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Posted by
Two Blokes Jul 28 -
Filed in
Stock
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4 views
Shore Bancshares delivered a strong Q2 with solid earnings, an attractive valuation at 7.5x forward EPS, and a 3%+ dividend yield. Loan growth remains healthy, and while deposits declined, this was expected due to seasonal municipal run-offs, so I see no major concern. Asset quality is stable with no office CRE charge-offs, return metrics and efficiency ratios are improving, and tangible book value continues to rise.
