SHBI Shore Bancshares Inc

XNAS 22.90 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SHBI $22.90 —
Key stats
$22.90
52-Week Range
$14.93 – $24.89
YTD
+31.52%
IV Rank (30D)
23.73
Straddle Price
$4.15
P/C Vol Ratio
0.00
Market Cap
$0.8B
Open
$21.61
Day Range
$21.61 – $23.14
Volume
184,052
Prev Close
$23.38
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.12%
Beta vs SPY0.76
Cost of Equity (CAPM)8.93% (VRP-adj)
WACC8.57%
Volatility Risk Premium+41.8pp (IV − HV30)
Effective Tax Rate24.4%
Rev. Growth (YoY, DCF input)-0.4%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$0.1B
Return on Equity (TTM)10.7%
Book / Price77.1% — banking bias active (P/B is primary)
Bank Quality Adj×0.99 (target ROE vs peer median)
Gross Margin (TTM)67.1%
FCF Margin (TTM)25.5%
Debt / Equity0.15
Quality Score3/6 — normal (10y DCF)
Market-Implied Growth-7.2% (reverse-DCF on current price)
SMA 50$23.02 (Market Anchor value)
SMA 20 / Bollinger Mid$22.66
Bollinger Width / SMA2021.2% (drives anchor stability)
Net Debt$0.0B
Market Cap$1B
Peers used for multiples: CCBG, CTO, FISI, IBCP, ORRF, PGC, WASH (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
38%
20-Day Fair Value
≈ by Nov 23, 2026
$22.74
α -0.8% rank 24%
conviction
50%
40-Day Fair Value
≈ by Dec 22, 2026
$23.02
α +0.4% rank 38%
conviction
11%
60-Day Fair Value
≈ by Jan 20, 2027
$23.15
α +1.0% rank 27%
conviction
38%
MethodImplied PriceWeightDetail
DCF $36.14 24%
DDM (Gordon) $5.58 19%
Peer P/E $24.57 7% median 13.2× · 7 peers
Peer EV/EBITDA n/a 0% median 10.6× · 7 peers
Peer P/B $23.99 11% median 1.3× · 7 peers
Peer P/S $24.08 4% median 2.4× · 7 peers
Market Anchor (SMA50) $23.02 35% stability 72% (BB-width)
Options Expected (B-L 30d) $19.13 0% 6 strikes · skew -0.11
As of 2026-10-23 · updated
About
Industry (SIC)
NATIONAL COMMERCIAL BANKS (6021) · industry map
Exchange
XNAS
Market Cap
$0.8B
Employees
608
List Date
1997-01-01
CIK
0001035092
Headquarters
Easton, MD
Homepage
https://www.shorebancshares.com

Shore Bancshares Inc is a financial holding company based in the United States. Through its subsidiaries, it provides consumer and commercial banking products and services, as well as secondary mortgage lending, trust, wealth management, and financial planning services. The group caters to both business and individual clients, offering checking, savings, certificates of deposit, and overnight investment sweep accounts; commercial lending services, including secured and unsecured loans, working capital loans, lines of credit, etc; and safe deposit boxes, debit cards, telephone banking, and othe…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
Month'21'22'23'24'25'26Avg
Jan-6.43%-5.41%0.46%-8.23%4.67%8.96%-1.00%
Feb14.69%4.77%-2.46%-6.43%-4.27%-4.33%0.33%
Mar10.30%-0.05%-16.49%2.68%-9.79%-0.59%-2.32%
Apr-2.60%-1.56%-6.81%-6.67%1.77%2.71%-2.19%
May1.66%0.55%-12.78%7.20%4.17%5.95%1.13%
Jun-3.57%-8.91%2.62%3.81%8.86%12.56%2.56%
Jul2.85%5.43%0.85%27.70%-4.55%4.63%6.15%
Aug2.91%-3.88%-6.10%2.82%12.80%-6.48%0.35%
Sep0.23%-8.31%-8.44%-0.43%-3.58%-1.58%-3.69%
Oct4.76%14.60%-0.19%7.07%-4.82%0.97%*3.73%
Nov3.65%-0.30%14.59%13.84%11.34%--8.62%
Dec6.81%-12.46%12.83%-4.69%0.63%--0.62%
Total39.06%-17.00%-23.63%39.08%15.49%23.43%12.74%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $22.65
SMA 50: $23.00
SMA 200: $21.02
Current: $22.90
EMA 12: $22.78
EMA 26: $22.81
MACD: -0.0289 | Signal: 0.0907
BEARISH
ADX (14): 29.44
TREND
+DI: 20.35
−DI: 31.90

