SHBI - Shore Bancshares Inc Stock Price, Fair Value and News

10.53USD-0.05 (-0.47%)Market Closed

Market Summary

USD10.53-0.05

Market Closed

-0.47%

SHBI Stock Price

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SHBI RSI Chart

SHBI Valuation

Market Cap

349.7M

Price/Earnings (Trailing)

31.15

Price/Sales (Trailing)

1.63

EV/EBITDA

0.33

Price/Free Cashflow

20.87

SHBI Price/Sales (Trailing)

SHBI Profitability

EBT Margin

6.63%

Return on Equity

2.2%

Return on Assets

0.19%

Free Cashflow Yield

4.79%

SHBI Fundamentals

SHBI Revenue

Revenue (TTM)

214.1M

Rev. Growth (Yr)

120.39%

Rev. Growth (Qtr)

-0.16%

SHBI Earnings

Earnings (TTM)

11.2M

Earnings Growth (Yr)

24.78%

Earnings Growth (Qtr)

207.73%

Breaking Down SHBI Revenue

Last 7 days

1.0%

Last 30 days

-7.6%

Last 90 days

-23.5%

Trailing 12 Months

-19.9%

How does SHBI drawdown profile look like?

SHBI Financial Health

Debt/Equity

0.14

Debt/Cashflow

0.31

SHBI Investor Care

Dividend Yield

4.56%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

66.90%

Diluted EPS (TTM)

0.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	124.6M	134.5M	175.2M	214.1M
2022	79.1M	90.3M	104.0M	113.8M
2021	60.3M	61.3M	63.3M	70.2M
2020	59.8M	59.6M	59.3M	59.7M
2019	57.5M	58.5M	59.5M	59.8M
2018	50.5M	52.7M	54.0M	55.9M
2017	41.2M	42.6M	45.3M	47.8M
2016	39.3M	39.8M	40.2M	40.7M
2015	38.3M	38.3M	38.4M	38.9M
2014	40.2M	39.0M	38.5M	38.3M
2013	44.7M	43.7M	42.5M	41.4M
2012	50.0M	48.9M	47.5M	45.9M
2011	54.4M	53.1M	52.1M	50.9M
2010	0	57.7M	56.6M	55.5M
2009	0	0	0	58.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Shore Bancshares Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	lombardi christy	acquired	-	-	338	chief human resources officer
Mar 06, 2024	ebron brian scot	acquired	-	-	296	chief banking officer
Mar 06, 2024	tay talal	acquired	-	-	247	chief risk officer
Mar 06, 2024	pierce lacey amanda	acquired	-	-	245	evp, cao
Mar 06, 2024	capitani todd l	acquired	-	-	340	evp & cfo
Mar 06, 2024	burke james m	acquired	-	-	1,563	president & ceo
Mar 04, 2024	lamon john	bought	6,514	11.2713	578	-
Feb 20, 2024	adams michael brian	bought	5,800	11.6	500	-
Feb 13, 2024	willey dawn m.	bought	110,200	11.02	10,000	-
Feb 10, 2024	lombardi christy	acquired	-	-	328	chief human resources officer

Which funds bought or sold SHBI recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-2.19	-734,301	2,751,170	-%
Apr 25, 2024	Lindbrook Capital, LLC	new	-	3,910	3,910	-%
Apr 24, 2024	BROWN ADVISORY INC	reduced	-0.4	-247,843	1,015,520	-%
Apr 24, 2024	Assenagon Asset Management S.A.	added	37.97	107,120	1,051,050	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.29	-24,000	12,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	59,355	226,760	-%
Apr 22, 2024	Bay Harbor Wealth Management, LLC	new	-	11,500	11,500	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	0.7	-31,593	137,069	-%
Apr 18, 2024	CHAPIN DAVIS, INC.	reduced	-10.26	-76,625	201,250	0.07%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	-	-	-%

Are Funds Buying or Selling SHBI?

