Shore Bancshares price target raised to $22 from $21 at Piper Sandler

Piper Sandler analyst Justin Crowley raised the firm’s price target on Shore Bancshares (SHBI) to $22 from $21 and keeps an Overweight rating on the shares. The firm says the company continues to contend with slower growth, though profitability levels improved further in Q1 and while some of this was due to higher accretion, the bank also saw encouraging core net interest margin expansion.