Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
09 April 2001Website:
http://www.shoreunitedbank.comNext earnings report:
26 July 2024Last dividends:
15 May 2024Next dividends:
N/APrice
after hours | Tue, 02 Jul 2024 20:02:21 GMTAnalysts recommendations
Institutional Ownership
SHBI Latest News
Shore Bancshares (SHBI) reported quarterly earnings of $0.41 per share, surpassing the Zacks Consensus Estimate of $0.33 per share. This is an increase from earnings of $0.35 per share in the same quarter last year.
Shore Bancshares (SHBI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
While the top- and bottom-line numbers for Shore Bancshares (SHBI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shore Bancshares (SHBI) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.39 per share a year ago.
Shore Bancshares (SHBI) completes the merger with Community Financial. The merger is expected to result in more than 40% accretion to its earnings per share in 2024.
Shore Bancshares (SHBI) receives shareholder approval for its previously announced merger deal with Community Financial.
What type of business is Shore Bancshares?
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, as well as other consumer financing products. 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 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel 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.
What sector is Shore Bancshares in?
Shore Bancshares is in the Financial Services sector
What industry is Shore Bancshares in?
Shore Bancshares is in the Banks - Regional industry
What country is Shore Bancshares from?
Shore Bancshares is headquartered in United States
When did Shore Bancshares go public?
Shore Bancshares initial public offering (IPO) was on 09 April 2001
What is Shore Bancshares website?
https://www.shoreunitedbank.com/shore-bancshares--inc-
Is Shore Bancshares in the S&P 500?
No, Shore Bancshares is not included in the S&P 500 index
Is Shore Bancshares in the NASDAQ 100?
No, Shore Bancshares is not included in the NASDAQ 100 index
Is Shore Bancshares in the Dow Jones?
No, Shore Bancshares is not included in the Dow Jones index
When does Shore Bancshares report earnings?
The next expected earnings date for Shore Bancshares is 26 July 2024