NasdaqGS:SHBI

Stock Analysis Report

Executive Summary

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Risks

  • Shore Bancshares is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Shore Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.9%

NasdaqGS:SHBI

-1.9%

US Banks

-1.9%

US Market


1 Year Return

-20.8%

NasdaqGS:SHBI

-16.1%

US Banks

-3.3%

US Market

SHBI underperformed the Banks industry which returned -16.1% over the past year.

SHBI underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

SHBIIndustryMarket
7 Day-2.9%-1.9%-1.9%
30 Day-8.0%-11.1%-6.2%
90 Day-6.2%-4.9%0.3%
1 Year-18.8%-20.8%-13.7%-16.1%-1.1%-3.3%
3 Year34.2%27.1%37.8%28.4%37.9%28.9%
5 Year77.7%66.3%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Shore Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shore Bancshares undervalued based on future cash flows and its price relative to the stock market?

11.8x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Shore Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Shore Bancshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Shore Bancshares is good value based on earnings compared to the US Banks industry average.

Shore Bancshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Shore Bancshares is poor value based on expected growth next year.


Price Based on Value of Assets

Shore Bancshares is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Shore Bancshares expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Shore Bancshares's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Shore Bancshares's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).

Shore Bancshares's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Shore Bancshares's earnings growth is positive but not above the United States of America market average.

Shore Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Shore Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Shore Bancshares performed over the past 5 years?

30.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Shore Bancshares has delivered over 20% year on year earnings growth in the past 5 years.

Shore Bancshares's 1-year earnings growth exceeds its 5-year average (37.8% vs 30.1%)

Shore Bancshares's earnings growth has exceeded the US Banks industry average in the past year (37.8% vs 33.1%).


Return on Equity

Shore Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shore Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Shore Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Shore Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Shore Bancshares has an acceptable proportion of non-loan assets held.

Shore Bancshares has a low allowance for bad loans.

Shore Bancshares's liabilities are made up of primarily low risk sources of funding.

Shore Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Shore Bancshares are broadly funded by customer deposits.

Shore Bancshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Shore Bancshares's current dividend yield, its reliability and sustainability?

2.81%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Shore Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Shore Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Shore Bancshares's salary, the management and board of directors tenure and is there insider trading?

5.1yrs

Average management tenure


CEO

Scott Beatty (66yo)

6.2yrs

Tenure

US$614,690

Compensation

Mr. Lloyd L. Beatty Jr., also known as Scott, has served as the Shore Bancshares Inc. and Shore United Bank's President and Chief Executive Officer ("CEO") since June 2013 and as a director of the Shore Ba ...


CEO Compensation Analysis

Scott's remuneration is lower than average for companies of similar size in United States of America.

Scott's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.1yrs

Average Tenure

61.5yo

Average Age

The average tenure for the Shore Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.3yrs

Average Tenure

64yo

Average Age

The tenure for the Shore Bancshares board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Scott Beatty (66yo)

    President

    • Tenure: 6.2yrs
    • Compensation: US$614.69k
  • W. Morse (57yo)

    Secretary & General Counsel

    • Tenure: 11.6yrs
  • Ed Allen (71yo)

    Senior VP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$316.34k
  • Donna Stevens (56yo)

    Senior VP & COO

    • Tenure: 4.1yrs
    • Compensation: US$317.21k
  • Debra Rich

    VP and Chief Marketing & Project Officer

    • Tenure: 0.0yrs
  • Timothy Berrigan

    VP & Chief Information Officer

    • Tenure: 0.0yrs

Board Members

  • Blenda Armistead (67yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$42.00k
  • Scott Beatty (66yo)

    President

    • Tenure: 6.2yrs
    • Compensation: US$614.69k
  • Frank Mason (56yo)

    Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: US$52.00k
  • James Judge (60yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$42.00k
  • John Wilson (73yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$42.00k
  • David Bates (72yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$42.00k
  • David Moore (54yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$42.00k
  • Clyde Kelly (65yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$42.00k
  • Jeffrey Thompson (63yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$42.00k
  • R. Clemmer (51yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$42.00k

Company Information

Shore Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Shore Bancshares, Inc.
  • 28969 Information Lane
  • Easton
  • Maryland
  • 21601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHBINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1975

Biography

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. It of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:48
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.