Shore Bancshares Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Shore Bancshares stock have an average target of 15, with a low estimate of 14 and a high estimate of 16. The average target predicts an increase of 47.64% from the current stock price of 10.16.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$14	$15	$16	$16
Change	+37.80%	+47.64%	+57.48%	+57.48%

* Price targets were last updated on Jul 11, 2023.

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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
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
Casey Orr Whitman Piper Sandler	Piper Sandler	Buy Maintains $22 → $16	Buy	Maintains	$22 → $16	+57.48%	Jul 11, 2023
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $16 → $14	Hold	Maintains	$16 → $14	+37.80%	May 23, 2023
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $18 → $16	Hold	Maintains	$18 → $16	+57.48%	Apr 6, 2023
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $22 → $18	Hold	Maintains	$22 → $18	+77.17%	Mar 3, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

179.07M

from 137.51M

30.22%

from 137.51M

Revenue Next Year

192.19M

from 179.07M

7.33%

from 179.07M

EPS This Year

1.48

from 0.42

252.95%

from 0.42

EPS Next Year

1.68

from 1.48

13.53%

from 1.48

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	59.45M	59.45M	77.99M	122.46M	137.51M	179.07M	192.19M
Revenue Growth	2.55%	-0.01%	31.19%	57.03%	12.29%	30.22%	7.33%
EPS	1.27	1.27	1.17	1.57	0.42	1.48	1.68
EPS Growth	-35.20%	-	-7.87%	34.19%	-73.25%	252.95%	13.53%
No. Analysts	-	-	-	-	-	5	5

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

Revenue Forecast

Revenue	2024	2025
High	185.6M	202.6M
Avg	179.1M	192.2M
Low	171.3M	180.0M

Revenue Growth

Revenue Growth	2024	2025
High	35.0%	13.1%
Avg	30.2%	7.3%
Low	24.6%	0.5%

EPS Forecast

EPS	2024	2025
High	1.65	1.87
Avg	1.48	1.68
Low	1.35	1.54

EPS Growth

EPS Growth	2024	2025
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.