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Shore Bancshares
(NASDAQ:SHBI)
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Rating:69Neutral
Price Target:
$25.00
▲(8.41% Upside)
Action:Downgraded
Date:08/25/26
SHBI’s score is driven primarily by improved financial performance since 2023 (stronger revenue, margins, and ROE with modest reported leverage), tempered by cash-flow variability and a TTM free-cash-flow decline. Valuation is supportive (moderate P/E and a decent dividend), while technical signals are neutral-to-soft, limiting near-term momentum. Corporate events are mildly constructive but not decisive.
Positive Factors
Earnings Recovery
The sharp recovery in revenue and net margin indicates stronger earnings capacity than in 2023. If sustained, improved profitability can support capital accumulation, technology investment and shareholder returns over the next several quarters.
Negative Factors
Earnings Cyclicality
The wide margin swings show meaningful sensitivity to interest-rate and credit cycles, which are inherent risks for regional banks. A future normalization in spreads or higher provisions could reduce profitability from its current elevated level.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The sharp recovery in revenue and net margin indicates stronger earnings capacity than in 2023. If sustained, improved profitability can support capital accumulation, technology investment and shareholder returns over the next several quarters.
Read all positive factors
Shore Bancshares (SHBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$771.23M
Dividend Yield2.17%
Average Volume (3M)198.53K
Price to Earnings (P/E)11.6
Beta (1Y)0.83
Revenue Growth2.79%
EPS Growth22.84%
CountryUS
Employees602
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.99
Shares Outstanding33,372,276
10 Day Avg. Volume230,574
30 Day Avg. Volume198,526
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.00
Price to Sales (P/S)1.72
P/FCF Ratio9.97
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$25.75Price Target Upside11.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.16
Revenue Forecast (FY)$244.66M
Shore Bancshares Business Overview & Revenue Model
Company Description
Shore Bancshares, Inc. operates as a bank holding company for Shore United Bank, N.A. that provides various consumer and commercial banking products and services to individuals, businesses, and other organizations in the United States. The company...
How the Company Makes Money
Shore Bancshares primarily earns revenue through traditional banking activities. Its largest earnings driver is typically net interest income: the spread between interest and fees it collects on loans and other interest-earning assets and the inte...
Shore Bancshares Financial Statement Overview
Summary
Income Statement
80
Positive
Balance Sheet
73
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 346.12M | 342.72M | 326.49M | 238.42M | 136.93M | 83.67M |
| Gross Profit | 230.21M | 216.69M | 196.96M | 128.70M | 122.46M | 77.99M |
| EBITDA | 101.97M | 78.77M | 74.74M | 25.12M | 48.00M | 24.27M |
| Net Income | 66.19M | 59.51M | 43.89M | 11.23M | 31.18M | 15.37M |
Balance Sheet | ||||||
| Total Assets | 6.15B | 6.26B | 6.23B | 6.01B | 3.48B | 3.46B |
| Cash, Cash Equivalents and Short-Term Investments | 935.47M | 50.16M | 609.06M | 482.93M | 139.09M | 700.60M |
| Total Debt | 99.35M | 111.11M | 135.56M | 85.15M | 92.98M | 68.61M |
| Total Liabilities | 5.54B | 5.67B | 5.69B | 5.50B | 3.11B | 3.11B |
| Stockholders Equity | 616.08M | 589.87M | 541.07M | 511.13M | 364.29M | 350.69M |
Cash Flow | ||||||
| Free Cash Flow | 87.17M | 59.22M | 41.66M | 16.76M | 50.23M | -10.95M |
| Operating Cash Flow | 90.09M | 62.39M | 46.89M | 22.71M | 52.65M | -7.50M |
| Investing Cash Flow | -47.94M | -118.32M | -134.54M | 172.31M | -581.57M | 38.19M |
| Financing Cash Flow | 30.54M | -48.35M | 175.09M | 121.89M | 811.00K | 366.01M |
Shore Bancshares Technical Analysis
Neutral
23.06
Price Trends
23.29
Negative
21.61
Positive
19.80
Positive
Market Momentum
-0.07
Positive
42.20
Neutral
52.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHBI, the sentiment is Neutral. The current price of 23.06 is below the 20-day moving average (MA) of 23.73, below the 50-day MA of 23.29, and above the 200-day MA of 19.80, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 42.20 is Neutral, neither overbought nor oversold. The STOCH value of 52.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SHBI.
Shore Bancshares Risk Analysis
Shore Bancshares disclosed 53 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $686.74M | 11.47 | 10.44% | ― | -2.10% | 110.95% | |
69 Neutral | $771.23M | 11.59 | 11.10% | 2.12% | 2.79% | 22.84% | |
68 Neutral | $757.82M | 13.69 | 10.18% | 5.83% | 27.43% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $827.53M | 30.22 | 4.88% | 2.60% | -11.76% | -35.46% |
* Financial Sector Average
SHBI
Shore Bancshares
23.06
6.22
36.94%
WASH
Washington Bancorp
39.84
11.59
41.03%
BCAL
California BanCorp
21.34
4.77
28.77%
ALRS
Alerus Financial
33.24
11.73
54.54%
Shore Bancshares Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Shore Bancshares Modernizes Corporate Governance With New Bylaws
Positive
Aug 25, 2026
On August 20, 2026, Shore Bancshares, Inc.’s board approved an amended and restated set of bylaws that modernizes corporate governance procedures, notably authorizing electronic transmission for notices of shareholder and board meetings and ...
Business Operations and StrategyFinancial Disclosures
Shore Bancshares Highlights Strong Q2 2026 Performance
Positive
Jul 24, 2026
On June 30, 2026, Shore Bancshares released an investor presentation outlining its financial and strategic profile for potential investors and analysts. The materials, furnished but not filed with regulators, emphasize its strong Eastern and South...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.