NASDAQ
SHBI

Shore Bancshares Inc

Banks-Regional
Financial Services

Prices are adjusted according to historical splits.

Shore Bancshares Inc Stock Price

Vitals

Today's Low:
$10.88
Today's High:
$11.04
Open Price:
$10.88
52W Low:
$10.4946
52W High:
$20.2696
Prev. Close:
$10.91
Volume:
49143

Company Statistics

Market Cap.:
$361.37 million
Book Value:
18.242
Revenue TTM:
$121.24 million
Operating Margin TTM:
37.52%
Gross Profit TTM:
$122.46 million
Profit Margin:
23.54%
Return on Assets TTM:
0.81%
Return on Equity TTM:
7.97%

Company Profile

Shore Bancshares Inc had its IPO on 2001-03-22 under the ticker symbol SHBI.

The company operates in the Financial Services sector and Banks-Regional industry. Shore Bancshares Inc has a staff strength of 464 employees.

Stock update

Shares of Shore Bancshares Inc opened at $10.88 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $10.88 - $11.04, and closed at $11.

This is a +0.82% increase from the previous day's closing price.

A total volume of 49,143 shares were traded at the close of the day’s session.

In the last one week, shares of Shore Bancshares Inc have slipped by -4.26%.

Shore Bancshares Inc's Key Ratios

Shore Bancshares Inc has a market cap of $361.37 million, indicating a price to book ratio of 1.059 and a price to sales ratio of 2.9128.

In the last 12-months Shore Bancshares Inc’s revenue was $121.24 million with a gross profit of $122.46 million and an EBITDA of $0. The EBITDA ratio measures Shore Bancshares Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Shore Bancshares Inc’s operating margin was 37.52% while its return on assets stood at 0.81% with a return of equity of 7.97%.

In Q2, Shore Bancshares Inc’s quarterly earnings growth was a negative -47.1% while revenue growth was a negative 10.3%.

Shore Bancshares Inc’s PE and PEG Ratio

Forward PE
10.0301
Trailing PE
7.5764
PEG
1.78

Its diluted EPS in the last 12-months stands at $1.44 per share while it has a forward price to earnings multiple of 10.0301 and a PEG multiple of 1.78. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Shore Bancshares Inc’s profitability.

Shore Bancshares Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.9128.

Shore Bancshares Inc stock pays annual dividends of $0.48 per share, indicating a yield of 4.41% and a payout ratio of 33.57%.

Balance sheet and cash flow metrics

Total Assets
$3.64 billion
Total Liabilities
$276.00 million
Operating Cash Flow
$-76531000.00
Capital Expenditure
$1.15 million
Dividend Payout Ratio
33.57%

Shore Bancshares Inc ended 2024 with $3.64 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.64 billion while shareholder equity stood at $363.14 million.

Shore Bancshares Inc ended 2024 with $0 in deferred long-term liabilities, $276.00 million in other current liabilities, 199000.00 in common stock, $169.49 million in retained earnings and $63.27 million in goodwill. Its cash balance stood at $45.83 million and cash and short-term investments were $123.90 million. The company’s total short-term debt was $276,000,000 while long-term debt stood at $43.23 million.

Shore Bancshares Inc’s total current assets stands at $123.90 million while long-term investments were $616.45 million and short-term investments were $78.07 million. Its net receivables were $10.08 million compared to accounts payable of $2.96 million and inventory worth $0.

In 2024, Shore Bancshares Inc's operating cash flow was $-76531000.00 while its capital expenditure stood at $1.15 million.

Comparatively, Shore Bancshares Inc paid $0.34 in dividends in 2024.

Other key metrics

Current Trading Price
$11
52-Week High
$20.2696
52-Week Low
$10.4946
Analyst Target Price
$14.67

Shore Bancshares Inc stock is currently trading at $11 per share. It touched a 52-week high of $20.2696 and a 52-week low of $20.2696. Analysts tracking the stock have a 12-month average target price of $14.67.

Its 50-day moving average was $11.49 and 200-day moving average was $14 The short ratio stood at 1.43 indicating a short percent outstanding of 0%.

Around 831.4% of the company’s stock are held by insiders while 3717.5% are held by institutions.

Frequently Asked Questions About Shore Bancshares Inc

The stock symbol (also called stock or share ticker) of Shore Bancshares Inc is SHBI

The IPO of Shore Bancshares Inc took place on 2001-03-22

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About

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 financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine services. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

Address

18 East Dover Street, Easton, MD, United States, 21601