Are funds buying SHBI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SHBI

No. of Funds

Unveiling Shore Bancshares Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	fourthstone llc	9.93%	3,289,744	SC 13G/A
Feb 14, 2024	hyatt alan j	5.3%	1,763,505	SC 13G/A
Feb 08, 2024	fj capital management llc	0.46%	152,641	SC 13G/A
Jan 24, 2024	blackrock inc.	9.1%	3,008,321	SC 13G/A
Jul 07, 2023	blackrock inc.	11.3%	2,249,043	SC 13G/A
Feb 14, 2023	fourthstone llc	8.80%	1,748,027	SC 13G/A
Feb 09, 2023	hyatt alan j	4.3%	1,761,044	SC 13G/A
Feb 08, 2023	fj capital management llc	9.47%	1,880,651	SC 13G/A
Feb 03, 2023	blackrock inc.	5.8%	1,159,663	SC 13G
Feb 14, 2022	hyatt alan j	4.3%	1,759,970	SC 13G

Recent SEC filings of Shore Bancshares Inc

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	DEFA14A	DEFA14A
Apr 16, 2024	ARS	ARS
Apr 16, 2024	DEF 14A	DEF 14A
Apr 16, 2024	DEFA14A	DEFA14A
Mar 15, 2024	10-K	Annual Report
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading

Peers (Alternatives to Shore Bancshares Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	557.3B	171.1B	-3.02%	41.18%	11.25	3.26	60.72%	31.52%
BAC	297.7B	130.3B	-	30.88%	11.23	2.29	79.51%	-3.68%
WFC	214.3B	85.7B	3.98%	51.03%	11.19	2.5	41.49%	39.96%
C	119.7B	133.3B	-0.18%	34.65%	12.97	0.9	79.09%	-
CFG	16.1B	10.2B	-1.93%	16.75%	10.02	1.58	44.53%	-22.43%
KEY	13.7B	7.9B	-6.07%	34.16%	14.19	1.73	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	-4.02%	25.94%	9.92	1.62	34.68%	-45.96%
ZION	6.2B	3.9B	-3.20%	57.15%	9.1	1.57	45.91%	-25.03%
ABCB	3.3B	1.3B	-0.60%	41.74%	12.27	2.58	43.24%	-22.35%
ASB	3.3B	2.0B	1.46%	20.10%	17.81	1.66	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	400.7M	164.9M	-6.54%	37.44%	34.26	2.43	42.66%	-70.76%
AROW	378.6M	162.6M	-8.08%	4.96%	12.59	2.33	25.39%	-38.37%
ACNB	280.5M	96.6M	-10.60%	4.96%	8.85	2.9	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.95%	-12.04%	-13.48	0.74	24.06%	-144.92%

