Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine (ATM) services. It operates 22 full service branches, 24 ATMs, 2 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.
IPO Year:
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/30/2024 | Buy → Neutral | Janney | |
| 8/15/2023 | Neutral → Buy | Janney | |
| 12/13/2022 | $22.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 12/5/2022 | $22.00 | Overweight | Piper Sandler |
| 8/31/2022 | Neutral | Janney | |
| 11/4/2021 | $15.00 → $22.00 | Neutral → Overweight | Piper Sandler |
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
10-Q - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
8-K - SHORE BANCSHARES INC (0001035092) (Filer)
EFFECT - SHORE BANCSHARES INC (0001035092) (Filer)
S-3/A - SHORE BANCSHARES INC (0001035092) (Filer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
EASTON, Md., Oct. 30, 2024 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ:SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 29, 2024 to stockholders of record on November 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services
EASTON, Md., Oct. 24, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the third quarter of 2024 of $11.2 million or $0.34 per diluted common share which was equal to the second quarter of 2024. The Company's had a net loss of $9.7 million or $(0.29) per diluted common share for the third quarter of 2023 as a result of the merger of equals on July 1, 2023 between the Company and The Community Financial Corporation. Net income for the first nine months of 2024 was $30.6 million or $0.92 per diluted common share, compared to the first nine months of 20
EASTON, Md., Aug. 1, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 30, 2024 to stockholders of record on August 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services t
EASTON, Md., July 25, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the second quarter of 2024 of $11.2 million or $0.34 per diluted common share compared to net income of $8.2 million or $0.25 per diluted common share for the first quarter of 2024, and net income of $4.0 million or $0.20 per diluted common share for the second quarter of 2023. Net income for the first-half of 2024 was $19.4 million or $0.58 per diluted common share, compared to net income for the first-half of 2023 of $10.5 million or $0.53 per diluted common share. Unless the co
EASTON, Md., May 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the first quarter of 2024 of $8.2 million or $0.25 per diluted common share compared to a net income of $10.5 million or $0.32 per diluted common share for the fourth quarter of 2023, and net income of $6.5 million or $0.32 per diluted common share for the first quarter of 2023. First Quarter 2024 Highlights Credit Card Fraud - On April 2, 2024, the Bank detected that
EASTON, Md., Feb. 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable February 29, 2024 to stockholders of record on February 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management servic
EASTON, Md., Jan. 31, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A. (the "Bank" or "SUB") reported net income for the fourth quarter of 2023 of $10.5 million or $0.32 per diluted common share compared to a net loss of $9.7 million or $0.29 per diluted common share for the third quarter of 2023, and net income of $8.4 million or $0.42 per diluted common share for the fourth quarter of 2022. Net income for the fiscal year of 2023 was $11.2 million or $0.42 per diluted common share, compared to net income for the fiscal year of 2022 of $31.2 million or $1.57 per diluted common share.
EASTON, Md., July 25, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 31, 2023, to stockholders of record on August 4, 2023. "We are pleased to announce the continuation of our quarterly cash dividend of $0.12 per share." said James M. Burke, President and Chief Executive Officer. "As we continue our integration of the merger, we appreciate the loyalty and support of our employees, customers, and shareholders." Shore Bancshares
EASTON, Md., July 3, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ:SHBI) ("SHBI"), the financial holding company of Shore United Bank, N.A. ("Shore United"), and The Community Financial Corporation ("TCFC"), the bank holding company of Community Bank of the Chesapeake ("CBC"), announced today the closing of their previously announced merger of equals, combining the two premier banks to create one of Maryland's top community banks. Lloyd L. "Scott" Beatty, Jr., former President and Chief Executive Officer of SHBI, commented, "Bringing together two of Maryland's leading
