SHBI Stock Recent News
SHBI LATEST HEADLINES
Shore Bancshares (SHBI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
While the top- and bottom-line numbers for Shore Bancshares (SHBI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shore Bancshares (SHBI) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.39 per share a year ago.
Shore Bancshares (SHBI) completes the merger with Community Financial. The merger is expected to result in more than 40% accretion to its earnings per share in 2024.
Shore Bancshares (SHBI) receives shareholder approval for its previously announced merger deal with Community Financial.
Shore (SHBI) and Community Financial (TCFC) receive regulatory approvals for their previously announced all-stock merger deal.
Shore Bancshares (SHBI) delivered earnings and revenue surprises of -6.12% and 1.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The heavy selling pressure might have exhausted for Shore Bancshares (SHBI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
The heavy selling pressure might have exhausted for Shore Bancshares (SHBI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Shore Bancshares (SHBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.