Shore Bancshares, Inc. (SHBI)
| Market Cap | 533.56M |
| Revenue (ttm) | 193.05M |
| Net Income (ttm) | 41.10M |
| Shares Out | 33.33M |
| EPS (ttm) | 1.23 |
| PE Ratio | 12.98 |
| Forward PE | 10.93 |
| Dividend | $0.48 (3.00%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 227,606 |
| Open | 15.55 |
| Previous Close | 15.73 |
| Day's Range | 15.55 - 16.11 |
| 52-Week Range | 10.06 - 17.61 |
| Beta | 0.95 |
| Analysts | Buy |
| Price Target | 20.00 (+24.92%) |
| Earnings Date | Jan 29, 2025 |
About SHBI
Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank, N.A. 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 rece... [Read more]
Financial Performance
In 2023, Shore Bancshares's revenue was $128.70 million, an increase of 5.09% compared to the previous year's $122.46 million. Earnings were $11.23 million, a decrease of -63.99%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for SHBI stock is "Buy." The 12-month stock price forecast is $20.0, which is an increase of 24.92% from the latest price.
News
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md. , Oct. 30, 2024 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, ...
Shore Bancshares, Inc. Reports 2024 First Quarter Financial Results
EASTON, Md. , May 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A.
Shore Bancshares, Inc. Reports 2023 Fourth Quarter and Annual Results
EASTON, Md. , Jan. 31, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A.
Shore Bancshares, Inc. Reports Third Quarter 2023 Net Loss of $6.4 million Due to One-Time Merger Related Activity
EASTON, Md. , Nov. 1, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A.
Shore Bancshares Reports Second Quarter and First-Half Financial Results
EASTON, Md. , July 27, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore Bancshares") reported net income of $4.018 million or $0.20 per diluted common share for the ...
Shore Bancshares, Inc. and The Community Financial Corporation Complete Merger
EASTON, Md. , July 3, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ("SHBI"), the financial holding company of Shore United Bank, N.A.
Shore Bancshares, Inc. and The Community Financial Corporation Announce Receipt of Shareholder Approval for Merger of Equals
EASTON, Md. and WALDORF, Md.
COMMUNITY FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Community Financial Corporation - TCFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The Community Fi...
These banks have high exposure to loans secured by office properties — here's how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Shore Bancshares Reports First Quarter 2023 Financial Results
EASTON, Md. , April 27, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares") reported net income of $6.457 million or $0.32 per diluted common share for th...
Shore Bancshares, Inc. and The Community Financial Corporation Announce Receipt of Regulatory Approval for Merger of Equals
EASTON, Md. and WALDORF, Md.
Shore Bancshares Reports 2022 Financial Results
EASTON, Md. , Jan. 26, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 202...
Shore Bancshares, Inc. and The Community Financial Corporation Announce Merger of Equals; Creates One of Maryland's Top Community Banks with Approximately $6 Billion in Assets
Highlights of the Announced Transaction: Creates a bank holding company with approximately $6 billion in assets and a market capitalization of approximately $650 million The combined company will have...
Shore Bancshares Reports Third Quarter and Nine-Month Financial Results
EASTON, Md. , Oct. 27, 2022 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022,...
Shore Bancshares, Inc. Announces New Board Member
EASTON, Md. , Aug. 2, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Esther A.
Shore Bancshares Announces New Stock Repurchase Program
EASTON, Md. , July 6, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Boar...
Shore Bancshares Reports First Quarter 2022 Financial Results
EASTON, Md. , April 28, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $5.613 million or $0.28 per diluted common share for the first quarter of 202...
Shore Bancshares Reports 2021 Financial Results and Quarterly Dividend of $0.12 Per share
EASTON, Md., Feb. 14, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021...
Shore Bancshares, Inc. Announces Completion of Acquisition of Severn Bancorp, Inc.
EASTON, Md., Nov. 1, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore"), the holding company of Shore United Bank, National Association (the "Shore United"), announc...
Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Receipt of Shareholder Approval for Merger
EASTON, Md. and ANNAPOLIS, Md.
Shore Bancshares, Inc. Announces Receipt Of Regulatory Approvals For Acquisition Of Severn Bancorp, Inc.
EASTON, Md., Sept. 27, 2021 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company" or "Shore") (NASDAQ:SHBI), the holding company of Shore United Bank, announced today that it has received regulatory a...
Shore Bancshares Announces Resignation of Board of Director David J. Bates
EASTON, Md., Aug. 12, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) announced today that David J.
Shore Bancshares Reports First Quarter 2021 Financial Results
EASTON, Md., April 29, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021...
Shore Bancshares Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – SHBI
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and Severn Bancorp, Inc. is fair to Shore B...
Shore United Bank Announces New Branch in South Ocean City, Maryland
EASTON, Md. , April 13, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, will open a new office on 34st South Ocean City, Mary...