Shore Bancshares, Inc. (SHBI, Financial) has announced that Charles Cullum will be stepping into the role of Executive Vice President and Chief Financial Officer for both the company and its bank, starting on April 21. Cullum succeeds Todd Capitani, who has declared his intention to retire from the position. Capitani will continue to work with the company until August 15, ensuring a seamless transition by collaborating closely with Cullum during this period.
Before joining Shore Bancshares, Cullum held the position of Chief Financial Officer at Sandy Spring Bancorp (SASR) since May of 2024, bringing a wealth of experience to his new role. His appointment is part of the company’s strategic leadership transition plan as they prepare for future growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Shore Bancshares Inc (SHBI, Financial) is $17.67 with a high estimate of $18.00 and a low estimate of $17.50. The average target implies an upside of 41.90% from the current price of $12.45. More detailed estimate data can be found on the Shore Bancshares Inc (SHBI) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Shore Bancshares Inc's (SHBI, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shore Bancshares Inc (SHBI, Financial) in one year is $13.76, suggesting a upside of 10.52% from the current price of $12.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shore Bancshares Inc (SHBI) Summary page.
