SHORE BANCSHARES INC · Banks

SHBI

Low riskNext report: Around Jan 27, 2027 (est.)

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The short version

A profitable company with steady sales. Institutions are adding.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Little debt

Watch out for

Share count growing 18.9% a year (dilution)

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.4% to their holdings in the quarter ending June 2026 (98 bought, 57 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$22.77-0.7% that day

Company value: $760M; Share price times all shares
Price vs profit (P/E): 11.6x; You pay about $12 for each $1 of yearly profit
Price vs sales: 34.7x; Company value is 34.7 times a year of sales
Dividend yield: 2.1%; Yearly dividend as a share of today's price
Cash vs value: 34%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 12%; Debt as a share of company value

From SHBI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$6.0M+3.5% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $21.9M, up 1.8% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of SHBI. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+2% a yearRecently: +1.8% a yearProfit margin10%Not reportedP/E at the end12xToday: 11.6x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$24M

Profit in 5 years$2M

Price these guesses point to$0.54-98% vs $22.77 todayAbout -53% a year, before dividends

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/5Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.10.5%
PassDebt under half of equityNot relying on borrowed money.0.15x equity
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$59.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+68.3% in 3 years

Revenue: $20.9M
Total debt: $89.1M; 0.15x equity
Free cash flow: $59.2M

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: net margin 10%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 22After close4:01 pm ET

From the press release

The increase in the provision for credit losses for the third quarter of 2026 compared to the second quarter of 2026 was due to higher multifamily loan-related charge-offs and specific reserves partially offset by favorable credit outlook.
The decrease was primarily due to a $1.4 million decrease in other noninterest income and a $737 thousand decrease in mortgage banking revenue , partially offset by a $692 thousand increase in trust and investment fee inc ome and a $398 thousand increase in interchange credits.

The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