New York: Shore Bancshares Inc (NASDAQ:SHBI) Stock Has Just Had Its Buy Rating Reiterated by Sandler O’Neill. Shares now Have a $22.0000 Target

June 27, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.91 in Q1 2018. Its down 1.24, from 2.15 in 2017Q4. It is negative, as 5 investors sold Shore Bancshares, Inc. shares while 28 reduced holdings. 12 funds opened positions while 18 raised stakes. 8.32 million shares or 2.31% less from 8.52 million shares in 2017Q4 were reported.

Jpmorgan Chase & Company owns 95,174 shares. Gendell Jeffrey L reported 47,720 shares. Martingale Asset Lp, a Massachusetts-based fund reported 76,328 shares. Renaissance Technologies Ltd has 0.01% invested in Shore Bancshares, Inc. (NASDAQ:SHBI) for 342,300 shares. Bridgeway Capital Management owns 277,712 shares for 0.06% of their portfolio. Strs Ohio has 0% invested in Shore Bancshares, Inc. (NASDAQ:SHBI) for 37,000 shares. Legal And General Public Limited Com holds 2,454 shares. California State Teachers Retirement, California-based fund reported 19,054 shares. Ameritas Inv Ptnrs reported 977 shares. Hancock Holding holds 0.01% in Shore Bancshares, Inc. (NASDAQ:SHBI) or 15,555 shares. American Gp has 0% invested in Shore Bancshares, Inc. (NASDAQ:SHBI) for 7,998 shares. Royal Comml Bank Of Canada owns 0% invested in Shore Bancshares, Inc. (NASDAQ:SHBI) for 1,620 shares. 175,000 are held by Maltese Cap Mgmt Ltd Llc. Lsv Asset Mngmt stated it has 157,489 shares or 0% of all its holdings. Bailard reported 26,200 shares stake.

Shore Bancshares Inc (NASDAQ:SHBI) Rating Reaffirmed

In an analyst report sent to clients and investors this morning, Sandler O’Neill kept their Buy rating on Shore Bancshares Inc (NASDAQ:SHBI) shares. The target indicates a possible upside of 13.87 % from firm’s close price.

The stock decreased 0.36% or $0.07 during the last trading session, reaching $19.32. About 170 shares traded. Shore Bancshares, Inc. (NASDAQ:SHBI) has risen 19.74% since June 27, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Shore Bancshares, Inc. operates as a bank holding firm for the Shore United Bank that provides various commercial banking services and products to individuals, businesses, and other organizations. The company has market cap of $246.28 million. The firm operates through two divisions, Community Banking, and Insurance Products and Services. It has a 19.59 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 and cash management services.

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

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