore Bancshares announced a quarterly dividend on Tuesday, November 2nd. Investors of record on Friday, November 12th will be paid a dividend of $0.12 per share on Tuesday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, November 10th.
View Shore Bancshares' dividend history
.

Is Shore Bancshares a good dividend stock?

Shore Bancshares pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.40%. The dividend payout ratio of Shore Bancshares is 34.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Shore Bancshares will have a dividend payout ratio of 31.17% next year. This indicates that Shore Bancshares will be able to sustain or increase its dividend.
View Shore Bancshares' dividend history.

What price target have analysts set for SHBI?

2 brokerages have issued 12-month target prices for Shore Bancshares' stock. Their forecasts range from $20.00 to $22.00. On average, they anticipate Shore Bancshares' share price to reach $21.00 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price.
View analysts' price targets for Shore Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Shore Bancshares' key executives?

Shore Bancshares' management team includes the following people:
  • Lloyd L. Beatty, President, Chief Executive Officer & Director
  • Donna J. Stevens, Chief Operating Officer & Executive Vice President
  • Edward Conley Allen, Chief Financial Officer, Treasurer & Executive VP
  • Timothy J. Berrigan, Chief Information Officer & Vice President
  • William David Morse, Secretary, Executive VP & General Counsel

What is Lloyd L. "Scott" Beatty, Jr's approval rating as Shore Bancshares' CEO?

3 employees have rated Shore Bancshares CEO Lloyd L. "Scott" Beatty, Jr on Glassdoor.com. Lloyd L. "Scott" Beatty, Jr has an approval rating of 100% among Shore Bancshares' 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 many different retail and institutional investors. Top institutional investors include Fourthstone LLC (9.99%), The Manufacturers Life Insurance Company (5.51%), Dimensional Fund Advisors LP (5.22%), Renaissance Technologies LLC (2.69%), Banc Funds Co. LLC (2.43%) and Wellington Management Group LLP (2.21%). Company insiders that own Shore Bancshares stock include Donna J Stevens, 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 Banc Funds Co. LLC, Millennium Management LLC, Renaissance Technologies LLC, Hennessy Advisors Inc., Russell Investments Group Ltd., Royal Bank of Canada, LSV Asset Management, and BlackRock Inc..
View insider buying and selling activity for Shore Bancshares
or view top insider-selling stocks.

Which major investors are buying Shore Bancshares stock?

SHBI stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Monarch Partners Asset Management LLC, The Manufacturers Life Insurance Company , Morgan Stanley, Maltese Capital Management LLC, Two Sigma Advisers LP, Two Sigma Investments LP, and Dimensional Fund Advisors LP. 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
or or view top insider-buying stocks.

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 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 $19.90.

How much money does Shore Bancshares make?

Shore Bancshares has a market capitalization of $394.14 million and generates $70.43 million in revenue each year. The bank earns $15.73 million in net income (profit) each year or $1.39 on an earnings per share basis.

How many employees does Shore Bancshares have?

Shore Bancshares employs 291 workers across the globe.

When was Shore Bancshares founded?

Shore Bancshares was founded in 1876.

What is Shore Bancshares' official website?

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

Where are Shore Bancshares' headquarters?

Shore Bancshares is headquartered at 18 E. DOVER STREET EASTON MARYLAND, EASTON MD, 21601.

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, via email at [email protected], or via fax at 410-820-7180.


This page was last updated on 12/4/2021 by MarketBeat.com Staff

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