Shore Bancshares (NASDAQ:SHBI) Sets New 1-Year High – Should You Buy?

Posted by Francis Steltz on May 28th, 2026

Shore Bancshares Inc (NASDAQ:SHBI – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $20.69 and last traded at $20.40, with a volume of 126577 shares trading hands. The stock had previously closed at $20.47.

Wall Street Analyst Weigh In

A number of research firms have commented on SHBI. Zacks Research upgraded shares of Shore Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 target price on shares of Shore Bancshares in a research report on Thursday, April 9th. Hovde Group upped their target price on shares of Shore Bancshares from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Piper Sandler upped their target price on shares of Shore Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Shore Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $21.33.

Check Out Our Latest Analysis on SHBI

Shore Bancshares Price Performance

The stock’s 50-day moving average price is $19.17 and its 200-day moving average price is $18.52. The company has a market capitalization of $682.58 million, a price-to-earnings ratio of 10.85 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.15.

Shore Bancshares (NASDAQ:SHBI – Get Free Report) last announced its earnings results on Thursday, April 23rd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Shore Bancshares had a net margin of 18.20% and a return on equity of 11.84%. The company had revenue of $59.89 million for the quarter, compared to analyst estimates of $58.35 million. Equities research analysts anticipate that Shore Bancshares Inc will post 2.12 earnings per share for the current year.

Shore Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Shore Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, June 3rd. Shore Bancshares’s payout ratio is presently 25.53%.

Shore Bancshares announced that its board has authorized a share buyback program on Thursday, May 21st that allows the company to buyback $30.00 million in shares. This buyback authorization allows the bank to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Shore Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of SHBI. Fourthstone LLC raised its stake in shares of Shore Bancshares by 61.6% during the fourth quarter. Fourthstone LLC now owns 918,202 shares of the bank’s stock worth $16,234,000 after buying an additional 350,012 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Shore Bancshares by 578.2% during the first quarter. Janus Henderson Group PLC now owns 380,283 shares of the bank’s stock worth $7,104,000 after buying an additional 324,208 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Shore Bancshares by 168.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 495,965 shares of the bank’s stock worth $8,769,000 after buying an additional 311,266 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Shore Bancshares by 19.7% during the third quarter. Wellington Management Group LLP now owns 1,065,910 shares of the bank’s stock worth $17,492,000 after buying an additional 175,282 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Shore Bancshares by 143.3% during the second quarter. AQR Capital Management LLC now owns 273,109 shares of the bank’s stock worth $4,293,000 after buying an additional 160,850 shares during the last quarter. 59.76% of the stock is owned by institutional investors.

About Shore Bancshares

(Get Free Report)

Shore Bancshares, Inc (NASDAQ: SHBI) is the bank holding company for Shore Community Bank, a commercial bank headquartered in Mount Holly, New Jersey. The company provides a full suite of banking and financial services to individuals and businesses, including deposit accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Shore Bancshares focuses on delivering community-oriented banking services with an emphasis on personalized customer relationships.

Shore Community Bank’s lending portfolio includes commercial real estate, construction loans, agricultural loans, small business loans under government-sponsored programs, and conventional residential mortgages.