Shore Bancshares (NASDAQ:SHBI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Posted by Geri Gentry on Aug 14th, 2026

Shares of Shore Bancshares Inc (NASDAQ:SHBI – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.55 and traded as high as $24.26. Shore Bancshares shares last traded at $23.94, with a volume of 163,100 shares trading hands.

Wall Street Analysts Forecast Growth

SHBI has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on Shore Bancshares from $24.00 to $26.50 and gave the stock an “overweight” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price on Shore Bancshares from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Hovde Group upped their price target on Shore Bancshares from $23.50 to $26.50 and gave the stock an “outperform” rating in a report on Monday, July 27th. Zacks Research lowered Shore Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shore Bancshares in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Get Our Latest Stock Report on Shore Bancshares

Shore Bancshares Price Performance

The stock has a market cap of $798.93 million, a P/E ratio of 12.09 and a beta of 0.81. The business has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $20.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95.

Shore Bancshares (NASDAQ:SHBI – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $61.75 million for the quarter, compared to analysts’ expectations of $60.42 million. Shore Bancshares had a return on equity of 12.11% and a net margin of 19.15%. On average, sell-side analysts forecast that Shore Bancshares Inc will post 2.26 EPS for the current year.

Shore Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.14 dividend. This is a positive change 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 payout ratio is presently 28.28%.

Shore Bancshares announced that its Board of Directors has approved a stock repurchase program on Thursday, May 21st that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Shore Bancshares by 20.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,448 shares of the bank’s stock valued at $83,000 after acquiring an additional 743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $247,000 after acquiring an additional 780 shares during the period. Curi Capital LLC grew its position in shares of Shore Bancshares by 0.5% in the second quarter. Curi Capital LLC now owns 176,046 shares of the bank’s stock valued at $2,767,000 after purchasing an additional 882 shares in the last quarter. Man Group plc grew its position in shares of Shore Bancshares by 5.0% in the fourth quarter. Man Group plc now owns 19,053 shares of the bank’s stock valued at $337,000 after purchasing an additional 903 shares in the last quarter. Finally, Mariner LLC raised its stake in shares of Shore Bancshares by 8.1% during the 4th quarter. Mariner LLC now owns 14,222 shares of the bank’s stock valued at $251,000 after purchasing an additional 1,069 shares during the period. 59.76% of the stock is owned by institutional investors.

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.