SHBI Stock Summary and Trading Ideas (Shore Bancshares | NASDAQ:SHBI)

Shore Bancshares Inc is a financial holding company. It offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region. It operates in two business segments - community banking and mortgage banking. Community banking is conducted through the Bank and involves delivering a broad range of financial services, including lending and deposit-taking, to individuals and commercial enterprises, it also includes treasury and administrative functions. Mortgage banking is conducted through the Bank's secondary marketing department and involves originating first and second-lien residential mortgages for sale in the secondary market.

Shore Bancshares trades on the NASDAQ stock market under the symbol SHBI.

As of March 3, 2025, SHBI stock price declined to $15.01 with 315,429 million shares trading.

SHBI has a beta of 0.96, meaning it tends to be less sensitive to market movements. SHBI has a correlation of 0.14 to the broad based SPY ETF.

SHBI has a market cap of $500.08 million. This is considered a Small Cap stock.

Last quarter Shore Bancshares reported $44 million in Revenue and $.40 earnings per share. This fell short of revenue expectation by $-8 million and exceeded earnings estimates by $.05.

In the last 3 years, SHBI traded as high as $21.41 and as low as $9.66.

The top ETF exchange traded funds that SHBI belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

SHBI has outperformed the market in the last year with a return of +38.1%, while the SPY ETF gained +16.7%. However, in the most recent history, SHBI shares have underperformed the stock market with its stock returning -8.0% in the last 3 month period and -8.7% for the last 2 week period, while SPY has returned -2.2% and -4.3%, respectively.

SHBI support price is $14.80 and resistance is $15.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHBI shares will trade within this expected range on the day.