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Shore Bancshares Inc (SHBI) receives an Overweight rating from Piper Sandler

Shore Bancshares Inc’s filing revealed that its Director Adams Michael Brian acquired Company’s shares for reported $15363.0 on Feb 04 ’25. In the deal valued at $15.92 per share,965 shares were bought. As a result of this transaction, Adams Michael Brian now holds 9,126 shares worth roughly $ 0.15 million.

Then, WAYSON KONRAD bought 3,000 shares, generating $50,820 in total proceeds. Upon buying the shares at $16.94, the Director now owns 53,266 shares.

Before that, LAMON JOHN bought 605 shares. Shore Bancshares Inc shares valued at $6,581 were divested by the Director at a price of $10.88 per share. As a result of the transaction, LAMON JOHN now holds 61,675 shares, worth roughly $1.01 million.

Piper Sandler initiated its Shore Bancshares Inc [SHBI] rating to an Overweight in a research note published on February 06, 2025; the price target was $20. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early December from “a Mkt perform” to “an Outperform”. Janney also remained covering SHBI and has decreased its forecast on July 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Janney revised its rating on August 15, 2023. It rated SHBI as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SHBI

On Friday, Shore Bancshares Inc [NASDAQ:SHBI] saw its stock fall -0.36% to $16.44. Over the last five days, the stock has lost -0.30%. Shore Bancshares Inc shares have risen nearly 3.72% since the year began. Nevertheless, the stocks have risen 48.91% over the past one year. While a 52-week high of $17.61 was reached on 01/31/25, a 52-week low of $10.06 was recorded on 01/13/25. SMA at 50 days reached $16.11, while 200 days put it at $13.93.

Levels Of Support And Resistance For SHBI Stock

The 24-hour chart illustrates a support level at 16.28, which if violated will result in even more drops to 16.12. On the upside, there is a resistance level at 16.66. A further resistance level may holdings at 16.88. The Relative Strength Index (RSI) on the 14-day chart is 56.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.85%. Stochastics %K at 57.19% indicates the stock is a holding.

How much short interest is there in Shore Bancshares Inc?

A steep rise in short interest was recorded in Shore Bancshares Inc stocks on 2025-01-31, dropping by 35657.0 shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.19 million shares. There was a decline of -22.44%, which implies that there is a negative sentiment for the stock.

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