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Are You Looking for a Top Momentum Pick? Why Shore Bancshares (SHBI) is a Great Choice
Shore BancsharesShore Bancshares(US:SHBI) ZACKSยท2025-07-03 17:06

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Shore Bancshares (SHBI) - Shore Bancshares currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - SHBI shares have increased by 6.63% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.31% [5] - Over the past month, SHBI's price change is 12.53%, compared to the industry's 7.77% [5] - In the last quarter, SHBI shares have risen by 30.83%, and over the past year, they have gained 44.22%, while the S&P 500 has only increased by 10.24% and 14.41%, respectively [6] Trading Volume - The average 20-day trading volume for SHBI is 191,516 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for SHBI has increased, while none have decreased, raising the consensus estimate from $1.62 to $1.67 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, SHBI is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]