Shore Bancshares Inc (NASDAQ: SHBI) has reported earnings for its second fiscal quarter (ending June 30) of $0.34 versus $0.20 for the same period a year ago — an increase of 70%. Relative to the consensus estimate of $0.33, this was a premium of $0.01. For the latest four quarters through June 30, E.P.S. were $0.61 compared to $1.44 a year ago — a decline of -58%.
Recent Price Action
On 7/25/24, Shore Bancshares Inc (NASDAQ: SHBI) stock enjoyed a large increase of 4.9%, closing at $14.44. Moreover, unusually high trading volume at 168% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 6.3% during the last week.
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 (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 76 but a slightly negative Power Rating of 35, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment