Shore Bancshares

Shore Bancshares, Inc. is a financial holding company, which engages in the provision of commercial banking products and services to individuals and businesses. Its services include checking accounts, various savings programs, mortgage loans, home improvement loans, installment and other personal loans, credit cards, personal lines of credit, automobile and other consumer financing, safe deposit boxes, debit cards, 24-hour telephone banking, internet banking, mobile banking, and 24-hour automatic teller machine services. It also offers commercial checking, savings, certificates of deposit, and overnight investment sweep accounts. The company was founded on March 15, 1996 and is headquartered in Easton, MD.

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The heavy selling pressure might have exhausted for Shore Bancshares (SHBI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -12.41% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)

Community Financial

NEW YORK , Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Community Financial Corporation ("TCFC" or the "Company") (NASDAQ: TCFC) in connection with the proposed merger of the Company with Shore Bancshares, Inc. ("Shore") (NASDAQ: SHBI).  Under the merger agreement, the Company's shareholders will receive 2.3287 shares of Shore common stock for each TCFC share, representing implied per-share consideration of $40.17 based upon Shore's December 15, 2022 closing price of $17.25.

SHAREHOLDER ALERT: Weiss Law Investigates The Community Financial Corporation

NEW YORK , Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shore Bancshares, Inc. ("Shore" or the "Company") (NASDAQ: SHBI), in connection with the proposed merger of the Company with The Community Financial Corporation ("TCFC") (NASDAQ: TCFC).  The transaction is valued at approximately $254.4 million.

SHAREHOLDER ALERT: Weiss Law Investigates Shore Bancshares, Inc.

After Plunging 12.8% in 4 Weeks, Here's Why the Trend Might Reverse for Shore Bancshares (SHBI)

Shore Bancshares (SHBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Shore Bancshares (SHBI) Upgraded to Strong Buy: Here's Why

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WTKWY, SHBI and CFBK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 15, 2022.

Best Momentum Stock to Buy for December 15th

NEW YORK--( BUSINESS WIRE )--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and The Community Financial Corporation is fair to Shore shareholders. Under the terms of the merger, holders of Community Financial common stock will have the right to receive 2.3287 shares of Shore common stock. Existing Shore shareholders will own approximately 60% of the outstanding shares of the combined company.

SHBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders

Highlights of the Announced Transaction: Creates a bank holding company with approximately $6 billion in assets and a market capitalization of approximately $650 million The combined company will have more than 40 branches, with leading and commanding market share positions in attractive Maryland markets and a growing presence in Virginia and Delaware Significant EPS accretion for Shore Attractive, low-cost core funding base Like-minded institutions with strong cultural alignment and a deep commitment to shareholders, customers, employees, and the communities served by Shore and TCFC Meaningful value creation to shareholders and strong pro forma profitability Increased trading liquidity for both companies and increased dividends for TCFC shareholders EASTON, Md. and WALDORF, Md.

Shore Bancshares, Inc. and The Community Financial Corporation Announce Merger of Equals; Creates One of Maryland's Top Community Banks with Approximately $6 Billion in Assets

Barclays

SHBI and BCS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 12, 2022.

Best Momentum Stocks to Buy for December 12th

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Invest in breakout stocks like Pearson (PSO), A10 Networks (ATEN), Carlyle Secured Lending (CGBD) & Shore Bancshares (SHBI) for solid returns.

4 Top Breakout Stocks to Buy for Attractive Returns

EASTON, Md. , Oct. 27, 2022 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022, compared to net income of $7.499 million or $0.38 per diluted common share for the second quarter of 2022, and net income of $4.616 million or $0.39 per diluted common share for the third quarter of 2021.

Shore Bancshares Reports Third Quarter and Nine-Month Financial Results

EASTON, Md. , Aug. 2, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Esther A.

Shore Bancshares, Inc. Announces New Board Member

EASTON, Md. , July 6, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Board to authorize management to repurchase its common stock.

Shore Bancshares Announces New Stock Repurchase Program

EASTON, Md. , April 28, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $5.613 million or $0.28 per diluted common share for the first quarter of 2022, compared to net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021, and net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021.

Shore Bancshares Reports First Quarter 2022 Financial Results

EASTON, Md., Feb. 14, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021, compared to net income of $4.617 million or $0.39 per diluted common share for the third quarter of 2021, and net income of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020.

Shore Bancshares Reports 2021 Financial Results and Quarterly Dividend of $0.12 Per share

Severn Bancorp

EASTON, Md., Nov. 1, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore"), the holding company of Shore United Bank, National Association (the "Shore United"), announced today that it has completed the acquisition, effective as of October 31, 2021, of Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn"), the savings and loan holding company of Severn Savings Bank, FSB, a federally chartered savings bank headquartered in Annapolis, Maryland.

Shore Bancshares, Inc. Announces Completion of Acquisition of Severn Bancorp, Inc.

Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Receipt of Shareholder Approval for Merger

EASTON, Md., Sept. 27, 2021 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company" or "Shore") (NASDAQ:SHBI), the holding company of Shore United Bank, announced today that it has received regulatory approval from the Office of the Comptroller of the Currency to convert Shore United Bank to a national bank and, for Severn Savings Bank, FSB to be merged with and into Shore United Bank, National Association on the terms and subject to the conditions of the Agreement and Plan of Merger, dated as of March 3, 2021, by and between the Company and Severn Bancorp, Inc. ("Severn").

Shore Bancshares, Inc. Announces Receipt Of Regulatory Approvals For Acquisition Of Severn Bancorp, Inc.

EASTON, Md., Aug. 12, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) announced today that David J.

Shore Bancshares Announces Resignation of Board of Director David J. Bates

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 13.33% and 2.61%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Shore Bancshares (SHBI) Q2 Earnings and Revenues Surpass Estimates

Shore Bancshares (SHBI) delivered earnings and revenue surprises of 6.25% and -4.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Shore Bancshares (SHBI) Q1 Earnings Beat Estimates

EASTON, Md., April 29, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021, compared to net income of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020, and net income of $3.118 million or $0.25 per diluted common share for the first quarter of 2020.

Shore Bancshares Reports First Quarter 2021 Financial Results

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and Severn Bancorp, Inc. is fair to Shore Bancshares shareholders. Severn shareholders are expected to receive cash and stock in connection with the merger. Halper Sadeh encourages Shore Bancshares shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sad

Shore Bancshares Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – SHBI

Shore Bancshares (SHBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shore Bancshares (SHBI) Earnings Expected to Grow: Should You Buy?

EASTON, Md. , April 13, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, will open a new office on 34st South Ocean City, Maryland.

Shore United Bank Announces New Branch in South Ocean City, Maryland

News for Shore Bancshares Stock (SHBI)