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NASDAQ:SHBIShore Bancshares Stock Price, Forecast & News

$10.00
-0.20 (-1.96 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$9.86
Now: $10.00
$10.42
50-Day Range
$8.19
MA: $9.41
$11.66
52-Week Range
$7.63
Now: $10.00
$17.90
Volume21,024 shs
Average Volume36,343 shs
Market Capitalization$125.20 million
P/E Ratio8.13
Dividend Yield4.71%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.12 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$1.48 per share
Book Value$15.63 per share

Profitability

Net Income$16.20 million

Miscellaneous

Employees292
Market Cap$125.20 million
Next Earnings Date7/23/2020 (Estimated)
OptionableNot Optionable

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHBI stock has decreased by 11.3% and is now trading at $10.00. 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) announced its quarterly earnings data on Thursday, April, 30th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 22.24% and a return on equity of 8.05%. 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 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, May 14th. View Shore Bancshares' dividend history.

Has Shore Bancshares been receiving favorable news coverage?

Media stories about SHBI stock have trended somewhat negative on Saturday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shore Bancshares earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the immediate 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 daily volume of 28,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are short sold. View Shore Bancshares' Current Options Chain.

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), 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 retail and institutional 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 purchased 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 $10.00.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $125.20 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 5/30/2020 by MarketBeat.com Staff

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