Momentum Oscillators

RSI (14): 51.50
NEUTRAL
Stoch %K: 76.60
Stoch %D: 72.35
Williams %R: -31.20

Volume & Volatility

BB Upper: $23.18
BB Lower: $22.12
NEUTRAL
OBV: 8,488,598
Vol SMA 20: 220,571
Vol ROC: -15.72%
ATR: $0.55
True Range: $1.77
HV 20: 19.2%
HV 30: 16.9%
HV 60: 16.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall assessment: NEUTRAL (6/10) - Key drivers include neutral sentiment in recent news headlines, moderate volatility, and a trending technical setup. Primary risks are the potential for overbought conditions to lead to a pullback.

Key drivers:

  • Neutral news sentiment
  • Moderate volatility
  • Trending technical setup

Primary risks:

  • Overbought conditions leading to a pullback

Investment thesis: SHBI is positioned in a neutral zone, with recent news headlines and earnings estimates contributing to the current market price. The stock's beta and alpha are relatively high, indicating above-average volatility. The Bollinger Bands are overbought, suggesting potential for a retracement.

Recent news sentiment impact: The recent news headlines have been largely neutral, without any major catalysts that could significantly move the stock price. This has contributed to the current market price.

Technical Analysis

Trend direction:

  • Short-term (1-4 weeks): Bullish
  • Medium-term (1-3 months): Neutral
  • Long-term (3-12 months): Bullish

Support/Resistance levels:

  • SMA 20: $19.48 (support)
  • SMA 50: $19.06 (support)
  • Upper Bollinger Band: $20.07 (resistance)

Momentum signals:

  • RSI (14) interpretation: Neutral, overbought conditions
  • MACD signal: Bullish momentum

Volume analysis:

  • Volume trend: Consolidation
  • Institutional interest: Moderate volume and open interest in options

News & Sentiment Analysis

Recent headlines summary:

  • Neutral news sentiment, with no major catalysts or surprises.

Sentiment assessment: Neutral (4.5/10)

Catalyst identification: None

Market narrative: The market has been moving sideways, reflecting the neutral sentiment in recent news headlines and earnings estimates.

Risk & Volatility Assessment

Beta interpretation: Moderate risk (beta 1.01 vs SPY)

Volatility regime: Above-average volatility

Options market signals:

  • IV rank: Medium
  • Put/call ratio: Bullish sentiment
  • Unusual activity: None

Downside protection: Support levels at SMA 20 and SMA 50

Market Context & Positioning

Sector performance: Relative strength vs sector/market

Institutional activity: Moderate volume and open interest in options

Correlation analysis: SHBI moves with the market amplification

Relative valuation: Position within trading range

Key Levels & Action Items

Critical price levels:

  • SMA 20: $19.48 (support)
  • Upper Bollinger Band: $20.07 (resistance)

Breakout/breakdown levels:

  • Lower Bollinger Band: $18.90 (breakdown risk)

Time-sensitive catalysts: None

Risk management: Stop-loss levels at SMA 20 and SMA 50, with position sizing considerations.

Conclusion

SHBI is positioned in a neutral zone, with recent news headlines and earnings estimates contributing to the current market price. The stock's beta and alpha are relatively high, indicating above-average volatility. While the technical setup suggests potential for further upside, the Bollinger Bands are overbought, suggesting potential for a retracement. Risk management considerations include stop-loss levels at SMA 20 and SMA 50, with position sizing considerations.

