Shore Piotroski F Score

SHBI -  USA Stock  

USD 19.76  0.06  0.30%

This module uses fundamental data of Shore Bancshares to approximate its Piotroski F score. Shore Bancshares F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Shore Bancshares. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Shore Bancshares financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at Shore Bancshares Altman Z Score, Shore Bancshares Correlation, Shore Bancshares Valuation, as well as analyze Shore Bancshares Alpha and Beta and Shore Bancshares Hype Analysis.

Shore Piotroski F Score 

 
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The current Long Term Debt is estimated to increase to about 23.7 M. The current Total Debt is estimated to increase to about 7.9 M. Shore Bancshares Accrued Expenses Turnover is most likely to increase significantly in the upcoming years. The last year's value of Accrued Expenses Turnover was reported at 129.40. The current Cash and Equivalents Turnover is estimated to increase to 0.83, while Total Assets Per Share are projected to decrease to 128.21.
At this time, it appears that Shore Bancshares' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
N/A
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

Shore Bancshares Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Shore Bancshares is to make sure Shore is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Shore Bancshares' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Shore Bancshares' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares10.5 M11.1 M
Notably Down
Increasing
Slightly volatile
Weighted Average Shares Diluted10.5 M11.1 M
Notably Down
Increasing
Slightly volatile
Net Cash Flow from Operations21.8 M21.2 M
Fairly Up
Decreasing
Stable
Total Assets1.5 B1.7 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities1.3 B1.6 B
Fairly Down
Increasing
Slightly volatile
Total Debt7.9 M7.7 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets0.870.81
Notably Up
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.05390.0463
Fairly Up
Decreasing
Slightly volatile

Shore Bancshares F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Shore Bancshares' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Shore Bancshares in a much-optimized way.

About Shore Bancshares Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

14.71Share
Shore Bancshares Book Value per Share is most likely to increase slightly in the upcoming years. The last year's value of Book Value per Share was reported at 13.38

Shore Bancshares Current Valuation Drivers

We derive many important indicators used in calculating different scores of Shore Bancshares from analyzing Shore Bancshares' financial statements. These drivers represent accounts that assess Shore Bancshares' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Shore Bancshares' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee32.55 K85.61 K55.09 K53.18 K47.86 K51.64 K
Revenue Per Employee189.45 K222.33 K237.37 K238.08 K214.27 K197.61 K

About Shore Bancshares Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Shore Bancshares's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shore Bancshares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shore Bancshares based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

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Our tools can tell you how much better you can do entering a position in Shore Bancshares without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Shore Bancshares Altman Z Score, Shore Bancshares Correlation, Shore Bancshares Valuation, as well as analyze Shore Bancshares Alpha and Beta and Shore Bancshares Hype Analysis. 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Shore Bancshares price analysis, check to measure Shore Bancshares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shore Bancshares is operating at the current time. Most of Shore Bancshares' value examination focuses on studying past and present price action to predict the probability of Shore Bancshares' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Shore Bancshares' price. Additionally, you may evaluate how the addition of Shore Bancshares to your portfolios can decrease your overall portfolio volatility.
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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.