Shore Bancshares Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Shore Bancshares stock has a target of 20, which predicts an increase of 24.92% from the current stock price of 16.01.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$20	$20	$20	$20
Change	+24.92%	+24.92%	+24.92%	+24.92%

Analyst Ratings

The average analyst rating for SHBI stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	1
Hold	2	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $16 → $20	Hold → Buy	Upgrades	$16 → $20	+24.92%	Dec 4, 2024
John Rodis Janney Montgomery Scott	Janney Montgomery Scott	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Jul 30, 2024
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $13 → $15	Hold	Maintains	$13 → $15	-6.31%	Jul 26, 2024
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $14 → $13	Hold	Maintains	$14 → $13	-18.80%	May 3, 2024
John Rodis Janney Montgomery Scott	Janney Montgomery Scott	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Aug 15, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

172.84M

Revenue Next Year

185.33M

from 172.84M

7.23%

from 172.84M

EPS This Year

1.31

from 0.42

210.86%

from 0.42

EPS Next Year

1.54

from 1.31

17.97%

from 1.31

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	172.84M	185.33M	205.53M
Revenue Growth	2.55%	-0.01%	31.19%	57.03%	5.09%	-	7.23%	10.90%
EPS	1.27	1.27	1.17	1.57	0.42	1.31	1.54	1.79
EPS Growth	-35.13%	-0.23%	-7.76%	34.02%	-73.25%	210.86%	17.97%	15.89%
Forward PE	-	-	-	-	-	12.26	10.39	8.97
No. Analysts	-	-	-	-	-	4	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	178.9M	195.5M	211.6M
Avg	172.8M	185.3M	205.5M
Low	165.1M	173.7M	197.5M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	13.1%	14.2%
Avg	-	7.2%	10.9%
Low	-	0.5%	6.6%

EPS Forecast

EPS	2024	2025	2026
High	1.37	1.68	1.84
Avg	1.31	1.54	1.79
Low	1.23	1.39	1.71

EPS Growth

EPS Growth	2024	2025	2026
High	225.0%	28.7%	19.3%
Avg	210.9%	18.0%	15.9%
Low	194.0%	6.6%	11.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.