Is Shore Bancshares, Inc. overvalued or undervalued?

As of 24 April 2025, the valuation grade for Shore Bancshares, Inc. has moved from attractive to very attractive, indicating a significant positive shift in its valuation outlook. The company is currently considered undervalued, especially when compared to its peers. Key ratios include a P/E ratio of 10, a Price to Book Value of 0.89, and an impressive Dividend Yield of 322.10%.
In comparison to its peers, Shore Bancshares, Inc. has a lower P/E ratio than Burke Herbert Financial Services Corp. at 15.15 and Equity Bancshares, Inc. at 12.08, both of which are trading at higher valuations. Additionally, the PEG ratio of 0.19 further emphasizes its undervaluation relative to the industry. Notably, the company's stock has outperformed the S&P 500 over the past year, returning 43.05% compared to the index's 10.26%, reinforcing the attractiveness of its current valuation.