Stock fact sheet · data as of
Shore Bancshares, Inc. (SHBI): fair value, margin of safety and Wheel Score
Ticker symbol SHBI · Financial Services · Banks - Regional · United States · Value
Is SHBI undervalued?
Shore Bancshares, Inc. (SHBI) closed at 23.13 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 28.79, so the price sits 20% below it. 5 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 9 models disagree widely: GLS Growth gives 3.35 while 10 Cap gives 63.15. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, SHBI is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 61, growth score 23, out of 100).
Nine valuation models for SHBI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 44.51 | +92% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 29.29 | +27% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 34.72 | +50% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.02 | -61% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.35 | -86% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 63.15 | +173% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 44.60 | +93% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 7.65 | -67% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 22.84 | -1% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -168.15 | -827% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 25.50 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health SHBI scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.9 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are moderate - ROIC 8.5%, ROE 10.1%, ROA 1.0% - with debt at 0.19 times equity and a free-cash-flow yield of 10.8%.
The dividend yield is 2.25% at a payout ratio of 25%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Deposit Account 100% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 27 Oct 2026.
| Piotroski F-score | 8 / 9 | ROIC | 8.5% |
|---|---|---|---|
| GLS Moat | 4.9 / 10 | ROE | 10.1% |
| Debt / equity | 0.19 | ROA | 1.0% |
| Free-cash-flow yield | 10.8% | Payout ratio | 25% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 48: Weak
SHBI scores 48 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (242 open interest, 174 a day); and filter 8, big enough - market cap $770M (under $1.0B), and the parts are thin too - value good, premium strong, moat fair, health strong, red flags strong, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 242 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 445k shares a day on a market cap of $770M, with a beta of 0.82; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (242 open interest, 174 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $770M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Good | 20% below fair value | |
| Premium | Strong | implied volatility 41% | |
| Moat | Fair | moat 4.9/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 174 contracts a day, 242 open interest | |
| Stability | Fair | beta 0.82, $770M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 27 Jan 2027, 83 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Shore Bancshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WASH Washington Trust Bancorp, Inc. | 40.28 | 37.54 | -7% | 39Weak | $768M |
| HTB HomeTrust Bancshares, Inc. | 47.84 | 96.20 | +50% | 45Weak | $757M |
| FISI Financial Institutions, Inc. | 40.44 | 40.90 | +1% | 34Weak | $789M |
| AGBK AGI Inc | 4.94 | 30.68 | +84% | 30No options | $790M |
| PFIS Peoples Financial Services Corp. | 74.69 | 88.97 | +16% | 27No options | $748M |
| VBNK VersaBank | 22.95 | 27.16 | +15% | 41Weak | $744M |
| SMBC Southern Missouri Bancorp, Inc. | 72.57 | 96.32 | +25% | 46Weak | $799M |
| AROW Arrow Financial Corporation | 39.54 | 37.39 | -6% | 27Weak | $733M |
| HBIA Hills Bancorporation | 46.60 | 20.37 | -129% | 25No options | $813M |
| IBCP Independent Bank Corporation | 37.25 | 39.42 | +5% | 38Weak | $823M |
| SPFI South Plains Financial, Inc. | 43.94 | 53.50 | +18% | 48Weak | $828M |
| CBNK Capital Bancorp, Inc. | 43.78 | 44.89 | +2% | 20Weak | $715M |
⚖ Compare SHBI with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about SHBI
Is SHBI undervalued right now?
By the GLS models, moderately: at 23.13 the stock trades 20% below the average fair value of 28.79 (data as of 5 Nov 2026).
What is the Wheel Score of SHBI and what does it mean?
SHBI scores 48 out of 100 (Weak) - it fails Wheel Trade Filters 1, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SHBI?
28.79 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Shore Bancshares, Inc. report earnings next?
The next earnings report is due on 27 Jan 2027, 83 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does SHBI have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 242 open interest across all expiries and implied volatility of 41% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.