Shore Calculated Tax Rate Trend from 2010 to 2022

SHBI -  USA Stock  

USD 19.82  0.17  0.85%

Shore Bancshares Calculated Tax Rate is decreasing over the last several years with slightly volatile swings. Calculated Tax Rate is estimated to finish at 34.71 this year. During the period from 2010 to 2022 Shore Bancshares Calculated Tax Rate regressed destribution of quarterly values had coefficient of variationof 17.51 and r-value of (0.59). The current Net Income is estimated to increase to about 15.3 M, while Consolidated Income is projected to decrease to roughly 7.4 M.

Shore Historical Trends 

 
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Check Shore Bancshares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shore main balance sheet or income statement drivers, such as Consolidated Income of 7.4 M, Earning Before Interest and Taxes EBIT of 11.8 M or Gross Profit of 54.2 M, as well as many exotic indicators such as Calculated Tax Rate of 34.71, PPandE Turnover of 3.84 or Accrued Expenses Turnover of 192. Shore financial statements analysis is a perfect complement when working with Shore Bancshares Valuation or Volatility modules. It can also supplement various Shore Bancshares Technical models. Additionally, take a look at the analysis of Shore Bancshares Correlation against competitors.

Shore Calculated Tax Rate Breakdown

Showing smoothed Calculated Tax Rate of Shore Bancshares with missing and latest data points interpolated. Shore Bancshares' Calculated Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Shore Bancshares' overall financial position and show how it may be relating to other accounts over time.
Calculated Tax Rate10 Years Trend
Decreasing
Slightly volatile
 Calculated Tax Rate 
Share
      Timeline 

Shore Calculated Tax Rate Regression Statistics

Arithmetic Mean 34.58
Geometric Mean 34.04
Coefficient Of Variation 17.51
Mean Deviation 5.07
Median 37.73
Standard Deviation 6.05
Sample Variance 36.64
Range 17.82
R-Value(0.59)
Mean Square Error 25.95
R-Squared 0.35
Significance 0.032895
Slope(0.92)
Total Sum of Squares 439.74

Shore Calculated Tax Rate History

2015  38.28 
2016  39.38 
2017  43.08 
2018  25.45 
2019  25.62 
2020  25.26 
2021  29.05 
2022  34.71 

About Shore Bancshares Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Shore Bancshares income statement, its balance sheet, and the statement of cash flows. Shore Bancshares investors use historical funamental indicators, such as Shore Bancshares's Calculated Tax Rate, to determine how well the company is positioned to perform in the future. Although Shore Bancshares investors may use each financial statement separately, they are all related. The changes in Shore Bancshares's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Shore Bancshares's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Shore Bancshares Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Shore Bancshares. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Calculated Tax Rate 29.05  34.71 
Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. The company was founded in 1876 and is headquartered in Easton, Maryland. Shore Bancshares operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 287 people.

Shore Bancshares Investors Sentiment

The influence of Shore Bancshares' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Shore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Shore Bancshares in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Shore Bancshares' short interest history, or implied volatility extrapolated from Shore Bancshares options trading.

Current Sentiment - SHBI

Shore Bancshares Investor Sentiment

Most of Macroaxis users are at this time bullish on Shore Bancshares. What is your outlook on investing in Shore Bancshares? Are you bullish or bearish?
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Additionally, take a look at the analysis of Shore Bancshares Correlation against competitors. Note that the Shore Bancshares information on this page should be used as a complementary analysis to other Shore Bancshares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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Is Shore Bancshares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shore Bancshares. If investors know Shore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shore Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Shore Bancshares is measured differently than its book value, which is the value of Shore that is recorded on the company's balance sheet. Investors also form their own opinion of Shore Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Shore Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shore Bancshares' market value can be influenced by many factors that don't directly affect Shore Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shore Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine Shore Bancshares value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shore Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.