Shore Bancshares (NASDAQ:SHBI) Lowered to “Hold” Rating by Zacks Research

Posted by Stanley Muller on Jul 2nd, 2026

Zacks Research cut shares of Shore Bancshares (NASDAQ:SHBI – Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts have also issued reports on the company. Piper Sandler increased their price target on Shore Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective on shares of Shore Bancshares in a report on Thursday, April 9th. Finally, Weiss Ratings raised Shore Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Get Our Latest Stock Analysis on SHBI

Shore Bancshares Trading Up 2.0%

SHBI opened at $23.40 on Tuesday. The company has a fifty day moving average price of $20.72 and a two-hundred day moving average price of $19.39. Shore Bancshares has a 1-year low of $14.93 and a 1-year high of $23.58. The company has a market cap of $782.96 million, a P/E ratio of 12.45 and a beta of 0.82. 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 released its quarterly earnings data 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. The company had revenue of $59.89 million for 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%. Analysts predict that Shore Bancshares will post 2.12 EPS for the current fiscal year.

Shore Bancshares Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.4%. This is an increase from Shore Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, June 3rd. Shore Bancshares’s dividend payout ratio is currently 29.79%.

Shore Bancshares announced that its board has approved a share repurchase plan on Thursday, May 21st that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the bank to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Shore Bancshares

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Shore Bancshares by 21.8% in the 1st quarter. Royal Bank of Canada now owns 23,168 shares of the bank’s stock worth $314,000 after purchasing an additional 4,154 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Shore Bancshares by 599.2% in the 1st quarter. AQR Capital Management LLC now owns 112,259 shares of the bank’s stock worth $1,520,000 after buying an additional 96,204 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Shore Bancshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,226 shares of the bank’s stock valued at $247,000 after acquiring an additional 780 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Shore Bancshares by 18.6% in the first quarter. Goldman Sachs Group Inc. now owns 219,494 shares of the bank’s stock valued at $2,972,000 after acquiring an additional 34,453 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Shore Bancshares by 126.5% during the first quarter. Empowered Funds LLC now owns 78,095 shares of the bank’s stock valued at $1,057,000 after acquiring an additional 43,613 shares during the last quarter. 59.76% of the stock is owned by hedge funds and other 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.