EASTON, Md. and WALDORF, Md., June 20, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ:SHBI) ("SHBI"), the financial holding company of Shore United Bank, N.A. ("Shore United Bank"), and The Community Financial Corporation (NASDAQ:TCFC) ("TCFC"), the bank holding company of Community Bank of the Chesapeake, a Maryland-chartered commercial bank ("CBC"), announced today that, at special meetings of their respective shareholders held on June 20, 2023, SHBI's shareholders approved the merger of TCFC with and into SHBI, with SHBI as the surviving corporation (the "Merger"), and the issuance of shares of SHBI's common stock to the shareholders of TCFC pursuant to an Agreement and Plan of Merge
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G - SHORE BANCSHARES INC (0001035092) (Subject)
SC 13G/A - SHORE BANCSHARES INC (0001035092) (Subject)
Janney downgraded Shore Bancshares from Buy to Neutral
Janney upgraded Shore Bancshares from Neutral to Buy
Keefe Bruyette downgraded Shore Bancshares from Outperform to Mkt Perform and set a new price target of $22.00
Piper Sandler resumed coverage of Shore Bancshares with a rating of Overweight and set a new price target of $22.00
Janney initiated coverage of Shore Bancshares with a rating of Neutral
Piper Sandler upgraded Shore Bancshares from Neutral to Overweight and set a new price target of $22.00 from $15.00 previously
Keefe, Bruyette & Woods upgraded Shore Bancshares from Market Perform to Outperform and set a new price target of $20.00 from $15.00 previously
Keefe Bruyette upgraded Shore Bancshares from Mkt Perform to Outperform and set a new price target of $20.00 from $15.00 previously
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4 - SHORE BANCSHARES INC (0001035092) (Issuer)
4/A - SHORE BANCSHARES INC (0001035092) (Issuer)
EASTON, Md., Oct. 30, 2024 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ:SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 29, 2024 to stockholders of record on November 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services
EASTON, Md., Oct. 24, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the third quarter of 2024 of $11.2 million or $0.34 per diluted common share which was equal to the second quarter of 2024. The Company's had a net loss of $9.7 million or $(0.29) per diluted common share for the third quarter of 2023 as a result of the merger of equals on July 1, 2023 between the Company and The Community Financial Corporation. Net income for the first nine months of 2024 was $30.6 million or $0.92 per diluted common share, compared to the first nine months of 20
EASTON, Md., Aug. 1, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 30, 2024 to stockholders of record on August 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services t
EASTON, Md., July 25, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the second quarter of 2024 of $11.2 million or $0.34 per diluted common share compared to net income of $8.2 million or $0.25 per diluted common share for the first quarter of 2024, and net income of $4.0 million or $0.20 per diluted common share for the second quarter of 2023. Net income for the first-half of 2024 was $19.4 million or $0.58 per diluted common share, compared to net income for the first-half of 2023 of $10.5 million or $0.53 per diluted common share. Unless the co
EASTON, Md., May 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the first quarter of 2024 of $8.2 million or $0.25 per diluted common share compared to a net income of $10.5 million or $0.32 per diluted common share for the fourth quarter of 2023, and net income of $6.5 million or $0.32 per diluted common share for the first quarter of 2023. First Quarter 2024 Highlights Credit Card Fraud - On April 2, 2024, the Bank detected that
EASTON, Md., Feb. 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable February 29, 2024 to stockholders of record on February 12, 2024. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management servic
EASTON, Md., Jan. 31, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A. (the "Bank" or "SUB") reported net income for the fourth quarter of 2023 of $10.5 million or $0.32 per diluted common share compared to a net loss of $9.7 million or $0.29 per diluted common share for the third quarter of 2023, and net income of $8.4 million or $0.42 per diluted common share for the fourth quarter of 2022. Net income for the fiscal year of 2023 was $11.2 million or $0.42 per diluted common share, compared to net income for the fiscal year of 2022 of $31.2 million or $1.57 per diluted common share.
