Shore Bancshares Inc (SHBI)
NASDAQ:SHBI
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Shore Bancshares
(NASDAQ:SHBI)
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Rating:76Outperform
Price Target:
$22.50
▲(12.61% Upside)
Action:ReiteratedDate:05/09/26
The score is driven primarily by improved recent financial performance and an attractive valuation (low P/E with a meaningful dividend). Technicals add support via an established uptrend, while the main offset is historical volatility in revenue/margins/cash flow and the need to sustain returns through less favorable conditions; recent corporate disclosures are positive but not sufficient to eliminate that risk.
Positive Factors
Core deposit funding & local market share
A dominant local deposit franchise and emphasis on noninterest deposit funding create a stable, low-cost funding base that supports loan growth and net interest income resilience. For a community bank, persistent core deposits reduce reliance on wholesale funding and cushion earnings through rate cycles.
Negative Factors
Earnings and cash-flow volatility
A track record of swings in revenue, margins and cash flow reduces predictability of core earnings and complicates capital planning. Persistent volatility can force conservative credit buffers or limit dividend policy flexibility, making sustained ROE improvements harder to lock in across business cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Core deposit funding & local market share
A dominant local deposit franchise and emphasis on noninterest deposit funding create a stable, low-cost funding base that supports loan growth and net interest income resilience. For a community bank, persistent core deposits reduce reliance on wholesale funding and cushion earnings through rate cycles.
Read all positive factors
Shore Bancshares (SHBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$659.75M
Dividend Yield2.66%
Average Volume (3M)198.53K
Price to Earnings (P/E)9.1
Beta (1Y)0.89
Revenue Growth4.05%
EPS Growth26.62%
CountryUS
Employees584
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.88
Shares Outstanding33,455,933
10 Day Avg. Volume230,574
30 Day Avg. Volume198,526
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.00
Price to Sales (P/S)1.72
P/FCF Ratio9.97
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue2.07
Enterprise Value/Gross Profit3.19
Enterprise Value/Ebitda9.04
Forecast
1Y Price Target
$21.00Price Target Upside5.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.05
Revenue Forecast (FY)$244.02M
Shore Bancshares Business Overview & Revenue Model
Company Description
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, overn...
How the Company Makes Money
Shore Bancshares primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and other interest-earning assets and the interest paid o...
Shore Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
76
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 345.29M | 342.72M | 326.49M | 238.42M | 136.93M | 83.67M |
| Gross Profit | 224.40M | 216.69M | 196.96M | 128.70M | 122.46M | 77.99M |
| EBITDA | 79.10M | 78.77M | 74.74M | 25.12M | 48.00M | 24.27M |
| Net Income | 62.83M | 59.51M | 43.89M | 11.23M | 31.18M | 15.37M |
Balance Sheet | ||||||
| Total Assets | 6.21B | 6.26B | 6.23B | 6.01B | 3.48B | 3.46B |
| Cash, Cash Equivalents and Short-Term Investments | 44.05M | 50.16M | 609.06M | 482.93M | 139.09M | 700.60M |
| Total Debt | 99.64M | 111.11M | 135.56M | 85.15M | 92.98M | 68.61M |
| Total Liabilities | 5.60B | 5.67B | 5.69B | 5.50B | 3.11B | 3.11B |
| Stockholders Equity | 602.71M | 589.87M | 541.07M | 511.13M | 364.29M | 350.69M |
Cash Flow | ||||||
| Free Cash Flow | 70.95M | 59.22M | 41.66M | 16.76M | 50.23M | -10.95M |
| Operating Cash Flow | 74.18M | 62.39M | 46.89M | 22.71M | 52.65M | -7.50M |
| Investing Cash Flow | -69.64M | -118.32M | -134.54M | 172.31M | -581.57M | 38.19M |
| Financing Cash Flow | -52.72M | -48.35M | 175.09M | 121.89M | 811.00K | 366.01M |
Shore Bancshares Technical Analysis
Positive
19.98
Price Trends
18.84
Positive
18.43
Positive
17.23
Positive
Market Momentum
0.34
Negative
69.19
Neutral
63.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHBI, the sentiment is Positive. The current price of 19.98 is above the 20-day moving average (MA) of 18.92, above the 50-day MA of 18.84, and above the 200-day MA of 17.23, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 69.19 is Neutral, neither overbought nor oversold. The STOCH value of 63.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SHBI.
Shore Bancshares Risk Analysis
Shore Bancshares disclosed 53 risk factors in its most recent earnings report. Shore Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Shore Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $618.93M | 10.50 | 10.59% | ― | 12.65% | 305.40% | |
76 Outperform | $659.75M | 9.14 | 10.76% | 2.66% | 4.05% | 26.62% | |
72 Outperform | $674.96M | 6.55 | 4.87% | 3.71% | -6.76% | -12.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $616.39M | 12.64 | 9.79% | 7.17% | 25.15% | ― |
* Financial Sector Average
SHBI
Shore Bancshares
19.72
5.08
34.71%
WASH
Washington Bancorp
32.33
4.88
17.80%
BCAL
California BanCorp
19.25
4.08
26.88%
ALRS
Alerus Financial
26.86
5.64
26.58%
Shore Bancshares Corporate Events
Business Operations and StrategyFinancial Disclosures
Shore Bancshares Highlights Record First-Quarter 2026 Results
Positive
May 4, 2026
In March 2026, Shore Bancshares, Inc. furnished an investor presentation outlining its first-quarter 2026 financial performance and strategic focus to analysts and potential investors, emphasizing that the materials are supplemental and not incorp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.