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How to Buy Shore Bancshares Stock

Shore Bancshares Inc

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations.

Shore Bancshares stock last closed at $11.40, up 2.7% from the previous day, and has decreased 21.33% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.35 percentage points. Shore Bancshares stock is currently +18.01% from its 52-week low of $9.66, and -21.97% from its 52-week high of $14.61.

At the moment, there are 33.21M shares of SHBI outstanding. The market cap of SHBI is $378.60M. In the past 24 hours, 109,757 SHBI shares were traded.

How to Buy Shore Bancshares Stock

Wondering how to invest in Shore Bancshares stock? Here's how.
  1. Decide where to buy Shore Bancshares stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Shore Bancshares stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Select your payment method and add your info.
  4. Research Shore Bancshares stock: The Shore Bancshares ticker symbol is SHBI. Is Shore Bancshares stock a good investment? Should you buy shares of SHBI? How do SHBI's underlying business fundamentals look? Do top analysts think Shore Bancshares is a good buy? Why has SHBI's stock price moved recently? (Hint: Our stock market research tools can help you decide if SHBI is a good stock to buy).
  5. Make your SHBI trade: Decide if you will purchase SHBI shares at the current market price or use a limit order to buy SHBI stock at a specific price.
  6. Get notifications regarding your SHBI investment: Create a watchlist to monitor your investment in Shore Bancshares shares.

Step 1: Decide where to buy Shore Bancshares stock

You will need an online brokerage account in order to access the NASDAQ market and buy SHBI stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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  • Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
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Step 2: Sign up for a brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal information so you are able to buy SHBI stock today.

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  1. Click here to get started.
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  2. Input your personal details to open a new trading account.
  1. Send your info by clicking the "Create Account" button.
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Step 3: Deposit funds into your investment account

Now that you have finished signing up on the best stock market app for beginners, you need to deposit funds:

Watch the tutorial below if you need help transferring funds into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Shore Bancshares stock

Once you have identified the best place to buy Shore Bancshares stock, it's absolutely critical to analyze their stock prior to buying, so you can comprehend the risk as well as the opportunity.

Overview of key SHBI info

SHBI Price
$11.40
1w %
1.69%
1y %
-21.33%
5y %
-24%
P/E
27.14x
P/B
0.74x
P/S
2.75x
PEG
N/A
Revenue
$137.51M
Earnings
$11.23M
Fore. Rev. Growth
51.56%
Fore. Earn. Growth
N/A
Market Cap
$378.60M
Next Earnings
Apr 25, 2024
Next Dividend
N/A

Shore Bancshares Due Diligence Checks

WallStreetZen was designed to help average investors do better fundamental analysis in less time.

You can see all of the due diligence checks on SHBI's stock page.

Is SHBI stock undervalued or overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SHBI's intrinsic value.

Using relative valuations measures:

  • SHBI may be undervalued based on its P/E ratio of 27.14x, relative to Banks - Regional industry P/E ratio of -10.57x
  • SHBI could be undervalued based on its P/B ratio of 0.74x, relative to Banks - Regional industry P/B ratio of 1.02x

You can do more valuation analysis on SHBI's stock here.

A quick look at SHBI Financials

Signs that SHBI is financially healthy:

  • SHBI's operating cash flow of $22.71M allows it to safely service it's debt of $85.15M.
  • SHBI earnings of $14.18M is not sufficient to cover its interest payments.

Signs that SHBI is not financially healthy:

  • Total SHBI debt is higher than 5 years ago, relative to shareholder equity.
  • SHBI profit margin has gone down from 25.5% to 8.2% in the past year.
  • SHBI has a relatively high debt to equity ratio of 10.76.

You can dig deeper into what analysts are projecting on the Shore Bancshares stock forecast page.

SHBI Trading Indicators

SMA10
11.05
SMA20
11.17
SMA50
11.73
SMA100
12.26
SMA200
11.75
MACD
-0.13
MACD Signal
-0.2
MACD Histogram
0.07
RSI
52.19
Stochastic %K
58.45
Stochastic %D
55.1
StochRSI %K
82.14
StochRSI %D
79.94

SHBI Performance Numbers

Last year, SHBI earnings were $11.23M. Over the past 5 year, SHBI's earnings have gone up by -26.52% per year. This was slower than the Banks - Regional industry average of 15.73%.

Last year, SHBI revenue was $137.51M. Over the past five year, SHBI's revenue has increased by 18.86% per year. This was faster than the Banks - Regional industry average of 7.21%.

Learn more about SHBI's earnings and revenue performance here.

Who is buying/selling SHBI?

In the past 12 months, executives and large shareholders at SHBI have bought more shares than they have sold.

John Lamon, Director of SHBI, was the latest SHBI insider to buy. They bought $6,514.64 worth of SHBI stock on Mar 4, 2024.

Get more info about who owns SHBI stock here.

Can I get consistent income from SHBI stock?

Shore Bancshares pays a dividend of 4.21%, compared to the Banks - Regional industry's average dividend yield of 3.66%. If you owned $1,000 worth of SHBI stock, you would have received $42.11 last year.

Shore Bancshares dividend payments have consistently grown over the past decade and have remained stable.

Dig into more info about Shore Bancshares dividend yield and history here.

What others are saying about SHBI

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Make your SHBI trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price, place a limit order.

Hit the Open Trade button and eToro will execute the order.

If you want additional assistance buying stocks on eToro, watch the how to video below:

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Step 6: Get notifications regarding your SHBI investment

Now that you own some SHBI stock, you'll want to keep up with your new investment.

Make a watchlist to track the latest developments regarding your SHBI stock.

SHBI Feed

How to Buy Stock in Shore Bancshares

To reiterate, here are the 6 steps you need to take to buy Shore Bancshares stock right now:

  1. Decide where to buy Shore Bancshares stock
  2. Sign up for a brokerage account
  3. Deposit funds into your investment account
  4. Research Shore Bancshares stock
  5. Make your SHBI trade
  6. Get notifications regarding your SHBI investment

If you need a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Shore Bancshares, click below.

NASDAQ: SHBI
$11.40+0.30 (+2.7%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: SHBI
$11.40+0.30 (+2.7%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Shore Bancshares share?

As of Mar 27, 2024, it costs $11.40 to buy one share of Shore Bancshares stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.439 shares of SHBI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Shore Bancshares stock?

One way to place an order for Shore Bancshares stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.