Shore Bancshares (SHBI) PT Lowered to $13 at Keefe, Bruyette & Woods
Get Alerts SHBI Hot Sheet
Price: $22.81 -0.91%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 22 | New: 15
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 22 | New: 15
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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."
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