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Shore Bancshares Inc (SHBI)
NASDAQ:SHBI
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Shore Bancshares
(NASDAQ:SHBI)
65Neutral
Shore Bancshares (SHBI) vs. S&P 500 (SPY)
Market Cap
$451.59M
Dividend Yield3.55%
Average Volume (3M)249.39K
Price to Earnings (P/E)10.3
Beta (1Y)1.26
Revenue Growth30.29%
EPS Growth103.33%
CountryUS
Employees584
SectorFinancial
Sector Strength82
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.32
Shares Outstanding33,352,165
10 Day Avg. Volume283,184
30 Day Avg. Volume249,391
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)N/A
Price to Sales (P/S)2.30
Price to Cash Flow (P/CF)3.50
P/FCF Ratio2.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$19.17Price Target Upside41.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Shore Bancshares Business Overview & Revenue Model
Company DescriptionShore Bancshares, Inc. (SHBI) is a financial holding company headquartered in Easton, Maryland. It operates primarily through its subsidiary, Shore United Bank, which provides a comprehensive range of banking and financial services. The company serves individual and business clients in the Mid-Atlantic region, offering products such as checking and savings accounts, loans, mortgages, and investment services. Shore Bancshares focuses on delivering personalized customer service and community engagement, leveraging its regional presence to cater to the financial needs of its customers.
How the Company Makes MoneyShore Bancshares makes money primarily through interest income generated from its lending activities, including commercial, real estate, and consumer loans. The bank earns interest on the loans it provides, which typically exceeds the interest it pays on customer deposits, creating a net interest margin. Additionally, the company generates non-interest income from fees and service charges related to deposit accounts, loan servicing, and other financial services. Shore Bancshares also benefits from investment income derived from securities and other financial instruments. These revenue streams are supported by the company's strategic focus on expanding its market presence and maintaining strong customer relationships.
Shore Bancshares Financial Statement Overview
Summary
Overall, Shore Bancshares exhibits solid financial performance with strong revenue growth and stable financial health. While profitability and cash flow management are areas for improvement, the company's low leverage and strong equity position provide a solid foundation for future growth.Income Statement
Shore Bancshares demonstrates strong revenue growth, with a significant increase in total revenue from 2023 to 2024. The company maintains a robust gross profit margin, indicating effective cost management. However, the net profit margin could be improved to enhance overall profitability.80
Positive
Balance Sheet
The company has a healthy equity position with a stable equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting low financial leverage and reduced risk. However, the return on equity is moderate, reflecting potential room for efficiency improvements.75
Positive
Cash Flow
Shore Bancshares shows fluctuations in operating cash flow, but maintains positive free cash flow, indicating decent cash management. The free cash flow to net income ratio suggests the company is generating sufficient cash relative to its profits, although improvements in cash flow growth are needed.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 295.34M | 128.70M | 124.39M | 77.63M | 63.35M | Gross Profit |
| 295.34M | 128.70M | 124.39M | 77.63M | 63.35M | EBIT |
| 289.50M | 0.00 | 54.68M | 21.18M | 21.05M | EBITDA |
| 0.00 | 0.00 | -5.58M | -10.28M | -1.07M | Net Income Common Stockholders |
| 43.89M | 11.23M | 31.18M | 15.37M | 15.73M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 44.01M | 482.93M | 139.09M | 700.60M | 326.49M | Total Assets |
| 6.23B | 6.01B | 3.48B | 3.46B | 1.93B | Total Debt |
| 11.84M | 85.15M | 92.98M | 64.46M | 29.30M | Net Debt |
| -32.16M | -287.26M | 37.48M | -519.15M | -157.61M | Total Liabilities |
| 5.69B | 5.50B | 3.11B | 3.11B | 1.74B | Stockholders Equity |
| 541.07M | 511.13M | 364.29M | 350.69M | 195.02M |
| Cash Flow | Free Cash Flow | |||
| 41.66M | 16.76M | 50.23M | -10.95M | 16.05M | Operating Cash Flow |
| 46.89M | 22.71M | 52.65M | -7.50M | 18.43M | Investing Cash Flow |
| -134.54M | 172.31M | -581.57M | 38.19M | -280.08M | Financing Cash Flow |
| 175.09M | 121.89M | 811.00K | 366.01M | 353.60M |
Shore Bancshares Technical Analysis
Negative
13.59
Price Trends
14.95
Negative
15.49
Negative
14.27
Negative
Market Momentum
-0.35
Negative
36.91
Neutral
18.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHBI, the sentiment is Negative. The current price of 13.59 is below the 20-day moving average (MA) of 13.74, below the 50-day MA of 14.95, and below the 200-day MA of 14.27, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 36.91 is Neutral, neither overbought nor oversold. The STOCH value of 18.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SHBI.
Shore Bancshares Risk Analysis
Shore Bancshares disclosed 36 risk factors in its most recent earnings report. Shore Bancshares reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Shore Bancshares Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $1.58B | 11.14 | 10.49% | 3.35% | 11.61% | -9.42% | |
66 Neutral | $218.33M | 11.21 | 8.95% | 2.61% | 10.65% | -12.80% | |
65 Neutral | $451.59M | 10.27 | 8.34% | 3.55% | 30.29% | 103.33% | |
63 Neutral | $14.35B | 9.94 | 8.94% | 4.37% | 16.34% | -11.76% | |
59 Neutral | $85.21M | 8.88 | 9.70% | 3.24% | 13.06% | 9.31% | |
50 Neutral | $216.96M | 18.07 | 6.62% | 3.39% | -6.85% | -51.70% | |
46 Neutral | $428.96M | 16.43 | -4.49% | 6.93% | -3.66% | -196.64% |
* Financial Sector Average
Performance Comparison
SHBI
Shore Bancshares
13.59
3.06
29.06%
CFFI
C&F Financial
66.70
20.10
43.13%
EVBN
Evans Bancorp
38.67
10.71
38.30%
FCF
First Commonwealth
15.55
2.63
20.36%
FFIC
Flushing Financial
12.65
1.32
11.65%
UBOH
United Bancshares
26.88
8.68
47.69%
Shore Bancshares Corporate Events
Business Operations and StrategyFinancial Disclosures
Shore Bancshares Releases Year-End Investor Presentation
Neutral
Mar 10, 2025
Shore Bancshares, Inc. released an investor presentation on December 31, 2024, detailing its financial information for potential investor and analyst meetings. The presentation highlights the company’s financial performance, including assets and loans, and discusses various factors that could impact future results, such as economic conditions, regulatory changes, and cybersecurity threats. The presentation also emphasizes the company’s focus on managing growth and executing its strategy amidst industry challenges.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.