Shore Bancshares (NASDAQ: SHBI) has recently received a number of price target changes and ratings updates:
- 7/28/2026 – Shore Bancshares had its price target raised by Keefe, Bruyette & Woods from $22.00 to $25.00. They now have a “market perform” rating on the stock.
- 7/27/2026 – Shore Bancshares had its price target raised by Piper Sandler from $24.00 to $26.50. They now have an “overweight” rating on the stock.
- 7/27/2026 – Shore Bancshares had its price target raised by Hovde Group from $23.50 to $26.50. They now have an “outperform” rating on the stock.
- 7/17/2026 – Shore Bancshares had its “buy (b)” rating reaffirmed by Weiss Ratings.
- 6/30/2026 – Shore Bancshares was downgraded by Zacks Research from “strong-buy” to “hold”.
- 6/26/2026 – Shore Bancshares had its price target raised by Piper Sandler from $22.00 to $24.00. They now have an “overweight” rating on the stock.
Shore Bancshares Increases Dividend
The company 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 is an increase from Shore Bancshares’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 3rd. Shore Bancshares’s dividend payout ratio is currently 28.28%.
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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