Shore Bancshares Inc (NASDAQ:SHBI) Given Average Rating of “Moderate Buy” by Brokerages

Posted by on Jul 2nd, 2026

Shore Bancshares Inc (NASDAQ:SHBI – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.00.

SHBI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 target price on shares of Shore Bancshares in a report on Thursday, April 9th. Zacks Research downgraded Shore Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Piper Sandler upped their price objective on Shore Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised Shore Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th.

Get Our Latest Research Report on SHBI

Hedge Funds Weigh In On Shore Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHBI. Vanguard Group Inc. increased its holdings in shares of Shore Bancshares by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,781,501 shares of the bank’s stock valued at $29,234,000 after purchasing an additional 48,390 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Shore Bancshares by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,403 shares of the bank’s stock worth $31,445,000 after buying an additional 53,381 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Shore Bancshares by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 1,150,208 shares of the bank’s stock worth $20,336,000 after buying an additional 84,298 shares during the last quarter. Fourthstone LLC boosted its holdings in shares of Shore Bancshares by 61.6% during the 4th 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 period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Shore Bancshares by 168.5% during the 4th 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 period. 59.76% of the stock is owned by institutional investors.

Shore Bancshares Price Performance

Shares of SHBI opened at $23.40 on Thursday. The company has a market cap of $782.96 million, a price-to-earnings ratio of 12.45 and a beta of 0.82. Shore Bancshares has a 1-year low of $14.93 and a 1-year high of $23.58. The company’s fifty day simple moving average is $20.72 and its 200 day simple moving average is $19.39. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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

Shore Bancshares announced that its board has authorized a share repurchase plan on Thursday, May 21st that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the bank to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Shore Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is a boost from Shore Bancshares’s previous quarterly dividend of $0.12. Shore Bancshares’s payout ratio is presently 29.79%.

Shore Bancshares Company Profile

(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.

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Analyst Recommendations for Shore Bancshares (NASDAQ:SHBI)

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