Generated
Earnings History
13 of 13 under expected move
Avg Expected Move
16.27%
Avg Actual Move
2.83%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2023-07-27 After-Close 15.34% 7.98% 0.52x Within
2023-11-01 After-Close 9.40% 4.22% 0.45x Within
2024-01-31 After-Close 10.12% 6.18% 0.61x Within
2024-05-02 After-Close 12.24% 4.77% 0.39x Within
2024-07-25 Pre-Market 12.53% 4.87% 0.39x Within
2024-10-24 After-Close 14.89% 0.69% 0.05x Within
2025-01-30 Pre-Market 16.70% 0.45% 0.03x Within
2025-04-29 After-Close 15.98% 1.78% 0.11x Within
2025-07-24 After-Close 18.07% 1.37% 0.08x Within
2025-10-23 After-Close 24.73% 0.13% 0.01x Within
2026-01-28 After-Close 20.69% 0.44% 0.02x Within
2026-04-23 After-Close 19.48% 0.78% 0.04x Within
2026-07-23 After-Close 21.40% 3.10% 0.14x Within

Earnings calendar: this week’s reports with expected vs actual moves →

SHBI Options Activity & IV Rank

SHBI IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 35.3%
7-DTE IV: —
Expected Move: $4.15
7-DTE Move: $4.15
Days to Exp: 28 (2026-11-20)

Options Flow

Call Volume: 87
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 97
Put OI: 0
P/C OI: —
Total OI: 97

ATM Options Pricing

ATM Call: $2.25
ATM Put: $1.90
Call %: 9.8%
Put %: 8.3%

Chain Summary

Chain Volume: 183
Chain OI: 343
Last Updated: 10/23/2026
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 97th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
97%
vs own history
GEX tilt
+0.70
OI-weighted, today
Vanna tilt
-0.99
δ-sensitivity to IV
Charm tilt
+0.97
δ-decay vs time
Vanna tilt -0.99: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.97: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 5 ATM contracts, 0k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d —
— pts EXTREME
ATM 53.6% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)23.7LowOct 23
Straddle Price (30 DTE)$4.15Oct 23
Beta Analysis

Risk Metrics

Beta: 0.4821
Alpha: 33.93%
Correlation: 0.2612
R-Squared: 6.8%
Stock Volatility: 23.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own SHBI
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$6.4M
0.01%
#1312 of 3138-19.6%13F
Millennium Management Hedge fund
Izzy Englander
$5.0M
0.00%
#2051 of 3716-4.6%13F
Citadel Hedge fund
Ken Griffin
$4.2M
0.00%
#2230 of 6285+493.3%13F
Rockefeller Capital Management Family office
Rockefeller family
$66K
0.00%
#3219 of 4729+0.6%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

SHBI Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 33,419,699 (as of 2026-03-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

181 filers25,328,980 shares$567.64M value75.79% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 3,215,010 $73.78M 13.00% 9.62% 2026-06-30
2 Dimensional Fund Advisors LP Custodian 1,774,718 $40.73M 7.18% 5.31% 2026-06-30
3 Vanguard Group Inc Custodian 1,781,061 $31.49M 5.55% 5.33% 2025-12-31
4 Vanguard Capital Management LLC 1,345,267 $30.87M 5.44% 4.03% 2026-06-30
5 American Century Companies, Inc. 1,095,951 $25.15M 4.43% 3.28% 2026-06-30
6 State Street Corp 1,029,202 $23.62M 4.16% 3.08% 2026-06-30
7 The Manufacturers Life Insurance Company 885,021 $20.31M 3.58% 2.65% 2026-06-30
8 Geode Capital Management, LLC Custodian 816,475 $18.74M 3.30% 2.44% 2026-06-30
9 Wellington Management Group LLP Custodian 768,354 $17.63M 3.11% 2.30% 2026-06-30
10 Jupiter Topco LLC 745,516 $17.11M 3.01% 2.23% 2026-06-30
11 Ameriprise Financial, Inc. Custodian 523,562 $12.02M 2.12% 1.57% 2026-06-30
12 Atlantic Union Bankshares Corp 486,930 $11.18M 1.97% 1.46% 2026-06-30
13 Nuveen, LLC Custodian 483,359 $11.09M 1.95% 1.45% 2026-06-30
14 Goldman Sachs Group Inc Custodian 481,073 $11.04M 1.95% 1.44% 2026-06-30
15 AQR Capital Management, LLC Custodian 476,221 $10.93M 1.93% 1.43% 2026-06-30
16 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 337,669 $7.75M 1.37% 1.01% 2026-06-30
17 Arrowstreet Capital, Limited Partnership 336,589 $7.72M 1.36% 1.01% 2026-06-30
18 Northern Trust Corp Custodian 316,028 $7.25M 1.28% 0.95% 2026-06-30
19 Janus Henderson Group plc 380,283 $7.10M 1.25% 1.14% 2026-03-31
20 Vanguard Portfolio Management LLC 299,794 $6.88M 1.21% 0.90% 2026-06-30
21 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 299,231 $6.87M 1.21% 0.90% 2026-06-30
22 RENAISSANCE TECHNOLOGIES LLC 279,515 $6.41M 1.13% 0.84% 2026-06-30
23 BRIDGEWAY CAPITAL MANAGEMENT, LLC 278,686 $6.40M 1.13% 0.83% 2026-06-30
24 Morgan Stanley Custodian 269,655 $6.19M 1.09% 0.81% 2026-06-30
25 Millennium Management LLC Custodian 218,636 $5.02M 0.88% 0.65% 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

