Shore Bancshares, Inc.
Shore Bancshares, Inc. (NASDAQ: SHBI) is trading at $23.01, about ₹2,206 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.39% today. Indian residents can buy Shore Bancshares from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.93
Today's high
$23.18
52 week low
$14.93
52 week high
$24.89
SHBI opened at $22.97, closed previously at $22.92, and has traded between $14.93 and $24.89 over the past 52 weeks.
About
Shore Bancshares, Inc. operates as a bank holding company for Shore United Bank, N.A. that provides various consumer and commercial banking products and services to individuals, businesses, and other organizations in the United States. The company offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as certificate of deposit account registry service programs and cash management services. It also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, the company offers trust, wealth management, and financial planning services; treasury management services, such as merchant card processing, remote deposit capture, and ACH origination, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; and automatic teller machine services. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.
Key statistics
Avg. volume
209.43K
Market cap
$769.82M
P/E Ratio
11.56
Price-to-sales ratio
2.22
Enterprise value
$611.50M
Free cash flow yield
11.32%
Debt-to-equity ratio
0.16
Return on equity
11.10%
ROIC
8.81%
Beta
0.80
Dividend yield
2.26%
Last dividend
$0.52
Financial overview
Revenue
$342.72M
Earnings per share
$1.78
Free cash flow
$59.22M
Net profit margin
19.12%
Gross margin
66.51%
EBITDA
$78.77M
Revenue growth
4.97%
Similar securities
This is not an investment recommendation
How to buy Shore Bancshares from India
Indian residents can buy Shore Bancshares shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Shore Bancshares and place an order
Find Shore Bancshares by name or by its ticker, SHBI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Shore Bancshares trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Shore Bancshares position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Shore Bancshares from India
Trading and taxes when buying Shore Bancshares from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Shore Bancshares’ current yield is 2.26%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Shore Bancshares stock?
Yes. Shore Bancshares (SHBI) has been listed on NASDAQ since 2001, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Shore Bancshares share cost in rupees?
One Shore Bancshares share is $23.01 — about ₹2,206 at a USD/INR rate of 95.88 on 26 Sep 2026. Both the Shore Bancshares price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Shore Bancshares from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Shore Bancshares?
Yes. One Shore Bancshares share is $23.01, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Shore Bancshares.
How are gains on Shore Bancshares shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Shore Bancshares price. Paasa issues a capital-gains statement for your return.
Does Shore Bancshares pay a dividend, and how is it taxed in India?
Yes. Shore Bancshares pays a dividend and the current yield is 2.26%; the last declared dividend was $0.52 per share, about ₹49.86. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Shore Bancshares from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Shore Bancshares shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Shore Bancshares shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Shore Bancshares holding, its cost and its closing value.
How do I sell Shore Bancshares and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.