Shore Bancshares, Inc. (SHBI)
NASDAQ: SHBI · IEX Real-Time Price · USD
11.27
-0.26 (-2.25%)
May 23, 2024, 4:00 PM EDT - Market closed

Shore Bancshares Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Shore Bancshares stock have an average target of 14.5, with a low estimate of 13 and a high estimate of 16. The average target predicts an increase of 28.66% from the current stock price of 11.27.

Analyst Consensus: Buy
Target Low Average Median High
Price $13 $14.5 $16 $16
Change +15.35% +28.66% +41.97% +41.97%

Analyst Ratings

The average analyst rating for SHBI stock from 3 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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 111111
Buy 111111
Hold 222221
Sell 000000
Strong Sell 000000
Total 444443

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$14$13
Hold Maintains $14$13 +15.35% May 3, 2024
Janney Montgomery Scott
Janney Montgomery Scott
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Aug 15, 2023
Piper Sandler
Piper Sandler
Buy
Maintains
$22$16
Buy Maintains $22$16 +41.97% Jul 11, 2023
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$16$14
Hold Maintains $16$14 +24.22% May 23, 2023
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$18$16
Hold Maintains $18$16 +41.97% Apr 6, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
179.07M
from 137.51M
Increased by 30.22%
Revenue Next Year
192.19M
from 179.07M
Increased by 7.33%
EPS This Year
1.48
from 0.42
Increased by 252.95%
EPS Next Year
1.68
from 1.48
Increased by 13.53%
Year 2019202020212022202320242025
Revenue
59.45M59.45M77.99M122.46M137.51M179.07M192.19M
Revenue Growth
2.55%-0.01%31.19%57.03%12.29%30.22%7.33%
EPS
1.271.271.171.570.421.481.68
EPS Growth
-35.20%--7.87%34.19%-73.25%252.95%13.53%
No. Analysts -----55
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 185.6M 202.6M
Avg 179.1M 192.2M
Low 171.3M 180.0M

Revenue Growth

Revenue Growth 20242025
High
35.0%
13.1%
Avg
30.2%
7.3%
Low
24.6%
0.5%

EPS Forecast

EPS 20242025
High 1.65 1.87
Avg 1.48 1.68
Low 1.35 1.54

EPS Growth

EPS Growth 20242025
High
292.5%
26.1%
Avg
253.0%
13.5%
Low
222.0%
3.8%
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.