SHORE BANCSHARES INC (SHBI) Fundamental Analysis & Valuation

NASDAQ:SHBI • US8251071051

17.99 USD
-0.08 (-0.44%)
At close: Mar 6, 2026
17.99 USD
0 (0%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This SHBI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SHBI. SHBI was compared to 379 industry peers in the Banks industry. Both the profitability and financial health of SHBI have multiple concerns. SHBI is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

3

1. SHBI Profitability Analysis

1.1 Basic Checks

  • In the past year SHBI was profitable.
  • SHBI had a positive operating cash flow in the past year.
  • In the past 5 years SHBI has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: SHBI reported negative operating cash flow in multiple years.
SHBI Yearly Net Income VS EBIT VS OCF VS FCFSHBI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.91%, SHBI is in line with its industry, outperforming 49.08% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 9.86%, SHBI is in the better half of the industry, outperforming 60.95% of the companies in the same industry.
Industry RankSector Rank
ROA 0.91%
ROE 9.86%
ROIC N/A
ROA(3y)0.61%
ROA(5y)0.64%
ROE(3y)6.8%
ROE(5y)6.67%
ROIC(3y)N/A
ROIC(5y)N/A
SHBI Yearly ROA, ROE, ROICSHBI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • SHBI has a Profit Margin of 26.00%. This is comparable to the rest of the industry: SHBI outperforms 59.89% of its industry peers.
  • In the last couple of years the Profit Margin of SHBI has remained more or less at the same level.
  • The Operating Margin and Gross Margin are not available for SHBI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 26%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.77%
PM growth 5Y1.29%
GM growth 3YN/A
GM growth 5YN/A
SHBI Yearly Profit, Operating, Gross MarginsSHBI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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3

2. SHBI Health Analysis

2.1 Basic Checks

  • SHBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • SHBI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SHBI has more shares outstanding
  • Compared to 1 year ago, SHBI has a worse debt to assets ratio.
SHBI Yearly Shares OutstandingSHBI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
SHBI Yearly Total Debt VS Total AssetsSHBI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • SHBI has a debt to FCF ratio of 0.90. This is a very positive value and a sign of high solvency as it would only need 0.90 years to pay back of all of its debts.
  • The Debt to FCF ratio of SHBI (0.90) is better than 69.13% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that SHBI is not too dependend on debt financing.
  • SHBI's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. SHBI outperforms 60.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.9
Altman-Z N/A
ROIC/WACCN/A
WACC21.16%
SHBI Yearly LT Debt VS Equity VS FCFSHBI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SHBI Yearly Current Assets VS Current LiabilitesSHBI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. SHBI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 33.83% over the past year.
  • The Earnings Per Share has been growing slightly by 7.33% on average over the past years.
  • The Revenue has grown by 11.59% in the past year. This is quite good.
  • The Revenue has been growing by 28.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)33.83%
EPS 3Y2.77%
EPS 5Y7.33%
EPS Q2Q%20%
Revenue 1Y (TTM)11.59%
Revenue growth 3Y21.85%
Revenue growth 5Y28.88%
Sales Q2Q%14.61%

3.2 Future

  • SHBI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.94% yearly.
  • Based on estimates for the next years, SHBI will show a quite strong growth in Revenue. The Revenue will grow by 13.48% on average per year.
EPS Next Y11.61%
EPS Next 2Y11.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.69%
Revenue Next 2Y13.48%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SHBI Yearly Revenue VS EstimatesSHBI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
SHBI Yearly EPS VS EstimatesSHBI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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6

4. SHBI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.11, the valuation of SHBI can be described as very reasonable.
  • Based on the Price/Earnings ratio, SHBI is valued a bit cheaper than 77.04% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SHBI to the average of the S&P500 Index (26.29), we can say SHBI is valued rather cheaply.
  • The Price/Forward Earnings ratio is 9.06, which indicates a very decent valuation of SHBI.
  • 74.67% of the companies in the same industry are more expensive than SHBI, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of SHBI to the average of the S&P500 Index (24.57), we can say SHBI is valued rather cheaply.
Industry RankSector Rank
PE 10.11
Fwd PE 9.06
SHBI Price Earnings VS Forward Price EarningsSHBI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, SHBI is valued cheaply inside the industry as 84.70% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.28
EV/EBITDA N/A
SHBI Per share dataSHBI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • SHBI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.87
PEG (5Y)1.38
EPS Next 2Y11.94%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SHBI Dividend Analysis

5.1 Amount

  • SHBI has a Yearly Dividend Yield of 2.66%.
  • Compared to an average industry Dividend Yield of 2.73, SHBI has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, SHBI pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.66%