Shore Bancshares Inc News

Latest updates

Shore Bancshares Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.2%	71.00	71.00	37.00	35.00	32.00	31.00	27.00	24.00	22.00	17.00	16.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00
EBITDA Margin	-7.1%	0.70*	0.75*	1.05*	1.19*	1.26*	1.25*	1.24*	1.22*	1.22*	1.27*	1.24*	1.27*	-	-	-	-	-	-	-	-	-
Interest Expenses	-9.0%	42.00	46.00	22.00	26.00	27.00	27.00	25.00	22.00	21.00	16.00	14.00	14.00	14.00	13.00	13.00	13.00	13.00	13.00	12.00	12.00	13.00
Income Taxes	180.5%	4.00	-4.99	1.00	2.00	3.00	3.00	3.00	2.00	1.00	2.00	1.00	1.00	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	198.5%	15.00	-14.73	6.00	9.00	11.00	13.00	10.00	8.00	4.00	6.00	5.00	5.00	5.00	5.00	7.00	4.00	5.00	6.00	6.00	5.00	5.00
EBT Margin	5.2%	0.07*	0.06*	0.29*	0.35*	0.37*	0.33*	0.31*	0.29*	0.30*	0.35*	0.34*	0.37*	-	-	-	-	-	-	-	-	-
Net Income	207.7%	10.00	-9.74	4.00	6.00	8.00	10.00	7.00	6.00	3.00	5.00	4.00	4.00	4.00	3.00	5.00	3.00	4.00	4.00	4.00	4.00	12.00
Net Income Margin	0.5%	0.05*	0.05*	0.21*	0.26*	0.27*	0.25*	0.23*	0.21*	0.22*	0.26*	0.25*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	230.4%	34.00	-25.89	-1.72	11.00	2.00	6.00	17.00	24.00	-23.42	3.00	6.00	3.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.4%	6,011	5,705	3,642	3,554	3,477	3,447	3,443	3,494	3,460	1,100	2,261	2,120	2,040	1,933	1,828	1,720	1,571	1,559	1,562	1,489	1,486
Cash Equivalents	242.6%	372	109	46.00	38.00	55.00	163	403	571	584	-	311	237	227	187	156	126	96.00	95.00	103	39.00	59.00
Net PPE	1.5%	82.00	81.00	51.00	51.00	51.00	52.00	52.00	52.00	52.00	-	27.00	25.00	25.00	25.00	25.00	25.00	25.00	24.00	24.00	23.00	23.00
Goodwill	0%	63.00	63.00	63.00	63.00	63.00	63.00	63.00	63.00	63.00	46.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00
Liabilities	5.7%	5,500	5,204	3,278	3,192	3,113	3,090	3,090	3,143	3,109	-	2,059	1,922	1,844	1,738	1,629	1,519	1,376	1,366	1,368	1,297	1,299
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00	1.00	17.00	26.00	31.00
Long Term Debt	-	72.00	-	-	-	43.00	-	-	-	-	-	-	-	-	-	-	-	15.00	15.00	15.00	15.00	15.00
Shareholder's Equity	1.9%	511	502	363	362	364	357	353	352	351	-	202	199	196	195	199	200	196	193	194	191	187
Retained Earnings	4.2%	162	156	169	168	172	166	158	153	150	-	150	146	144	141	139	137	133	131	129	126	123
Additional Paid-In Capital	0.1%	356	356	202	202	201	201	201	201	200	-	52.00	52.00	51.00	52.00	58.00	61.00	61.00	61.00	65.00	65.00	65.00
Shares Outstanding	0.1%	33.00	33.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	12.00	12.00	20.00	-	-	-	-	-	-	-	-
Float	-	-	-	149	-	-	-	326	-	-	-	-	192	-	-	-	139	-	-	-	205	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	250.2%	36,069	-24,006	-570	11,220	2,586	7,010	17,852	25,199	-23,079	5,036	6,644	3,896	8,857	-182	5,292	4,463	4,484	4,823	-3,299	7,735	6,265
Share Based Compensation	-39.2%	321	528	170	155	159	175	172	130	91.00	91.00	99.00	97.00	73.00	67.00	62.00	61.00	57.00	61.00	-32.00	63.00	-27.00
Cashflow From Investing	-111.2%	-44,221	396,187	-76,531	-103,122	-132,762	-245,592	-129,520	-73,698	244,647	-68,045	-74,503	-63,906	-77,596	-78,790	-113,622	-10,072	-7,301	-7,171	-21,528	-9,678	21,252
Cashflow From Financing	187.9%	271,856	-309,299	85,219	74,112	22,369	-1,121	-56,299	35,862	51,193	136,673	77,961	100,179	99,194	109,150	138,363	6,889	-5,585	66,441	5,288	-6,463	-9,069
Dividend Payments	0.1%	3,981	3,976	2,388	2,388	2,384	2,384	2,381	2,381	2,377	1,410	1,411	1,409	1,446	1,502	1,503	1,499	1,513	1,278	1,278	1,278	1,148
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	819	6,003	3,109	-	-	3,893	559	-	-	-

