Shore Bancshares, Inc.
US ˙ NasdaqGS ˙ US8251071051

SecuritySHBI / Shore Bancshares, Inc.
InstitutionBrown Advisory Inc
Latest Disclosed Ownership100,420 shares
Latest Disclosed Value $ 1,875,846
Brown Advisory Inc reports 20.31% increase in ownership of SHBI / Shore Bancshares, Inc.

On May 15, 2026 - Brown Advisory Inc filed a 13F-HR form disclosing ownership of 100,420 shares of Shore Bancshares, Inc. (US:SHBI) valued at $1,875,846 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 83,465 shares of Shore Bancshares, Inc.. This represents a change in shares of 20.31% during the quarter. The current value of the position is $2,107,816 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SHORE BANCSHARES COM 825107105 100,420 16,955 20.31 1,876 27.12 0.0014
2026-02-13 2025-12-31 13F SHORE BANCSHARES COM 825107105 83,465 0 0.00 1,476 7.74 0.0021
2025-11-14 2025-09-30 13F SHORE BANCSHARES COM 825107105 83,465 -3,025 -3.50 1,370 0.74 0.0018
2025-08-13 2025-06-30 13F SHORE BANCSHARES COM 825107105 86,490 0 0.00 1,360 16.05 0.0018
2025-04-30 2025-03-31 13F SHORE BANCSHARES COM 825107105 86,490 -1,061 -1.21 1,171 -15.57 0.0017
2025-02-14 2024-12-31 13F SHORE BANCSHARES COM 825107105 87,551 100 0.11 1,388 13.41 0.0018
2024-11-13 2024-09-30 13F SHORE BANCSHARES COM 825107105 87,451 -2,565 -2.85 1,223 18.74 0.0015
2024-08-14 2024-06-30 13F SHORE BANCSHARES COM 825107105 90,016 1,710 1.94 1,031 1.48 0.0013
2024-04-24 2024-03-31 13F SHORE BANCSHARES COM 825107105 88,306 -351 -0.40 1,016 -19.64 0.0014
2024-02-08 2023-12-31 13F SHORE BANCSHARES COM 825107105 88,657 -125 -0.14 1,263 35.37 0.0018
2023-10-25 2023-09-30 13F SHORE BANCSHARES COM 825107105 88,782 0 0.00 934 -9.06 0.0015
2023-07-31 2023-06-30 13F SHORE BANCSHARES COM 825107105 88,782 2,565 2.98 1,026 -16.65 0.0016
2023-05-08 2023-03-31 13F SHORE BANCSHARES COM 825107105 86,217 0 0.00 1,231 -18.04 0.0021
2023-02-13 2022-12-31 13F SHORE BANCSHARES COM 825107105 86,217 0 0.00 1,503 0.60 0.0028
2022-11-14 2022-09-30 13F SHORE BANCSHARES COM 825107105 86,217 0 0.00 1,493 -6.39 0.0029
2022-11-14 2022-06-30 13F/A-2 SHORE BANCSHARES COM 825107105 86,217 3,000 3.61 1,595 -6.40 0.0030
2022-09-13 2022-06-30 13F/A-1 SHORE BANCSHARES COM 825107105 83,217 0 1,540 0.0027
2022-08-02 2022-06-30 13F SHORE BANCSHARES COM 825107105 83,217 0 1,540 0.0025
2022-11-14 2022-03-31 13F/A-2 SHORE BANCSHARES COM 825107105 83,217 0 0.00 1,704 -1.79 0.0025
2022-09-13 2022-03-31 13F/A-1 SHORE BANCSHARES COM 825107105 83,217 0 1,704 0.0024
2022-05-09 2022-03-31 13F SHORE BANCSHARES COM 825107105 83,217 0 1,704 0.0023
2022-01-27 2021-12-31 13F SHORE BANCSHARES COM 825107105 83,217 0 0.00 1,735 17.63 0.0021
2021-11-12 2021-09-30 13F SHORE BANCSHARES COM 825107105 83,217 0 0.00 1,475 5.81 0.0022
2021-07-29 2021-06-30 13F SHORE BANCSHARES COM 825107105 83,217 580 0.70 1,394 -0.85 0.0021
2021-05-14 2021-03-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,406 16.49 0.0024