SHBI Insider Trading (Form 4)

Latest: 2026-08-25
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-08-25 Charles S Cullum EVP, Chief Financial Officer Mixed +1,048 — EDGAR
2026-08-25 Noah Edward Stayton EVP, Chief Information Officer Mixed +2,441 — EDGAR
2026-08-05 John Lamon Director Buy (P) +300 $24.57 $7.4K EDGAR
2026-07-31 Louis P Jenkins Jr Director Exer (M) +2,310 — EDGAR
2026-07-31 R. Michael Clemmer Director Exer (M) +2,310 — EDGAR
2026-07-31 Rebecca Middleton McDonald Director Exer (M) +2,310 — EDGAR
2026-07-31 John Lamon Director Exer (M) +2,310 — EDGAR
2026-07-31 Charles S Cullum EVP, Chief Financial Officer Mixed +2,748 — EDGAR
2026-07-31 Michael Brian Adams Director Exer (M) +2,310 — EDGAR
2026-07-31 Konrad Wayson Director Exer (M) +2,310 — EDGAR
2026-07-31 David S. Jones Director Exer (M) +2,310 — EDGAR
2026-07-31 Alan J Hyatt Director Exer (M) +2,310 — EDGAR
2026-07-31 Edward Lawrence Sanders III Director Exer (M) +2,310 — EDGAR
2026-05-26 Michael Brian Adams Director Buy (P) +175 $20.29 $3.6K EDGAR
2026-05-26 Louis P Jenkins Jr Director Award (A) — — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

SHBI Insider Holdings

29 insiders · @ $22.90
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Alan J Hyatt Director 1,327,310 $30.40M $0 11 2026-07-31
2 James M Burke President & CEO 102,041 $2.34M $0 15 2026-03-09
3 Konrad Wayson Director 86,969 $1.99M $247.3K 19 2026-07-31
4 Edward Lawrence Sanders III Director 78,814 $1.80M $0 7 2026-07-31
5 A Joseph Slater Jr Director 66,634 $1.53M -$33.8K 6 2026-03-03
6 John Lamon Director 65,122 $1.49M $95.5K 22 2026-08-05
7 Christy Lombardi EVP, Chief Human Resources Ofc 64,920 $1.49M $0 15 2026-03-09
8 Louis P Jenkins Jr Director 64,510 $1.48M $0 7 2026-07-31
9 Brian Scot Ebron EVP, Chief Banking Officer 64,197 $1.47M $0 14 2026-03-09
10 Michael Brian Adams Director 58,526 $1.34M $182.6K 11 2026-07-31
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

