Shore Bancshares (SHBI) to Release Quarterly Earnings on Thursday

Shore Bancshares (NASDAQ:SHBI) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect Shore Bancshares to post earnings of $0.35 per share and revenue of $50.78 million for the quarter.

Shore Bancshares (NASDAQ:SHBI) last issued its earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Shore Bancshares had a return on equity of 10.40% and a net margin of 13.44%. On average, analysts expect Shore Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shore Bancshares Stock Performance

SHBI opened at $13.14 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23. Shore Bancshares has a 12-month low of $10.31 and a 12-month high of $17.61. The firm has a 50 day moving average of $13.46 and a two-hundred day moving average of $15.01. The firm has a market capitalization of $438.53 million, a PE ratio of 9.88 and a beta of 0.86.

Shore Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.65%. Shore Bancshares’s payout ratio is currently 36.09%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler assumed coverage on Shore Bancshares in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 target price on the stock.

About Shore Bancshares

Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank, N.A. 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.