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 |
|---|---|---|---|
| 2/6/2025 | $20.00 | Overweight | Piper Sandler |
| 12/4/2024 | $16.00 → $20.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 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 |
EASTON, Md., May 1, 2025 /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 23, 2025 to stockholders of record on May 12, 2025. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the parent company of Shore United Bank, N.A. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. Additional informatio
EASTON, Md., April 29, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the first quarter of 2025 of $13.8 million, or $0.41 per diluted common share, compared to net income of $13.3 million, or $0.40 per diluted common share, for the fourth quarter of 2024, and net income of $8.2 million, or $0.25 per diluted common share, for the first quarter of 2024. First Quarter 2025 Highlights Improved Return on Average Assets ("ROAA") – The Company repo
EASTON, Md., April 17, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced the appointment of Charles Cullum as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of April 21, 2025. Todd L. Capitani, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through August 15, 2025 and will work closely with Mr. Cullum during the transition period. Mr. Cullum brings more than 20 years of financial experie
EASTON, Md., Jan. 30, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the fourth quarter of 2024 of $13.3 million, or $0.40 per diluted common share, compared to net income of $11.2 million, or $0.34 per diluted common share, for the third quarter of 2024, and net income of $10.5 million, or $0.31 per diluted common share, for the fourth quarter of 2023. Net income for the fiscal year of 2024 was $43.9 million, or $1.32 per diluted common share, compared to net income for the fiscal year of 2023 of $11.2 million, or $0.42 per diluted common share.
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., April 17, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced the appointment of Charles Cullum as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of April 21, 2025. Todd L. Capitani, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through August 15, 2025 and will work closely with Mr. Cullum during the transition period. Mr. Cullum brings more than 20 years of financial experie
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
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Piper Sandler initiated coverage of Shore Bancshares with a rating of Overweight and set a new price target of $20.00
Keefe Bruyette upgraded Shore Bancshares from Mkt Perform to Outperform and set a new price target of $20.00 from $16.00 previously
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
EASTON, Md., May 1, 2025 /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 23, 2025 to stockholders of record on May 12, 2025. Shore Bancshares Information Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the parent company of Shore United Bank, N.A. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. Additional informatio
EASTON, Md., April 29, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the first quarter of 2025 of $13.8 million, or $0.41 per diluted common share, compared to net income of $13.3 million, or $0.40 per diluted common share, for the fourth quarter of 2024, and net income of $8.2 million, or $0.25 per diluted common share, for the first quarter of 2024. First Quarter 2025 Highlights Improved Return on Average Assets ("ROAA") – The Company repo
EASTON, Md., Jan. 30, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the fourth quarter of 2024 of $13.3 million, or $0.40 per diluted common share, compared to net income of $11.2 million, or $0.34 per diluted common share, for the third quarter of 2024, and net income of $10.5 million, or $0.31 per diluted common share, for the fourth quarter of 2023. Net income for the fiscal year of 2024 was $43.9 million, or $1.32 per diluted common share, compared to net income for the fiscal year of 2023 of $11.2 million, or $0.42 per diluted common share.
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.
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