The latest price target for Shore Bancshares (NASDAQ:SHBI) was reported by Keefe, Bruyette & Woods on December 4, 2024. The analyst firm set a price target for $20.00 expecting SHBI to rise to within 12 months (a possible 24.92% upside). 4 analyst firms have reported ratings in the last year.

The latest analyst rating for Shore Bancshares (NASDAQ:SHBI) was provided by Keefe, Bruyette & Woods, and Shore Bancshares upgraded their outperform rating.

The last upgrade for Shore Bancshares Inc happened on December 4, 2024 when Keefe, Bruyette & Woods raised their price target to $20. Keefe, Bruyette & Woods previously had a market perform for Shore Bancshares Inc.

The last downgrade for Shore Bancshares Inc happened on July 30, 2024 when Janney Montgomery Scott changed their price target from N/A to N/A for Shore Bancshares Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Shore Bancshares, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Shore Bancshares was filed on December 4, 2024 so you should expect the next rating to be made available sometime around December 4, 2025.

While ratings are subjective and will change, the latest Shore Bancshares (SHBI) rating was a upgraded with a price target of $16.00 to $20.00. The current price Shore Bancshares (SHBI) is trading at is $16.01, which is within the analyst’s predicted range.