Shore Bancshares (SHBI)

Company Profile

Shore Bancshares, Inc. is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. It is the parent company of Shore United Bank. The Bank operates 22 full-service branches in Baltimore County, Howard County, Kent County, Queen Anne's County, Talbot County, Caroline County, Dorchester County and Wicomico County in Maryland, Kent County, Delaware and Accomack County, Virginia. The Company engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.

Company profile

Ticker

SHBI

Exchange

NASDAQ

Website

www.shoreunitedbank.com

CEO

Lloyd L. Beatty

Incorporated

Maryland

Location

Maryland

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank Of America • Citigroup • U.S. Bancorp. • Capital One Financial • PNC Financial Services • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...

SEC CIK

0001035092

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

521974638

SHBI stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

425

Business combination disclosure

25 May 23

8-K

Departure of Directors or Certain Officers

15 May 23

Notice of effectiveness

9 May 23

S-4/A

Registration of securities issued in business combination transactions (amended)

4 May 23

CORRESP

Correspondence with SEC

4 May 23

8-K

Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share

3 May 23

8-K

Shore Bancshares Reports First Quarter 2023 Financial Results

Registration of securities issued in business combination transactions

14 Apr 23

Latest ownership filings

View all

Financial summary

Financial statements Chart SHBI financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	37.71 mm	37.71 mm	37.71 mm	37.71 mm	37.71 mm	37.71 mm
Cash burn (monthly)	5.93 mm	44.44 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	13.38 mm	100.26 mm	n/a	n/a	n/a	n/a
Cash remaining	24.33 mm	-62.55 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	4.1	-1.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

SHBI institutional ownership history Ownership history

59.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	85	84	+1.2%
Opened positions	6	7	-14.3%
Closed positions	5	18	-72.2%
Increased positions	31	26	+19.2%
Reduced positions	26	30	-13.3%

13F shares	Current	Prev Q	Change
Total value	173.81 bn	202.99 mm	+85525.7%
Total shares	11.90 mm	11.72 mm	+1.5%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
FJ Capital Management	1.88 mm	$32.78 bn	+0.5%
Fourthstone	1.75 mm	$30.47 bn	+6.1%
BLK Blackrock	1.16 mm	$20.21 bn	+6.2%
Vanguard	856.15 k	$14.92 bn	+0.5%
Dimensional Fund Advisors	818.94 k	$14.27 mm	+4.6%
Manufacturers Life Insurance Company, The	665.90 k	$11.61 bn	+4.7%
Alliancebernstein	436.50 k	$7.61 bn	+0.1%
Banc Funds	398.59 k	$6.95 mm	0.0%
Geode Capital Management	319.42 k	$5.57 mm	+4.6%
STT State Street	306.06 k	$5.33 bn	NEW

Largest transactions	Shares	Bought/sold	Change
STT State Street	306.06 k	+306.06 k	NEW
HoldCo Asset Management	200.87 k	-257.35 k	-56.2%
Maltese Capital Management	0.00	-130.00 k	EXIT
Fourthstone	1.75 mm	+100.78 k	+6.1%
BLK Blackrock	1.16 mm	+67.90 k	+6.2%
Corbyn Investment Management	169.87 k	+46.51 k	+37.7%
BK Bank Of New York Mellon	97.04 k	-40.14 k	-29.3%
Citadel Advisors	38.04 k	+38.04 k	NEW
Dimensional Fund Advisors	818.94 k	+35.91 k	+4.6%
Millennium Management	54.23 k	+31.55 k	+139.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SHBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 May 23	Cavey Michael T.	Common Stock	Buy	Acquire P	No	No	11.375	791	9.00 k	9,427
17 May 23	Cavey Michael T.	Common Stock	Buy	Acquire P	No	No	10.9	209	2.28 k	8,636
16 May 23	Stevens Donna J.	Common Stock	Buy	Acquire P	Yes	No	11.082	1,000	11.08 k	2,764
16 May 23	R. Michael Clemmer	Common Stock	Buy	Acquire P	No	No	10.99	1,910	20.99 k	24,263.25
15 May 23	R. Michael Clemmer	Common Stock	Buy	Acquire P	No	No	10.75	90	967.50	22,213.728
11 May 23	Wayson Konrad	Common Stock	Buy	Acquire P	No	No	10.83	3,000	32.49 k	60,889.165
5 May 23	David W. Moore	Common Stock	Buy	Acquire P	No	No	11.5086	875	10.07 k	7,747.71