Piper Sandler analyst Casey Whitman maintained a Buy rating on Shore Bancshares (SHBI – Research Report) today and set a price target of $14.00. The company’s shares opened today at $10.31.
Whitman covers the Financial sector, focusing on stocks such as Orrstown Financial Services, Stock Yards Bancorp, and Shore Bancshares. According to TipRanks, Whitman has an average return of 7.5% and a 53.23% success rate on recommended stocks.
Currently, the analyst consensus on Shore Bancshares is a Moderate Buy with an average price target of $14.50.
SHBI market cap is currently $343.7M and has a P/E ratio of 24.50.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SHBI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Shore Bancshares (SHBI) Company Description:
Shore Bancshares, Inc. is a financial holding company, which engages in the provision of commercial banking products and services to individuals and businesses. Its services include checking accounts, various savings programs, mortgage loans, home improvement loans, installment and other personal loans, credit cards, personal lines of credit, automobile and other consumer financing, safe deposit boxes, debit cards, 24-hour telephone banking, internet banking, mobile banking, and 24-hour automatic teller machine services. It also offers commercial checking, savings, certificates of deposit, and overnight investment sweep accounts. The company was founded on March 15, 1996 and is headquartered in Easton, MD.
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