5.2 History

  • The dividend of SHBI has a limited annual growth rate of 2.55%.
  • SHBI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SHBI has decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.55%
Div Incr Years0
Div Non Decr Years2
SHBI Yearly Dividends per shareSHBI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • SHBI pays out 28.28% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of SHBI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.28%
EPS Next 2Y11.94%
EPS Next 3YN/A
SHBI Yearly Income VS Free CF VS DividendSHBI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M
SHBI Dividend Payout.SHBI Dividend Payout, showing the Payout Ratio.SHBI Dividend Payout.PayoutRetained Earnings

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SHBI Fundamentals: All Metrics, Ratios and Statistics

SHORE BANCSHARES INC

NASDAQ:SHBI (3/6/2026, 8:00:02 PM)

After market: 17.99 0 (0%)

17.99

-0.08 (-0.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28
Earnings (Next)04-27
Inst Owners67.38%
Inst Owner Change2.6%
Ins Owners8.43%
Ins Owner Change-0.21%
Market Cap601.05M
Revenue(TTM)225.07M
Net Income(TTM)56.90M
Analysts80
Price Target20.78 (15.51%)
Short Float %1.72%
Short Ratio2.4
Dividend
Industry RankSector Rank
Dividend Yield 2.66%
Yearly Dividend0.48
Dividend Growth(5Y)2.55%
DP28.28%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-04
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.49%
Min EPS beat(2)-7.01%
Max EPS beat(2)10%
EPS beat(4)3
Avg EPS beat(4)6.8%
Min EPS beat(4)-7.01%
Max EPS beat(4)13.76%
EPS beat(8)4
Avg EPS beat(8)-1.45%
EPS beat(12)4
Avg EPS beat(12)-20%
EPS beat(16)6
Avg EPS beat(16)-13.17%
Revenue beat(2)0
Avg Revenue beat(2)-1.49%
Min Revenue beat(2)-2.09%
Max Revenue beat(2)-0.9%
Revenue beat(4)0
Avg Revenue beat(4)-1.23%
Min Revenue beat(4)-2.09%
Max Revenue beat(4)-0.9%
Revenue beat(8)0
Avg Revenue beat(8)-2.37%
Revenue beat(12)2
Avg Revenue beat(12)-1.57%
Revenue beat(16)6
Avg Revenue beat(16)4.86%
PT rev (1m)7.24%
PT rev (3m)12.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.23%
EPS NY rev (1m)1.27%
EPS NY rev (3m)1.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.91%
Revenue NY rev (1m)11.79%
Revenue NY rev (3m)-4.14%
Valuation
Industry RankSector Rank
PE 10.11
Fwd PE 9.06
P/S 2.75
P/FCF 7.28
P/OCF 6.96
P/B 1.04
P/tB 1.26
EV/EBITDA N/A
EPS(TTM)1.78
EY9.89%
EPS(NY)1.99
Fwd EY11.04%
FCF(TTM)2.47
FCFY13.74%
OCF(TTM)2.58
OCFY14.36%
SpS6.55
BVpS17.28
TBVpS14.27
PEG (NY)0.87
PEG (5Y)1.38
Graham Number26.3
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 9.86%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26%
GM N/A
FCFM 37.74%
ROA(3y)0.61%
ROA(5y)0.64%
ROE(3y)6.8%
ROE(5y)6.67%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.77%
PM growth 5Y1.29%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.9
Debt/EBITDA N/A
Cap/Depr 23.8%
Cap/Sales 1.71%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 145.14%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC21.16%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.83%
EPS 3Y2.77%
EPS 5Y7.33%
EPS Q2Q%20%
EPS Next Y11.61%
EPS Next 2Y11.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.59%
Revenue growth 3Y21.85%
Revenue growth 5Y28.88%
Sales Q2Q%14.61%
Revenue Next Year20.69%
Revenue Next 2Y13.48%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y86.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y70.83%
OCF growth 3YN/A
OCF growth 5YN/A

SHORE BANCSHARES INC / SHBI FAQ

What is the fundamental rating for SHBI stock?

ChartMill assigns a fundamental rating of 5 / 10 to SHBI.


Can you provide the valuation status for SHORE BANCSHARES INC?

ChartMill assigns a valuation rating of 6 / 10 to SHORE BANCSHARES INC (SHBI). This can be considered as Fairly Valued.


What is the profitability of SHBI stock?

SHORE BANCSHARES INC (SHBI) has a profitability rating of 3 / 10.


What is the financial health of SHORE BANCSHARES INC (SHBI) stock?

The financial health rating of SHORE BANCSHARES INC (SHBI) is 3 / 10.


How sustainable is the dividend of SHORE BANCSHARES INC (SHBI) stock?

The dividend rating of SHORE BANCSHARES INC (SHBI) is 5 / 10 and the dividend payout ratio is 28.28%.