KBW analyst Catherine Mealor assigned a Hold rating to Shore Bancshares (SHBI – Research Report) today and set a price target of $13.00. The company’s shares closed yesterday at $10.70.
According to TipRanks, Mealor is a 5-star analyst with an average return of 11.3% and a 60.24% success rate. Mealor covers the Financial sector, focusing on stocks such as United Bankshares, MVB Financial, and Southern States Bancshares.
Currently, the analyst consensus on Shore Bancshares is a Moderate Buy with an average price target of $14.00.
Based on Shore Bancshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $45.72 million and a net profit of $7.14 million. In comparison, last year the company earned a revenue of $32.8 million and had a net profit of $8.41 million
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.
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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.
