Shore Bancshares Inc. (SHBI)

NASDAQ: SHBI · IEX Real-Time Price · USD
20.16 -0.14 (-0.69%)
Jan 21, 2022 4:00 PM EST - Market closed
Market Cap399.28M
Revenue (ttm)66.26M
Net Income (ttm)16.53M
Shares Out19.81M
EPS (ttm)1.40
PE Ratio14.41
Forward PEn/a
Dividend$0.48 (2.38%)
Ex-Dividend DateNov 10, 2021
Volume47,553
Open20.32
Previous Close20.30
Day's Range20.05 - 20.58
52-Week Range12.99 - 23.19
Beta0.98
AnalystsBuy
Price Target22.00 (+9.1%)
Earnings DateJan 27, 2022

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...

IndustryBanks
Founded1876
Employees287
Stock ExchangeNASDAQ
Ticker SymbolSHBI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SHBI stock is "Buy." The 12-month stock price forecast is 22.00, which is an increase of 9.13% from the latest price.

Price Target
$22.00
(9.13% upside)
Analyst Consensus: Buy

News

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 month ago - Zacks Investment Research

Best Momentum Stocks to Buy for November 18th

CLFD, CVCO, GIL, and SHBI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 18, 2021.

Other symbols:CLFDCVCOGIL
2 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for November 16th

NMRK, SHBI, CG, and BLDR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 16, 2021.

Other symbols:BLDRCGNMRK
2 months ago - Zacks Investment Research

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

EASTON, Md., Nov. 2, 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, pa...

2 months 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"), announced...

2 months ago - PRNewsWire

Shore Bancshares Reports Third Quarter and Nine-Month Financial Results

EASTON, Md., Oct. 28, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.617 million or $0.39 per diluted common share for the third quarter of 2021, c...

2 months 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 app...

3 months 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.

5 months ago - PRNewsWire

Shore Bancshares (SHBI) Q2 Earnings and Revenues Surpass Estimates

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 13.33% and 2.61%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Shore Bancshares Reports Second Quarter and First-Half Financial Results

EASTON, Md., July 29, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.031 million or $0.34 per diluted common share for the second quarter of 2021, ...

5 months ago - PRNewsWire

Analysts Estimate Shore Bancshares (SHBI) to Report a Decline in Earnings: What to Look Out for

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) Q1 Earnings Beat Estimates

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?

8 months ago - Zacks Investment Research

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, ...

8 months ago - PRNewsWire

Shore Bancshares Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Shore Banc...

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...

8 months ago - Business Wire

Shore Bancshares (SHBI) Earnings Expected to Grow: Should You Buy?

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

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, Maryland.

9 months ago - PRNewsWire

Top Ranked Income Stocks to Buy for March 23rd

Top Ranked Income Stocks to Buy for March 23rd

Other symbols:BHPCHMGLCNB
10 months ago - Zacks Investment Research

Shore (SHBI) and Severn Strike Merger Deal Worth $146 Million

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

10 months ago - Zacks Investment Research

Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Execution of Merger Agreement Creates 3rd Largest Bank Headq...

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...

10 months ago - PRNewsWire

Shore Bancshares (SHBI) Sees Hammer Chart Pattern: Time to Buy?

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

11 months ago - Zacks Investment Research

Shore Bancshares (SHBI) Q4 Earnings and Revenues Surpass Estimates

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?

11 months ago - Zacks Investment Research

Shore Bancshares Reports 2020 Results

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...

11 months ago - PRNewsWire

Earnings Preview: Shore Bancshares (SHBI) Q4 Earnings Expected to Decline

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.

11 months ago - Zacks Investment Research

Shore Bancshares, Inc. Announce New Board Member

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...

1 year ago - PRNewsWire