Shore Bancshares, Inc. (SHBI)

NASDAQ: SHBI · IEX Real-Time Price · USD
17.03
-0.35 (-2.01%)
Jan 27, 2023, 4:00 PM EST - Market closed
-2.01%
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]

Sector Financials
CEO Mr. Lloyd Beatty
Employees 454
Stock Exchange NASDAQ
Ticker Symbol SHBI
Full Company Profile

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 Statements

Analyst 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.

Price Target
$21.59
(26.78% upside)
Analyst Consensus: Buy
Stock Forecasts

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?

1 day ago - Zacks Investment Research

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...

1 day ago - PRNewsWire

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...

3 weeks ago - Zacks Investment Research

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...

Other symbols: TCFC
1 month ago - PRNewsWire

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 ...

Other symbols: TCFC
1 month ago - PRNewsWire

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...

1 month ago - Zacks Investment Research

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 ...

1 month ago - Business Wire

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.

1 month ago - Zacks Investment Research

Best Momentum Stock to Buy for December 15th

WTKWY, SHBI and CFBK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 15, 2022.

Other symbols: CFBK
1 month ago - Zacks Investment Research

New Strong Buy Stocks for December 15th

WTKWY, SHBI, NKSH, ALX and EQBK have been added to the Zacks Rank #1 (Strong Buy) List on December 15, 2022.

Other symbols: ALXEQBKNKSH
1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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...

Other symbols: TCFC
1 month ago - PRNewsWire

Best Momentum Stocks to Buy for December 12th

SHBI and BCS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 12, 2022.

Other symbols: BCS
1 month ago - Zacks Investment Research

New Strong Buy Stocks for December 12th

HLAN, SHBI, BCS, WTFC and NVT have been added to the Zacks Rank #1 (Strong Buy) List on December 12, 2022.

Other symbols: BCSNVTWTFC
1 month ago - Zacks Investment Research

New Strong Buy Stocks for December 8th

OFS, CCB, WTKWY, MCRI and SHBI have been added to the Zacks Rank #1 (Strong Buy) List on December 8, 2022.

Other symbols: CCBMCRIOFS
1 month ago - Zacks Investment Research

New Strong Buy Stocks for December 5th

LMNR, CIR, TITN, RPM and SHBI have been added to the Zacks Rank #1 (Strong Buy) List on December 5, 2022.

Other symbols: CIRLMNRRPMTITN
1 month ago - Zacks Investment Research

4 Top Breakout Stocks to Buy for Attractive Returns

Invest in breakout stocks like Pearson (PSO), A10 Networks (ATEN), Carlyle Secured Lending (CGBD) & Shore Bancshares (SHBI) for solid returns.

Other symbols: ATENCGBDPSO
2 months ago - Zacks Investment Research

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, ...

3 months ago - PRNewsWire

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,...

3 months ago - PRNewsWire

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.

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

Best Momentum Stocks to Buy for November 24th

COTY, KRO, NVMI, and SHBI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 24, 2021.

Other symbols: COTYKRONVMI
1 year ago - Zacks Investment Research