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Shore Bancshares
(NASDAQ:SHBI)
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Rating:70Outperform
Price Target:
$25.00
â–²(8.41% Upside)
Action:Upgraded
Date:10/24/26
The score is driven primarily by improving financial performance (stronger revenue, margins, and returns) and supportive valuation (moderate P/E with a solid dividend). The main offsets are mixed technical momentum and the need to monitor cash-flow stability given the TTM free-cash-flow decline and historical variability.
Positive Factors
Earnings recovery
Strong revenue expansion and materially higher net margins indicate that Shore Bancshares has improved both earning capacity and operating profitability. If maintained, this recovery can support capital generation, shareholder returns, and continued investment across its community banking franchise.
Negative Factors
Multifamily credit exposure
The multifamily charge-off demonstrates that weakening property valuations can still create material credit costs for Shore Bancshares. Although management is exiting the affected credits, further collateral reassessments or borrower stress could pressure earnings and offset otherwise strong core performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings recovery
Strong revenue expansion and materially higher net margins indicate that Shore Bancshares has improved both earning capacity and operating profitability. If maintained, this recovery can support capital generation, shareholder returns, and continued investment across its community banking franchise.
Read all positive factors
Shore Bancshares (SHBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$751.03M
Dividend Yield2.31%
Average Volume (3M)239.58K
Price to Earnings (P/E)11.0
Beta (1Y)0.81
Revenue Growth2.75%
EPS Growth20.38%
CountryUS
Employees602
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.05
Shares Outstanding33,372,276
10 Day Avg. Volume271,566
30 Day Avg. Volume239,581
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 Cap1.05
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit3.37
Enterprise Value/Ebitda4.42
Forecast
1Y Price Target
$25.67Price Target Upside11.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.16
Revenue Forecast (FY)$247.52M
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 generates revenue through its banking subsidiary by (1) earning net interest income and (2) collecting noninterest income (fees), while incurring operating expenses and credit costs typical of a depository institution.
...
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 | 348.46M | 342.72M | 326.49M | 238.42M | 136.93M | 83.67M |
| Gross Profit | 234.38M | 216.69M | 196.96M | 128.70M | 122.46M | 77.99M |
| EBITDA | 178.66M | 93.99M | 74.74M | 25.12M | 48.00M | 24.27M |
| Net Income | 68.61M | 59.51M | 43.89M | 11.23M | 31.18M | 15.37M |
Balance Sheet | ||||||
| Total Assets | 6.45B | 6.26B | 6.23B | 6.01B | 3.48B | 3.46B |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 50.16M | 609.06M | 482.93M | 139.09M | 700.60M |
| Total Debt | 99.13M | 111.11M | 135.56M | 85.15M | 92.98M | 68.61M |
| Total Liabilities | 5.84B | 5.67B | 5.69B | 5.50B | 3.11B | 3.11B |
| Stockholders Equity | 619.30M | 589.87M | 541.07M | 511.13M | 364.29M | 350.69M |
Cash Flow | ||||||
| Free Cash Flow | 45.29M | 59.22M | 41.66M | 16.76M | 50.23M | -10.95M |
| Operating Cash Flow | 47.62M | 62.39M | 46.89M | 22.71M | 52.65M | -7.50M |
| Investing Cash Flow | -27.13M | -118.32M | -134.54M | 172.31M | -581.57M | 38.19M |
| Financing Cash Flow | -179.34M | -48.35M | 175.09M | 121.89M | 811.00K | 366.01M |
Shore Bancshares Technical Analysis
Negative
23.06
Price Trends
22.91
Negative
22.96
Negative
20.91
Positive
Market Momentum
-0.04
Negative
45.78
Neutral
56.18
Neutral
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 23.06 is above the 20-day moving average (MA) of 22.67, above the 50-day MA of 22.91, and above the 200-day MA of 20.91, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 45.78 is Neutral, neither overbought nor oversold. The STOCH value of 56.18 is Neutral, 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 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $662.27M | 12.04 | 13.13% | 3.22% | 14.85% | 64.71% | |
75 Outperform | $868.26M | 9.39 | 14.42% | 2.65% | 1.02% | 18.66% | |
75 Outperform | $712.74M | 12.54 | 10.86% | 3.50% | 0.41% | 68.29% | |
74 Outperform | $356.81M | 11.76 | 11.28% | 1.73% | 8.41% | 15.32% | |
73 Outperform | $888.03M | 14.10 | 11.86% | 4.81% | 9.15% | 23.27% | |
70 Outperform | $751.03M | 11.00 | 11.30% | 2.31% | 2.75% | 20.38% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SHBI
Shore Bancshares
22.55
7.44
49.24%
ACNB
ACNB
65.12
21.86
50.55%
CFFI
C&F Financial
109.73
42.79
63.92%
FCBC
First Community Bancshares
46.96
16.33
53.29%
ORRF
Orrstown Financial Services
44.14
12.04
37.50%
PFIS
Peoples Financial Services
71.20
26.05
57.68%
Shore Bancshares Corporate Events
Business Operations and StrategyFinancial Disclosures
Shore Bancshares Highlights Q3 Strength and Mid-Atlantic Growth
Positive
Oct 23, 2026
In an investor presentation dated September 30, 2026, Shore Bancshares highlighted its position as a $6.5 billion community bank with dominant deposit market share in Central and Southern Maryland and a growing footprint in Delaware and Virginia. ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Shore Bancshares Adopts New Director Deferred Compensation Plan
Positive
Oct 1, 2026
On September 30, 2026, Shore Bancshares, Inc.’s board adopted a new Deferred Compensation Plan for non-employee directors designed to comply with Section 409A of the Internal Revenue Code and to provide a supplemental source of retirement sa...
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.