SHBI Board & Officers

As of SEC filings through Aug 25, 2026

Directors 15

Officers 12

Changes in the last 10 years (63)
Nov 20, 2025John William Augustus III became EVP, Deputy Chief Credit Off
Oct 20, 2025Aaron Michael Kaslow became EVP, Chief Legal Officer
Aug 4, 2025Noah Edward Stayton became EVP, Chief Information Officer
Apr 21, 2025Charles S Cullum became EVP, Chief Financial Officer
Apr 17, 2025The company announced the departure of Todd L Capitani as EVP & CFO in an SEC filing
Mar 3, 2025Lacey Amanda Pierce listed as Chief Strategy&ProjectOfficer (previously EVP, Chief Administrative Ofc) in SEC filings
Jan 1, 2025Virginia Marie Anderson became EVP Chief Internal Audit Off.
Jul 2, 2024Talal Tay listed as EVP, Chief Risk Officer (previously Chief Risk Officer) in SEC filings
Jul 2, 2024Lacey Amanda Pierce listed as EVP, Chief Administrative Ofc (previously EVP, CAO) in SEC filings
Jul 2, 2024Jr. Charles E. Ruch listed as EVP, Chief Credit Officer (previously Executive Vice President & Chief Credit Officer Shore United Bank) in SEC filings
Jul 2, 2024Donna J. Stevens listed as EVP, Chief Operating Officer (previously Chief Operating Officer, Shore Bancshares and Shore United Bank) in SEC filings
Jul 2, 2024Christy Lombardi listed as EVP, Chief Human Resources Ofc (previously Chief Human Resources Officer) in SEC filings
Jul 2, 2024Brian Scot Ebron listed as EVP, Chief Banking Officer (previously Chief Banking Officer) in SEC filings
Feb 27, 2024Lacey Amanda Pierce became EVP, CAO
Jul 5, 2023William David Morse reported in an SEC filing no longer being Title - Secretary/Legal Counsel, Shore Bancshares
Jul 5, 2023Jennifer Joseph reported in an SEC filing no longer being Executive Vice President and Chief Retail Banking Officer Shore United Bank
Jul 5, 2023Christa Jo Heron reported in an SEC filing no longer being EVP/Chief Risk Officer
Jul 1, 2023Todd L Capitani became EVP & CFO
Jul 1, 2023Talal Tay became Chief Risk Officer
Jul 1, 2023Rebecca Middleton McDonald became a director
Not reported recently (15)
  • Andrea E. Colender · Last reported as EVP/Chief Legal Officer in an SEC filing dated Jul 2, 2025
  • Frank E Mason III · Last reported as a director in an SEC filing dated Jan 3, 2025
  • David W. Moore · Last reported as a director in an SEC filing dated Jun 20, 2024
  • Mary Todd Peterson · Last reported as a director in an SEC filing dated Jun 3, 2024
  • Joseph V Stone Jr · Last reported as a director in an SEC filing dated Oct 2, 2023
  • Michael T. Cavey · Last reported as Executive Vice President and Chief Lending Officer of Shore United Bank in an SEC filing dated May 18, 2023
  • Vance W. Adkins · Last reported as EVP/Treasurer in an SEC filing dated Feb 14, 2023
  • James A Judge · Last reported as a director in an SEC filing dated Feb 3, 2023
  • Blenda W Armistead · Last reported as a director in an SEC filing dated Feb 3, 2023
  • David J Bates · Last reported as a director in an SEC filing dated Feb 3, 2021
  • David A. Fike · Last reported as a director in an SEC filing dated Feb 4, 2020
  • Christopher F Spurry · Last reported as a director in an SEC filing dated Feb 8, 2019
  • John H Wilson · Last reported as a director in an SEC filing dated Feb 8, 2019
  • Patrick M Bilbrough · Last reported as Shore United Bank, EASTON, MD, PRESIDENT/CEO in an SEC filing dated Feb 14, 2018
