Recent extremely meaningful negative changes in investment behavior have impacted Shore Bancshares Inc (NASDAQ: SHBI): its longer term price trend turned down, and its shorter term price trend turned down.
Notable negative changes in Shore Bancshares Inc (NASDAQ: SHBI) fundamentals have recently occurred. Negative developments: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly sales acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SHBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Shore Bancshares has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Shore Bancshares has a good Appreciation Score of 82 but a slightly negative Power Rating of 37, triggering the High Neutral Value Trend Rating.
Recent Price Action
Shore Bancshares Inc (NASDAQ: SHBI) stock declined slightly by -0.8% on 6/7/24. The stock closed at $10.83. However, unusually low trading volume at 53% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -3.2% during the last week.
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