For its third fiscal quarter (ending September 30), Shore Bancshares Inc (NASDAQ: SHBI) has reported a -217% decline in E.P.S. from $-0.29 a year ago to $0.34 in the current quarter. E.P.S. were $1.24 for the latest four quarters through September 30 versus $0.45 for the same period a year ago — an increase of 176%.
Recent Price Action
Shore Bancshares Inc (NASDAQ: SHBI) stock was unchanged 0.0% on 10/24/24. The shares closed at $14.44. Moreover, trading volume in this flat performance was unusually high at 173% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.6% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Shore Bancshares has a good Appreciation Score of 74 and a very high Power Rating of 89, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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