Shore Bancshares, Inc. (SHBI)

NASDAQ: SHBI · IEX Real-Time Price · USD
10.08
-0.09 (-0.88%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.88%
Market Cap 334.11M
Revenue (ttm) 137.51M
Net Income (ttm) 11.23M
Shares Out 33.15M
EPS (ttm) 0.42
PE Ratio 24.00
Forward PE 6.80
Dividend $0.48 (4.76%)
Ex-Dividend Date Feb 9, 2024
Volume 58,927
Open 10.35
Previous Close 10.17
Day's Range 10.06 - 10.35
52-Week Range 9.66 - 14.51
Beta 0.91
Analysts Buy
Price Target 15.00 (+48.81%)
Earnings Date Apr 25, 2024

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]

Sector Financials
Founded 1876
Employees 610
Stock Exchange NASDAQ
Ticker Symbol SHBI
Full Company Profile

Financial Performance

In 2023, SHBI's revenue was $137.51 million, an increase of 12.29% compared to the previous year's $122.46 million. Earnings were $11.23 million, a decrease of -63.99%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SHBI stock is "Buy." The 12-month stock price forecast is $15.0, which is an increase of 48.81% from the latest price.

Price Target
$15.0
(48.81% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share

EASTON, Md. , Feb. 2, 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,...

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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.

6 months ago - PRNewsWire

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 ...

9 months ago - PRNewsWire

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.

10 months ago - PRNewsWire

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...

1 year ago - Business Wire

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...

1 year ago - Market Watch

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...

1 year ago - PRNewsWire

SHAREHOLDER ALERT: Weiss Law Reminds DCP, MLVF, SHBI, and CBIO Shareholders About Its Ongoing Investigations

NEW YORK , March 7, 2023 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights...

1 year ago - PRNewsWire

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 year ago - PRNewsWire

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...

1 year 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 ...

1 year ago - PRNewsWire

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 year 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...

1 year 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,...

1 year 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.

1 year 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...

1 year 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...

2 years 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...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire

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.

2 years ago - PRNewsWire