Piper Sandler analyst Casey Orr Whitman lowered the firm’s price target on Shore Bancshares to $16 from $22 and keeps an Overweight rating on the shares after the company completed its merger of equals with Community Financial. The analyst updated estimates to reflect a more challenging net interest income environment for all banks.
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Read More on SHBI:
- Shore Bancshares, Inc. and The Community Financial Corporation Complete Merger
- Shore Bancshare, Community Financial complete merger
- Shore Bancshares, Inc. and The Community Financial Corporation Announce Receipt of Shareholder Approval for Merger of Equals
- Shore Bancshares shareholders approve Community Financial merger