  • Richard C. Trippe · Last reported as President & CEO Avon Dixon in an SEC filing dated Feb 14, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
55 ETFs hold SHBI
25 shown · $144.85M total exposure · 0.03% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 AVUV Avantis U.S. Small Cap Value ETF Avantis 0.07% $23.7M $31.5B 2026-10-21
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $21.4M — 2026-09-30
3 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.03% $19.1M $74.2B 2026-10-21
4 DFSV Dimensional US Small Cap Value ETF Dimensional 0.05% $13.4M — 2026-10-21
5 DFAT Dimensional US Targeted Value ETF Dimensional 0.03% $9.7M — 2026-10-21
6 VXF Vanguard Extended Market ETF Vanguard 0.01% $7.8M — 2026-09-30
7 KRE State Street® SPDR® S&P® Regional Banking ETF SPDR (State Street) 0.17% $7.4M $4.2B 2026-10-21
8 IWN iShares Russell 2000 Value ETF iShares (BlackRock) 0.05% $6.8M $13.9B 2026-10-21
9 DFAS Dimensional US Small Cap ETF Dimensional 0.02% $5.9M — 2026-10-21
10 BSVO EA Bridgeway Omni Small-Cap Value ETF Nport 0.18% $4.2M — 2026-06-30
11 VTWO Vanguard Russell 2000 ETF Vanguard 0.02% $4.1M — 2026-09-30
12 FDM First Trust Dow Jones Select MicroCap Index Fund First Trust 1.16% $3.1M $264.3M 2026-10-21
13 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.00% $2.5M — 2026-10-21
14 DFMC Dimensional US Micro Cap ETF Dimensional 0.03% $2.4M — 2026-10-21
15 IWC iShares Micro-Cap ETF iShares (BlackRock) 0.18% $2.2M $1.2B 2026-10-21
16 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.00% $1.9M $96.2B 2026-10-21
17 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.05% $1.4M $3.1B 2026-10-21
18 FESM Fidelity Enhanced Small Cap Core ETF Fidelity 0.02% $1.3M $6.6B 2026-10-21
19 DES WisdomTree U.S. SmallCap Dividend Fund Nport 0.05% $1.1M — 2026-06-30
20 VFH Vanguard Financials ETF Vanguard 0.01% $1.1M — 2026-09-30
21 PSC Principal U.S. Small-Cap ETF Nport 0.05% $1.1M — 2026-06-30
22 VFMF Vanguard U.S. Multifactor ETF Vanguard 0.09% $980,562 — 2026-10-21
23 DCOR Dimensional US Core Equity 1 ETF Dimensional 0.00% $943,179 — 2026-10-21
24 VTWV Vanguard Russell 2000 Value ETF Vanguard 0.05% $648,482 — 2026-09-30
25 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.02% $601,622 — 2026-07-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
12.26
TTM Diluted EPS
$1.87
TTM Revenue
$345.29M
TTM Net Income
$62.83M
TTM Op. Cash Flow
$74.18M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '262026-03-31$85.64M$17.09M$0.51$31.57M
Q4 '252025-12-31$88.82M$15.89M$0.47$8.48M
Q3 '252025-09-30$84.89M$14.35M$0.43$42.47M
Q2 '252025-06-30$85.94M$15.51M$0.46$-8.34M
Q1 '252025-03-31$83.07M$13.76M$0.41$19.78M
Q4 '242024-12-31$85.26M$13.28M$0.40$32.42M
Q3 '242024-09-30$81.98M$11.19M$0.34$9.05M
Q2 '242024-06-30$81.55M$11.23M$0.34$3.03M
Q1 '242024-03-31$77.71M$8.18M$0.25$2.39M
Q4 '232023-12-31$78.68M$10.49M$0.39$36.07M
Q3 '232023-09-30$86.23M$-9.74M$-0.29$-24.00M
Q2 '232023-06-30$41.93M$4.02M$0.20$-570.00K
Q1 2026 • period ending 2026-03-31 • filed 2026-05-04
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
12.26
P/B
1.27
P/S
2.22
EV/EBITDA
9.74
EV/Sales
2.35
ROE
10.4%
ROA
1.0%
Div Yield
2.20%
FCF Yield
9.68%
Debt/Equity
0.15
Current Ratio
—
Market Cap
$765.98M
as of 2026-10-23
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
1.08M
SI % of Float
3.52%
Days to Cover
4.76
Short Vol Ratio
49.5%
Free Float
30.55M
Float %
91.5%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-09-09