Shore Bancshares - SHBI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHBI, but not buy additional shares or sell existing shares.
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3 brokers have issued twelve-month price targets for Shore Bancshares' shares. Their SHBI share price forecasts range from $18.00 to $22.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 37.7% from the stock's current price.
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Shore Bancshares' stock was trading at $17.43 on January 1st, 2023. Since then, SHBI shares have decreased by 16.7% and is now trading at $14.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our SHBI earnings forecast.

Shore Bancshares, Inc. (NASDAQ:SHBI) announced its quarterly earnings data on Wednesday, October, 27th. The bank reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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 9.25% and a net margin of 22.77%.

Shore Bancshares declared a quarterly dividend on Wednesday, February 8th. Investors of record on Saturday, February 18th will be paid a dividend of $0.12 per share on Tuesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, February 16th.
Read our dividend analysis for SHBI.

ETFs with the largest weight of Shore Bancshares (NASDAQ:SHBI) stock in their portfolio include First Trust Dow Jones Select MicroCap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA).

Shore Bancshares (NASDAQ:SHBI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.25%. The dividend payout ratio is 30.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 23.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHBI.

3 employees have rated Shore Bancshares Chief Executive Officer Lloyd L. "Scott" Beatty, Jr on Glassdoor.com. Lloyd L. "Scott" Beatty, Jr has an approval rating of 100% among the company's employees. This puts Lloyd L. "Scott" Beatty, Jr in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

Shore Bancshares' stock is owned by a number of retail and institutional investors. Top institutional investors include FJ Capital Management LLC (9.47%), Dimensional Fund Advisors LP (4.13%), The Manufacturers Life Insurance Company (3.35%), Geode Capital Management LLC (1.61%), Renaissance Technologies LLC (1.20%) and Morgan Stanley (0.93%). Insiders that own company stock include Dawn M Willey, Donna J Stevens, John Lamon, Lloyd L Beatty Jr, Lloyd L Beatty, Jr, Michael T Cavey and William E Esham III.
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Shares of SHBI stock 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.
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One share of SHBI stock can currently be purchased for approximately $14.52.

Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $288.22 million and generates $136.93 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.57 on an earnings per share basis.

The company employs 454 workers across the globe.

Shore Bancshares' mailing address is 18 E. DOVER STREET EASTON MARYLAND, EASTON MD, 21601. The official website for the company is www.shoreunitedbank.com. The bank can be reached via phone at (410) 763-7800, via email at edward.allen@shbi.com, or via fax at 410-820-7180.