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Shore Bancshares
(NASDAQ:SHBI)
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Rating:74Outperform
Price Target:
$25.00
▲(25.13% Upside)
Action:Reiterated
Date:05/21/26
SHBI scores well primarily on improved financial performance and attractive valuation (low P/E plus dividend). The overall score is moderated by mixed/neutral technical signals and the reminder from both financial history and governance voting that results and sentiment can be uneven through the cycle.
Positive Factors
Local deposit franchise and diversified lending
A dominant local deposit franchise provides a stable, low-cost funding base that supports net interest income and loan growth. Combined with diversified consumer, commercial and real estate lending, this reduces reliance on wholesale funding and supports durable margin and growth opportunities in the franchise.
Negative Factors
Commercial real estate concentration
A sizable commercial real estate exposure within a regionally concentrated footprint raises cyclical credit risk. Adverse local economic or real estate cycles could pressure asset quality and capital, making performance sensitive to CRE market shifts over a multi‑month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Local deposit franchise and diversified lending
A dominant local deposit franchise provides a stable, low-cost funding base that supports net interest income and loan growth. Combined with diversified consumer, commercial and real estate lending, this reduces reliance on wholesale funding and supports durable margin and growth opportunities in the franchise.
Read all positive factors
Shore Bancshares (SHBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$757.44M
Dividend Yield2.66%
Average Volume (3M)198.53K
Price to Earnings (P/E)12.0
Beta (1Y)0.87
Revenue Growth4.05%
EPS Growth26.62%
CountryUS
Employees602
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 Ratio0.29
Price to Book (P/B)1.00
Price to Sales (P/S)1.72
P/FCF Ratio9.97
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue2.27
Enterprise Value/Gross Profit3.49
Enterprise Value/Ebitda8.00
Forecast
1Y Price Target
$22.00Price Target Upside10.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.09
Revenue Forecast (FY)$244.66M
Shore Bancshares Business Overview & Revenue Model
Company Description
Shore Bancshares, Inc. operates as a bank holding company for Shore United Bank, N.A. that provides various consumer and commercial banking products and services to individuals, businesses, and other organizations in the United States. The company...
How the Company Makes Money
Shore Bancshares primarily earns revenue through traditional banking activities. Its largest earnings driver is typically net interest income: the spread between interest and fees it collects on loans and other interest-earning assets and the inte...
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 | 97.89M | 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
21.07
Positive
19.84
Positive
18.49
Positive
Market Momentum
0.43
Positive
56.76
Neutral
32.89
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 below the 20-day moving average (MA) of 22.61, below the 50-day MA of 21.07, and above the 200-day MA of 18.49, indicating a bullish trend. The MACD of 0.43 indicates Positive momentum. The RSI at 56.76 is Neutral, neither overbought nor oversold. The STOCH value of 32.89 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 | $664.53M | 11.42 | 10.59% | ― | 12.65% | 304.57% | |
74 Outperform | $757.44M | 12.03 | 10.76% | 2.66% | 4.05% | 26.62% | |
69 Neutral | $787.03M | 29.21 | 4.87% | 3.71% | -6.85% | -13.03% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $683.50M | 13.00 | 9.79% | 7.17% | 25.15% | ― |
* Financial Sector Average
SHBI
Shore Bancshares
22.61
6.82
43.24%
WASH
Washington Bancorp
35.87
9.32
35.08%
BCAL
California BanCorp
21.12
5.13
32.07%
ALRS
Alerus Financial
31.26
10.19
48.33%
Shore Bancshares Corporate Events
Executive/Board ChangesShareholder Meetings
Shore Bancshares Shareholders Reelect Directors and Approve Pay
Positive
May 20, 2026
At its annual meeting on May 20, 2026, Shore Bancshares, Inc. shareholders elected directors Michael B. Adams, James M. Burke, Louis P. Jenkins, Jr., David S. Jones, and Dawn M. Willey to new three-year terms, despite notable levels of votes again...
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.