EASTON, Md., July 25, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 31, 2023, to stockholders of record on August 4, 2023. "We are pleased to announce the continuation of our quarterly cash dividend of $0.12 per share." said James M. Burke, President and Chief Executive Officer. "As we continue our integration of the merger, we appreciate the loyalty and support of our employees, customers, and shareholders." Shore Bancshares
EASTON, Md., May 3, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ:SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable May 31, 2023, to stockholders of record on May 13, 2023. "We are pleased to announce the continuation of our quarterly cash dividend of $0.12 per share," said Lloyd L. "Scott" Beatty, Jr., President and Chief Executive Officer. "We continue to make progress with the pending merger with The Community Financial Corporation ("TCFC"). We have now received all bank regulatory appr
EASTON, Md., April 27, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares") reported net income of $6.457 million or $0.32 per diluted common share for the first quarter of 2023, compared to net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022, and net income of $5.613 million or $0.28 per diluted common share for the first quarter of 2022. Net income, excluding merger-related expenses, for the first quarter of 2023 was $6.959 million or $0.35 per diluted common share, compared to net income, excluding merger-related expenses, of $9.123 million or $0.46 per diluted common share for the fourth quarter of 202
EASTON, Md., Aug. 2, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ:SHBI) today announced the appointment of Esther A. Streete as a director of both the Company and Shore United Bank, N.A., the Company's wholly-owned bank subsidiary (the "Bank"), effective August 1, 2022. Ms. Streete is an independent director pursuant to applicable NASDAQ rules and has no material relationship with the Company or the Bank. This director appointment brings the total number of directors to 15 for both the Company and the Bank. "We are very pleased to add Esther to our Boar
EASTON, Md., Aug. 12, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ:SHBI) announced today that David J. Bates, one of its distinguished board members resigned on August 9, 2021, made effective as of August 31, 2021. Lloyd L. "Scott" Beatty, Jr., President and Chief Executive Officer stated, "We are saddened by the recent announcement of Mr. Bates retirement from the board due to personal health reasons. He has been a long-standing member of our board and has been a well-known business leader in the Mid-Atlantic region." Frank E. Mason, III, Chairman of
EASTON, Md., Dec. 22, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Dawn M. Willey as a director of both the Company and Shore United Bank, the Company's wholly-owned bank subsidiary, effective January 1, 2021. Mrs. Willey is an independent director pursuant to applicable NASDAQ rules and has no material relationship with the Company. This director appointment brings the total number of directors to 11 for both the Company and Shore United Bank. "We are very pleased to add Dawn to our Board of Directors," said Lloyd L. "Scott" Beatty, Jr., President and Chief Executive Officer. "She brings significant financial services exper
- SEC Filing
Keefe, Bruyette & Woods analyst Catherine Mealor maintains Shore Bancshares (NASDAQ:SHBI) with a Market Perform and lowers the price target from $14 to $13.
Shore Bancshares (NASDAQ:SHBI) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.32 by 21.88 percent. This is a 28.57 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $41.13 million which missed the analyst consensus estimate of $42.19 million by 2.50 percent. This is a 60.03 percent increase over sales of $25.70 million the same period last year.
Thursday marks the last chance for investors to receive the next dividend payout from Shore Bancshares (NASDAQ:SHBI). What's Happening The company announced on Friday that it would pay shareholders a quarterly dividend of 12 cents per share. On Friday, Shore Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SHBI as of the end of Thursday's session are eligible to receive the 12 cents divide
Wednesday marks the last chance for investors to receive the next dividend payout from Shore Bancshares (NASDAQ:SHBI). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 12 cents per share. On Thursday, Shore Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own SHBI as of the end of Wednesday's session are eligible to receive the 12 cents
On Tuesday, 647 companies set new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the biggest company on a market cap basis to set a new 52-week low. Blue Star Foods (NASDAQ:BSFC) was the smallest company by market cap to set a new 52-week low. Stryve Foods (NASDAQ:SNAX) shares dropped the most, trading down 27.96% to reach its new 52-week low. Royal Bank of Canada (NYSE:RY) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Bank of America (NYSE:BAC) shares set a new yearly low of $26.16 this morning. The stock was down 0.75% on
On Monday, 369 companies set new 52-week lows. Intriguing Points From Today's 52-Week Lows: Danaher (NYSE:DHR) was the biggest company by market cap to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Ascent Solar Technologies (NASDAQ:ASTI). EBET (NASDAQ:EBET) saw the largest move of the companies, as shares plummetted 2955.38% to hit a new 52-week low. Fiserv (NYSE:FI) was the most promising stock of the group, with shares actually trading up 0.0% to bounce back after reaching its new 52-week low. Here are all the stocks that set new 52-week lows as of 10am on Monday: Danaher (NYSE:DHR) stock set a new 52-week low of $210.14 on M