S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:SHBI

Shore Bancshares (SHBI) Stock Forecast, Price & News

$19.18
+0.02 (+0.10%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$19.10
$19.76
50-Day Range
$19.16
$20.94
52-Week Range
$16.25
$23.19
Volume
48,726 shs
Average Volume
77,562 shs
Market Capitalization
$380.53 million
P/E Ratio
16.39
Dividend Yield
2.51%
Beta
0.87
30 days | 90 days | 365 days | Advanced Chart
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Shore Bancshares logo

About Shore Bancshares

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, 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, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine (ATM) services. It operates 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SHBI
Employees
454
Year Founded
1876

Sales & Book Value

Annual Sales
$83.67 million
Cash Flow
$1.02 per share
Book Value
$17.73 per share

Profitability

Net Income
$15.37 million
Pretax Margin
24.23%

Debt

Price-To-Earnings

Miscellaneous

Free Float
17,640,000
Market Cap
$380.53 million
Optionable
Not Optionable

Company Calendar

Ex-Dividend for 3/7 Dividend
2/23/2022
Dividend Payable
3/07/2022
Last Earnings
4/28/2022
Ex-Dividend for 5/31 Dividend
5/12/2022
Today
5/21/2022
Dividend Payable
5/31/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.84 out of 5 stars

Finance Sector

218th out of 1,351 stocks

National Commercial Banks Industry

32nd out of 110 stocks

Analyst Opinion: 2.5Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Shore Bancshares (NASDAQ:SHBI) Frequently Asked Questions

Is Shore Bancshares a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 1 buy rating 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.

When is Shore Bancshares' next earnings date?

Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Shore Bancshares
.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) issued its quarterly earnings results on Thursday, April, 28th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.02. The bank earned $28.52 million during the quarter. Shore Bancshares had a net margin of 17.67% and a trailing twelve-month return on equity of 6.53%.
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 Wednesday, May 4th. Stockholders of record on Saturday, May 14th will be paid a dividend of $0.12 per share on Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, May 12th.
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 2.51%. The dividend payout ratio of Shore Bancshares is 41.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Shore Bancshares will have a dividend payout ratio of 25.95% 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?

1 analysts have issued 12-month price targets for Shore Bancshares' stock. Their forecasts range from $22.00 to $22.00. On average, they anticipate Shore Bancshares' share price to reach $22.00 in the next year. This suggests a possible upside of 14.7% 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:
  • Mr. Lloyd L. Beatty Jr., Pres, CEO & Director (Age 69, Pay $849k)
  • Mr. Edward Conley Allen Jr., Exec. VP & CFO (Age 74, Pay $403.57k)
  • Ms. Donna J. Stevens, Exec. VP & COO (Age 59, Pay $448.62k)
  • Charles F. Kade III, Sr. VP & Chief Information Officer
  • Ms. Andrea E. Colender, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 58)
  • Mr. W. David Morse, Exec. VP, Gen. Counsel & Assistant Sec. (Age 60)
  • Ms. Christa Jo Heron, Exec. VP & Chief Risk Officer (Age 55)
  • Mr. Vance W. Adkins CPA, CGMA, Exec. VP & Treasurer (Age 41)
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 a variety of retail and institutional investors. Top institutional investors include FJ Capital Management LLC (9.90%), Fourthstone LLC (7.31%), Vanguard Group Inc. (3.84%), Dimensional Fund Advisors LP (3.48%), The Manufacturers Life Insurance Company (3.33%) and Banc Funds Co. LLC (2.16%). Company insiders that own Shore Bancshares stock include John Lamon 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 Fourthstone LLC, Gator Capital Management LLC, LSV Asset Management, Kessler Investment Group LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, Petiole USA ltd, and Prelude Capital Management LLC.
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 bought by a variety of institutional investors in the last quarter, including FJ Capital Management LLC, Assenagon Asset Management S.A., Acadian Asset Management LLC, Goldman Sachs Group Inc., Jane Street Group LLC, Dimensional Fund Advisors LP, Monarch Partners Asset Management LLC, and Bank of Montreal Can. Company insiders that have bought Shore Bancshares stock in the last two years include John Lamon, 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 $19.18.

How much money does Shore Bancshares make?

Shore Bancshares has a market capitalization of $380.53 million and generates $83.67 million in revenue each year. The bank earns $15.37 million in net income (profit) each year or $1.169990 on an earnings per share basis.

How many employees does Shore Bancshares have?

Shore Bancshares employs 454 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.

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 5/21/2022 by MarketBeat.com Staff

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