Shore Bancshares Inc (NASDAQ:SHBI) Stock Sentiment Increases

September 14, 2018 - By Matthew Richard

Sentiment for Shore Bancshares Inc (NASDAQ:SHBI)

Shore Bancshares Inc (NASDAQ:SHBI) institutional sentiment increased to 1.2 in Q2 2018. Its up 0.29, from 0.91 in 2018Q1. The ratio increased, as 36 investment managers increased and opened new stock positions, while 30 sold and trimmed positions in Shore Bancshares Inc. The investment managers in our partner’s database now hold: 8.48 million shares, up from 8.32 million shares in 2018Q1. Also, the number of investment managers holding Shore Bancshares Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 27 Increased: 26 New Position: 10.

Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking services and products to individuals, businesses, and other organizations in Maryland and Delaware. The company has market cap of $236.35 million. The firm operates through two divisions, Community Banking, and Insurance Products and Services. It has a 16.26 P/E ratio. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs, cash management services, and various checking services.

The stock increased 0.22% or $0.04 during the last trading session, reaching $18.54. About 4,839 shares traded. Shore Bancshares, Inc. (NASDAQ:SHBI) has risen 12.92% since September 14, 2017 and is uptrending. It has underperformed by 2.70% the S&P500.

Corbyn Investment Management Inc Md holds 0.92% of its portfolio in Shore Bancshares, Inc. for 138,677 shares. Fj Capital Management Llc owns 301,400 shares or 0.64% of their US portfolio. Moreover, Fsi Group Llc has 0.63% invested in the company for 42,058 shares. The New York-based Basswood Capital Management L.L.C. has invested 0.61% in the stock. Banc Funds Co Llc, a Illinois-based fund reported 565,733 shares.

Shore Bancshares, Inc. (NASDAQ:SHBI) Ratings Coverage

Ratings analysis reveals 100% of Shore Bancshares Inc’s analysts are positive. Out of 2 Wall Street analysts rating Shore Bancshares Inc, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2200 while the high is $23. The stock’s average target of $22.50 is 21.36% above today’s ($18.54) share price. SHBI was included in 2 notes of analysts from June 26, 2018. Sandler O’Neill maintained it with “Buy” rating and $2200 target in Tuesday, June 26 report.

Shore Bancshares, Inc. (NASDAQ:SHBI) Institutional Positions Chart

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