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Shore Bancshares Inc. (SHBI)

Stock Price: $16.72 USD -0.06 (-0.36%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 196.37M
Revenue (ttm) 59.45M
Net Income (ttm) 15.73M
Shares Out 11.75M
EPS (ttm) 1.36
PE Ratio 12.29
Forward PE n/a
Dividend $0.48
Dividend Yield 2.87%
Trading Day May 7
Last Price $16.72
Previous Close $16.78
Change ($) -0.06
Change (%) -0.36%
Day's Open 16.60
Day's Range 16.46 - 16.90
Day's Volume 25,260
52-Week Range 7.77 - 18.10

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Shore Bancshares (SHBI) delivered earnings and revenue surprises of 6.25% and -4.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

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, ...

1 week ago - PRNewsWire

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 Ban...

2 weeks ago - Business Wire

Shore Bancshares (SHBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

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, Maryland.

3 weeks ago - PRNewsWire

Top Ranked Income Stocks to Buy for March 23rd

Other stocks mentioned: BHP, CHMG, LCNB
1 month ago - Zacks Investment Research

The Severn acquisition will mark Shore's (SHBI) entry into Anne Arundel County and bolster its performance, going forward.

2 months ago - Zacks Investment Research

EASTON, Md. and ANNAPOLIS, Md., March 3, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ( "Shore"), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn...

Other stocks mentioned: SVBI
2 months ago - PRNewsWire

Shore Bancshares (SHBI) has been struggling lately, but the selling pressure may be coming to an end soon.

2 months ago - Zacks Investment Research

EASTON, Md., Feb. 3, 2021 /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, pay...

3 months ago - PRNewsWire

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 28.00% and 5.35%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

EASTON, Md., Jan. 28, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported income from continuing operations of $3.886 million or $0.32 per diluted common share for the fo...

3 months ago - PRNewsWire

Shore Bancshares (SHBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

EASTON, Md., Dec. 22, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Dawn M. Willey as a director of both the Company and Shore United Bank...

4 months ago - PRNewsWire

Shore Bancshares (SHBI) announces a new share repurchase program to repurchase shares worth up to $5 million by Dec 31, 2021.

5 months ago - Zacks Investment Research

EASTON, Md., Nov. 24, 2020 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company") (NASDAQ:SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to a...

5 months ago - PRNewsWire

EASTON, Md., Oct. 28, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the largest independent bank holding company located on Maryland's Eastern Shore, announced that its ban...

6 months ago - PRNewsWire

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 42.11% and 2.44%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

EASTON, Md., Oct. 22, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported income from continuing operations of $3.391 million or $0.27 per diluted common share for the t...

6 months ago - PRNewsWire

Shore Bancshares (SHBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

Shore Bancshares (SHBI) reinstates its 2020 share repurchase plan, wherein it has $5.5 million remaining of common stock buyback authority.

8 months ago - Zacks Investment Research

EASTON, Md., Sept. 1, 2020 /PRNewswire/ -- Shore Bancshares, Inc.

8 months ago - PRNewsWire

EASTON, Md., Aug. 25, 2020 /PRNewswire/ -- Shore Bancshares, Inc.

8 months ago - PRNewsWire

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 for Easton, Maryland base...

8 months ago - Business Wire

EASTON, Md., Aug. 5, 2020 /PRNewswire/ -- Shore Bancshares, Inc.

9 months ago - PRNewsWire

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 138.89% and 6.04%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

EASTON, Md., July 23, 2020 /PRNewswire/ -- Shore Bancshares, Inc.

9 months ago - PRNewsWire

Shore Bancshares (SHBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

EASTON, Md., June 29, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of William E. Esham III as a director of both the Company and Shore Unite...

10 months ago - PRNewsWire

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

11 months ago - Zacks Investment Research

About SHBI

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... [Read more...]

Industry
Banks-Regional
Founded
1876
Stock Exchange
NASDAQ
Ticker Symbol
SHBI
Full Company Profile

Financial Performance

In 2020, SHBI's revenue was $59.45 million, a decrease of -0.01% compared to the previous year's $59.45 million. Earnings were $15.73 million, a decrease of -2.89%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for SHBI stock is "Hold." The 12-month stock price forecast is 18.50, which is an increase of 10.65% from the latest price.

Price Target
$18.50
(10.65% upside)
Analyst Consensus: Hold