Shares of Shore Bancshares, Inc. (NASDAQ:SHBI) have been given an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus price objective of $23.00 for the company, according to Zacks. Zacks has also assigned Shore Bancshares an industry rank of 171 out of 256 based on the ratings given to its competitors.

NASDAQ SHBI traded down $0.55 during trading on Friday, hitting $14.06. The stock had a trading volume of 4 shares, compared to its average volume of 29,650. The company has a market cap of $190.73 million, a P/E ratio of 11.69 and a beta of 0.45. Shore Bancshares has a twelve month low of $12.95 and a twelve month high of $20.09.

Shore Bancshares (NASDAQ:SHBI) last announced its quarterly earnings data on Thursday, October 18th. The bank reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Shore Bancshares had a return on equity of 9.80% and a net margin of 21.52%. The company had revenue of $17.66 million for the quarter.

Several institutional investors have recently made changes to their positions in SHBI. Penn Capital Management Co. Inc. lifted its stake in Shore Bancshares by 44.0% during the third quarter. Penn Capital Management Co. Inc. now owns 125,673 shares of the bank’s stock worth $2,239,000 after purchasing an additional 38,399 shares during the last quarter. Bailard Inc. lifted its stake in Shore Bancshares by 15.3% during the third quarter. Bailard Inc. now owns 37,600 shares of the bank’s stock worth $670,000 after purchasing an additional 5,000 shares during the last quarter. BlackRock Inc. lifted its stake in Shore Bancshares by 4.9% during the second quarter. BlackRock Inc. now owns 781,452 shares of the bank’s stock worth $14,863,000 after purchasing an additional 36,438 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Shore Bancshares by 5.0% during the second quarter. Renaissance Technologies LLC now owns 359,300 shares of the bank’s stock worth $6,834,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Shore Bancshares by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 396,754 shares of the bank’s stock worth $7,546,000 after purchasing an additional 45,317 shares during the last quarter. 67.14% of the stock is owned by institutional investors and hedge funds.

About Shore Bancshares

Shore Bancshares, Inc is a financial holding company, which engages in the provision of commercial banking products and services. It operates through the Community Banking and Insurance Products and Services segments. The Community Banking segment comprises small business services, retail brokerage, trust services, and consumer banking products and services.

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