Shore Bancshares (NASDAQ:SHBI) Board of Directors Authorizes Share Repurchase Program

Posted by on May 21st, 2026

Shore Bancshares (NASDAQ:SHBI – Get Free Report) announced that its board has authorized a share repurchase plan on Thursday, May 21st, RTT News reports. The company plans to buyback $30.00 million in shares. This buyback authorization permits the bank to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on SHBI

Shore Bancshares Trading Up 1.3%

Shares of NASDAQ SHBI traded up $0.25 during mid-day trading on Thursday, reaching $19.95. The company had a trading volume of 227,192 shares, compared to its average volume of 191,455. The business’s 50-day moving average is $18.96 and its 200-day moving average is $18.40. Shore Bancshares has a 52 week low of $14.03 and a 52 week high of $20.68. The stock has a market cap of $667.53 million, a price-to-earnings ratio of 10.61 and a beta of 0.83. 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 results on Thursday, April 23rd. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $59.89 million during the quarter, compared to analyst estimates of $58.35 million. Shore Bancshares had a return on equity of 11.84% and a net margin of 18.20%. Equities analysts expect that Shore Bancshares will post 2.12 earnings per share for the current year.

About Shore Bancshares

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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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