Shore Bancshares (NASDAQ:SHBI) Price Target Raised to $25.00

Posted by George Bondi on Jul 31st, 2026

Shore Bancshares (NASDAQ:SHBI – Free Report) had its target price boosted by Keefe, Bruyette & Woods from $22.00 to $25.00 in a report published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other brokerages have also recently commented on SHBI. Hovde Group increased their price target on shares of Shore Bancshares from $23.50 to $26.50 and gave the company an “outperform” rating in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Shore Bancshares in a research note on Friday, July 17th. Piper Sandler raised their target price on shares of Shore Bancshares from $24.00 to $26.50 and gave the company an “overweight” rating in a research note on Monday. Finally, Zacks Research cut Shore Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shore Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Check Out Our Latest Research Report on Shore Bancshares

Shore Bancshares Trading Down 0.4%

NASDAQ SHBI opened at $24.45 on Tuesday. The company has a market cap of $818.10 million, a PE ratio of 12.35 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 has a 12 month low of $14.93 and a 12 month high of $24.82. The stock has a 50 day moving average of $22.31 and a 200-day moving average of $20.14.

Shore Bancshares (NASDAQ:SHBI – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $61.84 million during the quarter, compared to analysts’ expectations of $60.42 million. Shore Bancshares had a net margin of 19.15% and a return on equity of 12.24%. On average, equities research analysts anticipate that Shore Bancshares will post 2.26 EPS for the current fiscal 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 issued a $0.14 dividend. This is an increase from Shore Bancshares’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, June 3rd. Shore Bancshares’s dividend payout ratio is presently 28.28%.

Shore Bancshares declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 21st that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Shore Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of SHBI. Royal Bank of Canada grew its stake in Shore Bancshares by 21.8% in the 1st quarter. Royal Bank of Canada now owns 23,168 shares of the bank’s stock valued at $314,000 after buying an additional 4,154 shares during the last quarter. AQR Capital Management LLC lifted its position in Shore Bancshares by 599.2% during the first quarter. AQR Capital Management LLC now owns 112,259 shares of the bank’s stock worth $1,520,000 after acquiring an additional 96,204 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Shore Bancshares by 4.5% during 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 last quarter. Goldman Sachs Group Inc. lifted its position in Shore Bancshares by 18.6% during the first quarter. Goldman Sachs Group Inc. now owns 219,494 shares of the bank’s stock worth $2,972,000 after acquiring an additional 34,453 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings 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 worth $1,057,000 after acquiring an additional 43,613 shares during the period. Institutional investors own 59.76% of the company’s stock.

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.