Shore Bancshares, Inc. (SHBI)
| Market Cap | 338.30M |
| Revenue (ttm) | 117.60M |
| Net Income (ttm) | 25.49M |
| Shares Out | 19.87M |
| EPS (ttm) | 1.24 |
| PE Ratio | 13.73 |
| Forward PE | 10.03 |
| Dividend | $0.48 (2.82%) |
| Ex-Dividend Date | Nov 9, 2022 |
| Volume | 63,024 |
| Open | 17.44 |
| Previous Close | 17.38 |
| Day's Range | 16.99 - 17.44 |
| 52-Week Range | 16.99 - 21.41 |
| Beta | 0.90 |
| Analysts | Buy |
| Price Target | 21.59 (+26.78%) |
| Earnings Date | Feb 13, 2023 |
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]
Financial Performance
In 2021, SHBI's revenue was $77.99 million, an increase of 31.19% compared to the previous year's $59.45 million. Earnings were $15.37 million, a decrease of -2.30%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for SHBI stock is "Buy." The 12-month stock price forecast is $21.59, which is an increase of 26.78% from the latest price.
News
Shore Bancshares (SHBI) Lags Q4 Earnings and Revenue Estimates
Shore Bancshares (SHBI) delivered earnings and revenue surprises of -6.12% and 1.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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...
After Plunging -12.41% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)
The heavy selling pressure might have exhausted for Shore Bancshares (SHBI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street an...
SHAREHOLDER ALERT: Weiss Law Investigates The Community Financial Corporation
NEW YORK , Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Community Financial Corporation ("T...
SHAREHOLDER ALERT: Weiss Law Investigates Shore Bancshares, Inc.
NEW YORK , Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shore Bancshares, Inc. ("Shore" or the ...
After Plunging 12.8% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)
The heavy selling pressure might have exhausted for Shore Bancshares (SHBI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street an...
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 ...
Shore Bancshares (SHBI) Upgraded to Strong Buy: Here's Why
Shore Bancshares (SHBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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SHBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and The Community Financial Corporation is fair...
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...
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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md. , Nov. 2, 2022 /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 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 Reports Second Quarter and First-Half Financial Results
EASTON, Md. , July 28, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported net income of $7.499 million or $0.38 per diluted common share for the second quarter of 2022...
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...
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