Shore Bancshares (SHBI) PT Lowered to $13 at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods analyst Chris McGratty lowered the price target on Shore Bancshares (NASDAQ: SHBI) to $13.00 (from $14.00) while maintaining a Market Perform rating.

The analyst commented, "A beat on expenses and provision, partially offset by lower NII and fees. The Company recognized a $4.3mm expense related to credit card fraud, which we back out of operating. We are encouraged the NIM has likely bottomed, but with a smaller balance sheet, our 2025 EPS estimates move 6% lower. We move our PT to $13 (from $14) on the lower EPS and remain MP."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities
• New Street Research Upgrades Micron Technology (MU) to Buy