Shore Bancshares Future Growth

Future criteria checks 2/6

Shore Bancshares is forecast to grow earnings and revenue by 15% and 8.4% per annum respectively. EPS is expected to grow by 14.7% per annum. Return on equity is forecast to be 9.4% in 3 years.

Key information

15.0%

Earnings growth rate

14.7%

EPS growth rate

Banks earnings growth	8.8%
Revenue growth rate	8.4%
Future return on equity	9.4%
Analyst coverage	Low
Last updated	10 Dec 2024

Recent future growth updates

Recent updates

Shore Bancshares (NASDAQ:SHBI) Is Paying Out A Dividend Of $0.12

May 07

Shore Bancshares' (NASDAQ:SHBI) Dividend Will Be $0.12

Nov 12

With EPS Growth And More, Shore Bancshares (NASDAQ:SHBI) Makes An Interesting Case

Mar 14

Shore Bancshares to commence up to $5.0M share repurchase program

Jul 06

Analysts Are Betting On Shore Bancshares, Inc. (NASDAQ:SHBI) With A Big Upgrade This Week

Feb 18

We Think Some Shareholders May Hesitate To Increase Shore Bancshares, Inc.'s (NASDAQ:SHBI) CEO Compensation

May 06

What Is The Ownership Structure Like For Shore Bancshares, Inc. (NASDAQ:SHBI)?

Mar 15

Shore Bancshares, Inc. (NASDAQ:SHBI) Passed Our Checks, And It's About To Pay A US$0.12 Dividend

Feb 07

Earnings and Revenue Growth Forecasts

NasdaqGS:SHBI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	234	57	N/A	N/A	1
12/31/2025	218	51	N/A	N/A	1
12/31/2024	201	43	N/A	N/A	1
9/30/2024	193	41	44	51	N/A
6/30/2024	168	20	10	17	N/A
3/31/2024	146	13	7	14	N/A
12/31/2023	129	11	17	23	N/A
9/30/2023	113	9	-15	-11	N/A
6/30/2023	121	29	18	20	N/A
3/31/2023	124	32	37	39	N/A
12/31/2022	122	31	50	53	N/A
9/30/2022	118	25	24	27	N/A
6/30/2022	104	20	21	25	N/A
3/31/2022	90	17	10	14	N/A
12/31/2021	78	15	-11	-8	N/A
9/30/2021	66	17	21	24	N/A
6/30/2021	62	15	17	19	N/A
3/31/2021	61	17	16	18	N/A
12/31/2020	59	16	16	18	N/A
9/30/2020	59	16	12	14	N/A
6/30/2020	60	17	16	19	N/A
3/31/2020	59	16	7	10	N/A
12/31/2019	59	16	11	14	N/A
9/30/2019	59	16	13	16	N/A
6/30/2019	59	16	15	15	N/A
3/31/2019	58	16	23	24	N/A
12/31/2018	58	16	17	18	N/A
9/30/2018	50	13	17	18	N/A
6/30/2018	52	12	N/A	20	N/A
3/31/2018	51	10	N/A	18	N/A
12/31/2017	52	9	N/A	20	N/A
9/30/2017	58	11	N/A	20	N/A
6/30/2017	55	10	N/A	17	N/A
3/31/2017	54	10	N/A	19	N/A
12/31/2016	53	10	N/A	19	N/A
9/30/2016	52	9	N/A	18	N/A
6/30/2016	51	9	N/A	18	N/A
3/31/2016	50	8	N/A	16	N/A
12/31/2015	49	7	N/A	15	N/A
9/30/2015	48	6	N/A	14	N/A
6/30/2015	47	6	N/A	14	N/A
3/31/2015	47	5	N/A	12	N/A
12/31/2014	47	5	N/A	13	N/A
9/30/2014	48	5	N/A	19	N/A
6/30/2014	28	-8	N/A	15	N/A
3/31/2014	27	-9	N/A	19	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHBI's forecast earnings growth (15% per year) is above the savings rate (2.6%).

Earnings vs Market: SHBI's earnings (15% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: SHBI's earnings are forecast to grow, but not significantly.

