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

11.68USD+0.31 (+2.73%)Delayed

Market Summary

USD11.68+0.31

Delayed

2.73%

SHBI Alerts

Big jump in Revenue (Y/Y)

SHBI Stock Price

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SHBI RSI Chart

SHBI Valuation

Market Cap

387.9M

Price/Earnings (Trailing)

29.94

Price/Sales (Trailing)

1.55

EV/EBITDA

2.08

Price/Free Cashflow

57.28

SHBI Price/Sales (Trailing)

SHBI Profitability

EBT Margin

6.35%

Return on Equity

2.51%

Return on Assets

0.22%

Free Cashflow Yield

1.75%

SHBI Fundamentals

SHBI Revenue

Revenue (TTM)

250.2M

Rev. Growth (Yr)

102.89%

Rev. Growth (Qtr)

SHBI Earnings

Earnings (TTM)

13.0M

Earnings Growth (Yr)

26.75%

Earnings Growth (Qtr)

-21.98%

Breaking Down SHBI Revenue

Last 7 days

4.2%

Last 30 days

15.9%

Last 90 days

0.2%

Trailing 12 Months

1.7%

How does SHBI drawdown profile look like?

SHBI Financial Health

Debt/Equity

0.14

Debt/Cashflow

0.19

SHBI Investor Care

Dividend Yield

4.11%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

66.91%

Diluted EPS (TTM)

0.45

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	250.2M	0	0	0
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.91	-35,445	34,466	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-211,840	-	-%
May 15, 2024	DEUTSCHE BANK AG\	added	13.32	-15,577	166,681	-%
May 15, 2024	Point72 (DIFC) Ltd	new	-	11,017	11,017	-%
May 15, 2024	Aquatic Capital Management LLC	reduced	-95.65	-31,850	1,150	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	reduced	-82.84	-37,286	5,992	-%
May 15, 2024	HSBC HOLDINGS PLC	added	7.47	-96,069	593,469	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-0.02	-73,502	307,073	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	12.45	-67,000	657,000	-%
May 15, 2024	DF DENT & CO INC	unchanged	-	-77,003	322,011	-%

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

SHBI Alerts

Big jump in Revenue (Y/Y)

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
May 16, 2024	4	Insider Trading
May 16, 2024	S-3	S-3
May 09, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 30, 2024	8-K	Current Report
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

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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.0%	71.00	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
EBITDA Margin	-4.6%	0.67*	0.70*	0.75*	1.05*	1.19*	1.26*	1.25*	1.24*	1.22*	1.22*	1.27*	1.24*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.9%	41.00	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
Income Taxes	-39.9%	2.00	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
Earnings Before Taxes	-26.9%	11.00	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
EBT Margin	-4.1%	0.06*	0.07*	0.06*	0.29*	0.35*	0.37*	0.33*	0.31*	0.29*	0.30*	0.35*	0.34*	-	-	-	-	-	-	-	-	-
Net Income	-22.0%	8.00	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
Net Income Margin	-1.3%	0.05*	0.05*	0.05*	0.21*	0.26*	0.27*	0.25*	0.23*	0.21*	0.22*	0.26*	0.25*	-	-	-	-	-	-	-	-	-
Free Cashflow	-98.2%	1.00	34.00	-25.89	-1.72	11.00	2.00	6.00	17.00	24.00	-23.42	3.00	6.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	-3.1%	5,826	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
Cash Equivalents	-69.2%	115	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
Net PPE	0.8%	83.00	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
Goodwill	0%	63.00	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
Liabilities	-3.4%	5,310	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
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	2.00	1.00	17.00	26.00
Long Term Debt	0.4%	73.00	72.00	-	-	-	43.00	-	-	-	-	-	-	-	-	-	-	-	15.00	15.00	15.00	15.00
Shareholder's Equity	0.8%	515	511	502	363	362	364	357	353	352	351	-	202	199	196	195	199	200	196	193	194	191
Retained Earnings	2.6%	166	162	156	169	168	172	166	158	153	150	-	150	146	144	141	139	137	133	131	129	126
Additional Paid-In Capital	0.1%	356	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
Shares Outstanding	0.1%	33.00	33.00	33.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	12.00	12.00	-	-	-	-	-	-	-	-
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-93.4%	2,387	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
Share Based Compensation	10.3%	354	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
Cashflow From Investing	-22.5%	-54,151	-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
Cashflow From Financing	-175.8%	-206,089	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
Dividend Payments	-100.0%	-	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
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	819	6,003	3,109	-	-	3,893	559	-	-

