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

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$15.78 +0.25 (+1.61 %)

(As of 05/24/2019 02:50 PM ET)

Previous Close$15.54

Today's Range$15.62 - $15.86

52-Week Range$12.95 - $20.08

Volume5,269 shs

Average Volume21,988 shs

Market Capitalization$201.72 million

P/E Ratio8.34

Dividend Yield2.52%

Beta0.49

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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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:SHBI

Previous Symbol

CUSIPN/A

CIK1035092

Webhttp://www.shoreunitedbank.com/

Phone410-763-7800

Debt

Debt-to-Equity Ratio0.10

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio8.34

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$87 million

Price / Sales2.32

Cash Flow$2.1389 per share

Price / Cash Flow7.38

Book Value$14.64 per share

Price / Book1.08

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$25 million

Net Margins28.78%

Return on Equity13.96%

Return on Assets1.68%

Miscellaneous

Employees292

Outstanding Shares12,779,000

Market Cap$201.72 million

Next Earnings Date7/25/2019 (Estimated)

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 declared a quarterly dividend on Thursday, May 9th. Shareholders of record on Saturday, May 18th will be paid a dividend of $0.10 per share on Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, May 16th. View Shore Bancshares' Dividend History.

How were Shore Bancshares' earnings last quarter?

Shore Bancshares, Inc. (NASDAQ:SHBI) posted its quarterly earnings results on Thursday, October, 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks' 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 28.78% and a return on equity of 13.96%. 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, July 25th 2019. View Earnings Estimates for Shore Bancshares.

What price target have analysts set for SHBI?

2 brokerages have issued 12-month price targets for Shore Bancshares' shares. Their forecasts 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 46.5% 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?

News coverage about SHBI stock has been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shore Bancshares earned a news impact score of -2.9 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Shore Bancshares' key competitors?

Some companies that are related to Shore Bancshares include CBTX (CBTX), Banc of California (BANC), Camden National (CAC), Hanmi Financial (HAFC), Green Bancorp (GNBC), Nicolet Bankshares (NCBS), First of Long Island (FLIC), Bridge Bancorp (BDGE), Bancorp (TBBK), First Bancshares (FBMS), Arrow Financial (AROW), Financial Institutions (FISI), American National BankShares (AMNB), Guaranty Bancshares (GNTY) and Peoples Financial Services (PFIS).

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 Sabre (SABR), Sabra Health Care REIT (SBRA), Sirius XM (SIRI), SLM (SLM), Senior Housing Properties Trust (SNH), TFS Financial (TFSL), Uniti Group (UNIT), Wendys (WEN), Zynga (ZNGA) and Colony NorthStar (CLNS).

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. Timothy J. Berrigan, VP & Chief Information Officer
Mr. W. David Morse, Sec. & Gen. Counsel (Age 57)

Who are Shore Bancshares' major shareholders?

Shore Bancshares' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (7.70%), BlackRock Inc. (6.28%), Banc Funds Co. LLC (4.32%), The Manufacturers Life Insurance Company (4.05%), Dimensional Fund Advisors LP (3.78%) and Renaissance Technologies LLC (3.11%). View Institutional Ownership Trends for Shore Bancshares.

Which institutional investors are selling Shore Bancshares stock?

SHBI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, EJF Capital LLC, BlackRock Inc., Bailard Inc., Morgan Stanley, FSI Group LLC, Corbyn Investment Management Inc. MD and The Manufacturers Life Insurance Company . View Insider Buying and Selling for Shore Bancshares.

Which institutional investors are buying Shore Bancshares stock?

SHBI stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Kennedy Capital Management Inc., Renaissance Technologies LLC, Banc Funds Co. LLC, Globeflex Capital L P, JPMorgan Chase & Co., Penn Capital Management Co. Inc. and Charles Schwab Investment Management Inc.. 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 $15.70.

How big of a company is Shore Bancshares?

Shore Bancshares has a market capitalization of $200.63 million and generates $87 million in revenue each year. Shore Bancshares employs 292 workers across the globe.

What is Shore Bancshares' official website?

The official website for Shore Bancshares is http://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]

MarketBeat Community Rating for Shore Bancshares (NASDAQ SHBI)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		132 (Vote Outperform)
Underperform Votes:		156 (Vote Underperform)
Total Votes:		288

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 5/24/2019 by MarketBeat.com Staff

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