Revenue vs Market: SHBI's revenue (8.4% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: SHBI's revenue (8.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SHBI's Return on Equity is forecast to be low in 3 years time (9.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 12:39
End of Day Share Price	2025/01/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shore Bancshares, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Cary Morris	BB&T Capital Markets
Matthew Schultheis	Boenning & Scattergood, Inc.
John Rodis	Janney Montgomery Scott LLC

Shore Bancshares Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 16% to US$17.75

Price target increased by 7.8% to US$13.75

Price target decreased by 11% to US$14.08

Consensus EPS estimates increase by 44%

Price target increased by 12% to US$15.17

Consensus EPS estimates fall by 32%, revenue upgraded

Recent updates

Price target increased by 16% to US$17.75

Third quarter dividend of US$0.12 announced

Shore Bancshares, Inc. Declares Quarterly Dividend, Payable on November 29, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Second quarter dividend of US$0.12 announced

Shore Bancshares, Inc. Declares Quarterly Dividend, Payable on August 30, 2024

Price target increased by 7.8% to US$13.75

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Shore Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Investor sentiment improves as stock rises 19%

Independent Director recently bought US$56k worth of stock

Shore Bancshares (NASDAQ:SHBI) Is Paying Out A Dividend Of $0.12

First quarter dividend of US$0.12 announced

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Shore Bancshares, Inc., Annual General Meeting, May 30, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Fourth quarter dividend of US$0.12 announced

Price target decreased by 11% to US$14.08

Shore Bancshares, Inc. Declares Quarterly Dividend, Payable on February 29, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Shore Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Consensus EPS estimates increase by 44%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 12% to US$15.17

Independent Director recently bought US$92k worth of stock

Shore Bancshares' (NASDAQ:SHBI) Dividend Will Be $0.12

Shore Bancshares, Inc. Declares Quarterly Common Stock Dividend, Payable on November 30, 2023

Shore Bancshares, Inc. Reports Unaudited Net Charge-Offs for the Third Quarter Ended September 30, 2023

Consensus EPS estimates fall by 32%, revenue upgraded

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Shore Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Shore Bancshares, Inc. Declares A Quarterly Common Stock Dividend, Payable August 31, 2023

Consensus revenue estimates decrease by 14%, EPS upgraded

New major risk - Shareholder dilution

Price target decreased by 19% to US$14.00

Consensus EPS estimates fall by 37%

Investor sentiment deteriorates as stock falls 15%

Shore Bancshares, Inc. Declares Quarterly Common Stock Dividend, Payable on May 31, 2023

Full year 2022 earnings: EPS misses analyst expectations

With EPS Growth And More, Shore Bancshares (NASDAQ:SHBI) Makes An Interesting Case

Price target decreased by 7.8% to US$19.67

Shore Bancshares, Inc. Declares Quarterly Dividend, Payable on February 28, 2023

Independent Director recently bought US$71k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Shore Bancshares, Inc. (NasdaqGS:SHBI) entered into a definitive agreement to acquire The Community Financial Corporation (NasdaqCM:TCFC) for approximately $250 million in a merger of equals transaction.

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Shore Bancshares, Inc. Reports Quarterly Dividend, Payable November 30, 2022

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Shore Bancshares, Inc. and Shore United Bank, National Association Announces Retirement of Edward C. Allen as Executive Vice President, Effective December 31, 2022

Second quarter 2022 earnings released: EPS: US$0.38 (vs US$0.34 in 2Q 2021)

Shore Bancshares, Inc. Declares Quarterly Dividend, Payable on August 31, 2022

Shore Bancshares, Inc. and Shore United Bank, N.A. Appoint Esther A. Streete as Director

Second quarter 2022 earnings released: EPS: US$0.38 (vs US$0.34 in 2Q 2021)

Shore Bancshares, Inc. (NasdaqGS:SHBI) announces an Equity Buyback for $5 million worth of its shares.

Shore Bancshares to commence up to $5.0M share repurchase program

Now 20% undervalued

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued

Shore Bancshares, Inc., Annual General Meeting, May 24, 2022

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus revenue estimates increase by 29%

Analysts Are Betting On Shore Bancshares, Inc. (NASDAQ:SHBI) With A Big Upgrade This Week

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Shore Bancshares, Inc. Declares Quarterly Common Stock Dividend, Payable on March 7, 2022

Shore Bancshares (NASDAQ:SHBI) Will Pay A Dividend Of US$0.12

Independent Director David Bates has left the company

Price target increased to US$22.00

Shore Bancshares (NASDAQ:SHBI) Is Due To Pay A Dividend Of US$0.12