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SHBI Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

INTEREST INCOME

Interest and fees on loans

$ 65,754

$ 30,828

Interest and dividends on taxable investment securities

4,419

4,064

Interest and dividends on tax-exempt investment securities

Interest on deposits with other banks

960

163

Total interest income

71,139

35,062

INTEREST EXPENSE

Interest on deposits

28,497

7,281

Interest on short-term borrowings

1,361

Interest on long-term borrowings

1,451

756

Total interest expense

30,004

9,398

NET INTEREST INCOME

41,135

25,664

Provision for credit losses

407

1,213

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

40,728

24,451

NONINTEREST INCOME

Service charges on deposit accounts

1,507

1,213

Trust and investment fee income

734

432

Interchange credits

1,587

1,212

Mortgage-banking revenue

801

977

Title Company revenue

137

Other noninterest income

1,860

1,363

Total noninterest income

6,567

5,334

NONINTEREST EXPENSE

Salaries and wages

11,852

8,684

Employee benefits

4,097

2,921

Occupancy expense

2,416

1,619

Furniture and equipment expense

904

534

Data processing

2,867

1,798

Directors' fees

295

250

Amortization of other intangible assets

2,576

441

FDIC insurance premium expense

1,150

371

Other real estate owned expenses, net

(1)

Legal and professional fees

1,599

750

Fraud losses

^[1]

4,502

Merger-related expenses

691

Other noninterest expenses

4,440

2,768

Total noninterest expense

36,698

20,893

Income before income taxes

10,597

8,892

Income tax expense

2,413

2,435

NET INCOME

$ 8,184

$ 6,457

Basic net income per common share (in dollars per share)

$ 0.25

$ 0.32

Diluted net income per common share (in dollars per share)

0.25

0.32

Dividends paid per common share (in dollars per share)

$ 0.12

[1]	Fraud losses includes $4.3 million of credit card fraud losses for the quarter ended March 31, 2024

SHBI Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 43,079	$ 63,172
Interest-bearing deposits with other banks	71,481	309,241
Cash and cash equivalents	114,560	372,413
Investment securities:
Investment securities - AFS	179,496	110,521
Held to maturity, net of allowance for credit losses of $116 (2024) and $94 (2023) (fair value of $444,258 (2024) and $457,830 (2023))	503,822	513,188
Equity securities, at fair value	5,681	5,703
Restricted securities, at cost	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Less: allowance for credit losses	(57,336)	(57,351)
Loans, net	4,591,389	4,583,659
Premises and equipment, net	83,084	82,386
Goodwill	63,266	63,266
Other intangible assets, net	45,515	48,090
Other real estate owned, net	179	179
Repossessed properties	1,845	0
Mortgage servicing rights, at fair value	5,821	5,926
Right-of-use assets	12,153	12,487
Cash surrender value on life insurance	102,321	101,704
Accrued interest receivable	19,541	19,217
Deferred income taxes	38,978	40,707
Other assets	26,423	24,790
TOTAL ASSETS	5,825,704	6,010,918
Deposits:
Noninterest-bearing	1,200,680	1,258,037
Interest-bearing	3,983,599	4,128,083
Total deposits	5,184,279	5,386,120
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS"), net	29,237	29,158
Subordinated debt, net	43,322	43,139
Total borrowings	72,559	72,297
Lease liabilities	12,552	12,857
Other liabilities	41,086	28,509
TOTAL LIABILITIES	5,310,476	5,499,783
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,210,522 (2024) and 33,161,532 (2023)	332	332
Additional paid in capital	356,464	356,007
Retained earnings	166,490	162,290
Accumulated other comprehensive loss	(8,058)	(7,494)
TOTAL STOCKHOLDERS' EQUITY	515,228	511,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,825,704	$ 6,010,918

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 May 17 2024, market cap of Shore Bancshares Inc is 387.9 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 May 17 2024, SHBI's PE ratio (Price to Earnings) is 29.94 and Price to Sales (PS) ratio is 1.55. 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 0.046 (multiply by 100 for percentage) rate of return.