NASDAQ:SHBI - Shore Bancshares Stock Price, News, & Analysis

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$15.56 +0.16 (+1.04 %)
(As of 02/18/2019 12:56 PM ET)
Previous Close$15.40
Today's Range$15.49 - $15.99
52-Week Range$12.95 - $20.09
Volume27,468 shs
Average Volume30,399 shs
Market Capitalization$198.37 million
P/E Ratio7.95
Dividend Yield2.34%
Beta0.45
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. The company operates through two segments, Community Banking, and Insurance Products and Services. 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, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured 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; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans. 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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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$87 million
Cash Flow$1.1399 per share
Book Value$12.90 per share

Profitability

Net Income$25 million

Miscellaneous

Employees346
Market Cap$198.37 million
OptionableNot Optionable

Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

What is Shore Bancshares' stock symbol?

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

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

Shore Bancshares announced a quarterly dividend on Wednesday, February 6th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.10 per share on Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, February 14th. This is a boost from Shore Bancshares's previous quarterly dividend of $0.09. View Shore Bancshares' Dividend History.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) released its earnings results on Thursday, October, 18th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. The bank had revenue of $17.66 million for the quarter. Shore Bancshares had a net margin of 28.73% and a return on equity of 14.86%. View Shore Bancshares' Earnings History.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Shore Bancshares.

What price target have analysts set for SHBI?

2 brokers have issued 1-year price objectives for Shore Bancshares' shares. Their predictions range from $23.00 to $23.00. On average, they expect Shore Bancshares' stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price. View Analyst Price Targets for Shore Bancshares.

What is the consensus analysts' recommendation for Shore Bancshares?

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Shore Bancshares.

Has Shore Bancshares been receiving favorable news coverage?

Press coverage about SHBI stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 1.6 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

Who are some of Shore Bancshares' key competitors?

Who are Shore Bancshares' key executives?

Shore Bancshares' management team includes the folowing 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. Richard C. Trippe Jr., CEO & Pres of Avon Dixon Agency (Age 56)
  • Mr. Timothy J. Berrigan, VP & Chief Information Officer

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.56%), Banc Funds Co. LLC (4.21%), Dimensional Fund Advisors LP (3.51%), EJF Capital LLC (2.74%), LSV Asset Management (1.40%) and Northern Trust Corp (1.14%). 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 Basswood Capital Management L.L.C., Banc Funds Co. LLC, Millennium Management LLC, Globeflex Capital L P, FSI Group LLC, Acadian Asset Management LLC, Martingale Asset Management L P and Bessemer Group Inc.. View Insider Buying and Selling for Shore Bancshares.

Which major investors are buying Shore Bancshares stock?

SHBI stock was bought by a variety of institutional investors in the last quarter, including EJF Capital LLC, Context BH Capital Management LP, Gilman Hill Asset Management LLC, Municipal Employees Retirement System of Michigan, LSV Asset Management, Dimensional Fund Advisors LP, BlackRock Inc. and MML Investors Services LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Shore Bancshares' stock price today?

One share of SHBI stock can currently be purchased for approximately $15.56.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $198.37 million and generates $87 million in revenue each year. Shore Bancshares employs 346 workers across the globe.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is http://www.shorebancshares.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]


MarketBeat Community Rating for Shore Bancshares (NASDAQ SHBI)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  121 (Vote Outperform)
Underperform Votes:  143 (Vote Underperform)
Total Votes:  264
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.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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