Shore BancsharesSHBI
Market Cap: $476M
About: Shore Bancshares Inc is a financial holding company. It offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region. It operates in two business segments - community banking and mortgage banking. Community banking is conducted through the Bank and involves delivering a broad range of financial services, including lending and deposit-taking, to individuals and commercial enterprises, it also includes treasury and administrative functions. Mortgage banking is conducted through the Bank's secondary marketing department and involves originating first and second-lien residential mortgages for sale in the secondary market.
Employees: 481
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
1.64% more ownership
Funds ownership: 55.59% [Q1] → 57.23% (+1.64%) [Q2]
3% more capital invested
Capital invested by funds: $213M [Q1] → $220M (+$6.9M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
3% less funds holding
Funds holding: 115 [Q1] → 112 (-3) [Q2]
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Keefe, Bruyette & Woods Catherine Mealor 50% 1-year accuracy 7 / 14 met price target | 5%upside $15 | Market Perform Maintained | 26 Jul 2024 |