SHBI Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
INTEREST INCOME
Interest and fees on loans	$ 194,339	$ 99,122
Interest and dividends on taxable investment securities	16,832	11,507
Interest and dividends on tax-exempt investment securities	46	6
Interest on federal funds sold	92	0
Interest on deposits with other banks	2,770	3,210
Total interest income	214,079	113,845
INTEREST EXPENSE
Interest on deposits	68,800	9,983
Interest on short-term borrowings	5,518	74
Interest on long-term borrowings	4,454	2,486
Total interest expense	78,772	12,543
NET INTEREST INCOME	135,307	101,302
Provision for credit losses	30,953	1,925
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	104,354	99,377
NONINTEREST INCOME
Service charges on deposit accounts	5,501	5,652
Trust and investment fee income	3,608	1,784
Loss on sales and calls of investment securities	(2,166)	0
Interchange credits	5,714	4,812
Mortgage-banking revenue	4,513	5,210
Title Company revenue	551	1,340
Bargain purchase gain	8,816	0
Other noninterest income	6,622	4,288
Total noninterest income	33,159	23,086
NONINTEREST EXPENSE
Salaries and wages	44,645	35,931
Employee benefits	12,358	9,908
Occupancy expense	7,791	6,242
Furniture and equipment expense	2,551	2,018
Data processing	8,783	6,890
Directors' fees	1,156	839
Amortization of other intangible assets	6,105	1,988
FDIC insurance premium expense	3,479	1,426
Other real estate owned expenses, net	1	65
Legal and professional fees	4,337	2,840
Merger-related expenses	17,356	2,098
Other noninterest expenses	14,767	10,077
Total noninterest expense	123,329	80,322
Income before income taxes	14,184	42,141
Income tax expense	2,956	10,964
NET INCOME	$ 11,228	$ 31,177
Basic net income per common share (in dollars per share)	$ 0.42	$ 1.57
Diluted net income per common share (in dollars per share)	0.42	1.57
Dividends paid per common share (in dollars per share)	$ 0.48	$ 0.48

SHBI Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 63,172	$ 37,661
Interest-bearing deposits with other banks	309,241	17,838
Cash and cash equivalents	372,413	55,499
Investment securities:
Investment securities - AFS	110,521	83,587
Held to maturity, net of allowance for credit losses of $94 (2023) (fair value of $457,830 (2023) and $494,627 (2022))	513,188	559,455
Equity securities, at fair value	5,703	1,233
Restricted securities, at cost	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Total Loans, gross	4,641,010	2,556,107
Less: allowance for credit losses	(57,351)	(16,643)
Total loans, net	4,583,659	2,539,464
Premises and equipment, net	82,386	51,488
Goodwill	63,266	63,266
Other intangible assets, net	48,090	5,547
OREO, net	179	197
Mortgage servicing rights, at fair value	5,926	5,275
Right-of-use assets	12,487	9,629
Cash surrender value on life insurance	101,704	59,218
Accrued interest receivable	19,217	9,384
Deferred income taxes	40,707	7,357
Other assets	24,790	11,260
TOTAL ASSETS	6,010,918	3,477,276
Deposits:
Noninterest-bearing	1,258,037	862,015
Interest-bearing	4,128,083	2,147,769
Total deposits	5,386,120	3,009,784
Advances from FHLB - short-term	0	40,000
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS")	29,158	18,398
Subordinated debt	43,139	24,674
Total borrowings	72,297	83,072
Lease liabilities	12,857	9,908
Other liabilities	28,509	10,227
TOTAL LIABILITIES	5,499,783	3,112,991
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,161,532 (2023) and 19,864,956 (2022)	332	199
Additional paid in capital	356,007	201,494
Retained earnings	162,290	171,613
Accumulated other comprehensive loss	(7,494)	(9,021)
TOTAL STOCKHOLDERS' EQUITY	511,135	364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,010,918	$ 3,477,276

About Shore Bancshares Inc

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.

CEO	Mr. James M. Burke
WEBSITE	shorebancshares.com
INDUSTRY	Banks Diversified
EMPLOYEES	464

Shore Bancshares Inc Frequently Asked Questions

What is the ticker symbol for Shore Bancshares Inc? What does SHBI stand for in stocks?

SHBI is the stock ticker symbol of Shore Bancshares Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Shore Bancshares Inc (SHBI)?

As of Fri Apr 26 2024, market cap of Shore Bancshares Inc is 349.71 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SHBI stock?

You can check SHBI's fair value in chart for subscribers.

What is the fair value of SHBI stock?

You can check SHBI's fair value in chart for subscribers. The fair value of Shore Bancshares Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Shore Bancshares Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SHBI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Shore Bancshares Inc a good stock to buy?

The fair value guage provides a quick view whether SHBI is over valued or under valued. Whether Shore Bancshares Inc is cheap or expensive depends on the assumptions which impact Shore Bancshares Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SHBI.

What is Shore Bancshares Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, SHBI's PE ratio (Price to Earnings) is 31.15 and Price to Sales (PS) ratio is 1.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SHBI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Shore Bancshares Inc's stock?

In the past 10 years, Shore Bancshares Inc has provided 0.028 (multiply by 100 for percentage) rate of return.