2021-02-12 2020-12-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,207 33.08 0.0021
2020-11-16 2020-09-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 907 -0.98 0.0019
2020-08-14 2020-06-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 916 2.12 0.0021
2020-05-15 2020-03-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 897 -37.49 0.0027
2020-02-14 2019-12-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,435 12.73 0.0036
2019-11-14 2019-09-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,273 -5.70 0.0036
2019-08-12 2019-06-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,350 9.58 0.0039
2019-05-15 2019-03-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,232 2.50 0.0035
2019-02-13 2018-12-31 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,202 -18.40 0.0040
2018-11-13 2018-09-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,473 -6.30 0.0042
2018-08-10 2018-06-30 13F SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,572 0.83 0.0048
2018-06-28 2018-03-31 13F/A-1 SHORE BANCSHARES COM 825107105 82,637 0 0.00 1,559 12.89 0.0050
2018-02-12 2017-12-31 13F SHORE BANCSHARES COM 825107105 82,637 100 0.12 1,381 0.51 0.0044
2017-11-13 2017-09-30 13F SHORE BANCSHARES COM 825107105 82,537 0 0.00 1,374 1.18 0.0046
2017-08-14 2017-06-30 13F SHORE BANCSHARES COM 825107105 82,537 -23,739 -22.34 1,358 -23.58 0.0042
2017-05-15 2017-03-31 13F SHORE BANCSHARES COM 825107105 106,276 -84,000 -44.15 1,777 -38.75 0.0061
2017-02-13 2016-12-31 13F SHORE BANCSHARES COM 825107105 190,276 -22,000 -10.36 2,901 15.99 0.0104
2016-11-14 2016-09-30 13F SHORE BANCSHARES COM 825107105 212,276 0 0.00 2,501 0.28 0.0086
2016-08-09 2016-06-30 13F SHORE BANCSHARES COM 825107105 212,276 0 0.00 2,494 -1.93 0.0088
2016-05-13 2016-03-31 13F SHORE BANCSHARES COM 825107105 212,276 0 0.00 2,543 10.13 0.0088
2016-02-08 2015-12-31 13F SHORE BANCSHARES COM 825107105 212,276 1,537 0.73 2,309 12.69 0.0078
2015-11-13 2015-09-30 13F SHORE BANCSHARES COM 825107105 210,739 0 0.00 2,049 3.12 0.0073
2015-08-11 2015-06-30 13F SHORE BANCSHARES COM 825107105 210,739 0 0.00 1,987 2.69 0.0065
2015-05-14 2015-03-31 13F SHORE BANCSHARES COM 825107105 210,739 0 0.00 1,935 -1.73 0.0062
2015-02-13 2014-12-31 13F/A-1 SHORE BANCSHARES COM 825107105 210,739 -11,600 -5.22 1,969 -1.60 0.0062
2015-02-09 2014-12-31 13F SHORE BANCSHARES COM 825107105 210,739 1,961
2014-11-10 2014-09-30 13F SHORE BANCSHARES COM 825107105 222,339 -10,900 -4.67 2,001 -4.80 0.0064
2014-08-08 2014-06-30 13F SHORE BANCSHARES COM 825107105 233,239 0 0.00 2,102 -5.23 0.0066
2014-05-13 2014-03-31 13F SHORE BANCSHARES COM 825107105 233,239 0 0.00 2,218 3.11 0.0071
2014-02-11 2013-12-31 13F SHORE BANCSHARES COM 825107105 233,239 0 0.00 2,151 4.77 0.0070
2013-11-08 2013-09-30 13F SHORE BANCSHARES COM 825107105 233,239 -10,000 -4.11 2,053 14.63 0.0073
2013-08-13 2013-06-30 13F SHORE BANCSHARES COM 825107105 243,239 243,239 1,791 0.0072
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.