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 analysts have issued 1-year target prices for Shore Bancshares' shares. Their SHBI share price forecasts range from $16.00 to $22.00. On average, they anticipate the company's share price to reach $19.00 in the next year. This suggests a possible upside of 63.4% from the stock's current price.
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Shore Bancshares' stock was trading at $17.43 at the beginning of the year. Since then, SHBI shares have decreased by 33.3% and is now trading at $11.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our SHBI earnings forecast.

Shore Bancshares, Inc. (NASDAQ:SHBI) posted its quarterly earnings results on Wednesday, October, 27th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The bank had revenue of $18.53 million for the quarter. Shore Bancshares had a net margin of 21.79% and a trailing twelve-month return on equity of 9.34%.

Shore Bancshares announced a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Saturday, May 13th will be paid a dividend of $0.12 per share on Wednesday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Thursday, May 11th.
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 4.26%. SHBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHBI will have a dividend payout ratio of 26.09% 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.74%), Fourthstone LLC (7.65%), Dimensional Fund Advisors LP (4.27%), Geode Capital Management LLC (1.67%), State Street Corp (1.66%) and Renaissance Technologies LLC (1.16%). Insiders that own company stock include David W Moore, Dawn M Willey, Donna J Stevens, John Lamon, Konrad Wayson, Lloyd L Beatty Jr, R Michael Clemmer 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 $11.63.

Shore Bancshares (NASDAQ:SHBI) has a market capitalization of $231.40 million and generates $126.91 million in revenue each year. The bank earns $31.18 million in net income (profit) each year or $1.61 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.