Shore Bancshares Inc (SHBI) vs Washington Trust Bancorp, Inc. (WASH)

Shore Bancshares Inc and Washington Trust Bancorp, Inc. are both Banks Regional companies. Shore Bancshares Inc and Washington Trust Bancorp, Inc. are of similar size ($764.9M and $738.6M). Shore Bancshares Inc trades at the lower P/E: 11.6× against 13.4×. Washington Trust Bancorp, Inc. grew revenue faster over the last twelve months: 24.9% against 2.79%. Shore Bancshares Inc has the higher net margin (19.2% vs 14.5%) and the higher return on invested capital (12.2% vs 4.90%). Both pay a dividend; Washington Trust Bancorp, Inc. yields more (8.74% vs 4.34%). Across the 20 metrics below, Shore Bancshares Inc leads on 12 and Washington Trust Bancorp, Inc. on 8.

Valuation

Metric SHBI WASH Banks Regional median
P/E 11.62 13.35 12.15
P/S 2.23 1.94 2.37
P/B 1.25 1.34 1.21
Price to free cash flow 8.91 7.73 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.74 2.86 2.27
Earnings yield 8.60% 7.49% 8.11%
Free cash flow yield 11.22% 12.94% 8.98%

Profitability

Metric SHBI WASH Banks Regional median
Gross margin 68.57% 61.25% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.15% 14.50% 18.66%
Free cash flow margin 24.99% 25.09% 21.18%
Return on equity 11.21% 10.25% 10.64%
Return on assets 1.09% 0.83% 1.13%
Return on invested capital 12.23% 4.90% 8.33%

Growth

Metric SHBI WASH Banks Regional median
Revenue growth (TTM) 2.79% 24.92% 6.61%
EPS growth (last fiscal year) 34.85% 266.26% —
Revenue growth, 5-year CAGR 37.23% 7.90% 12.30%
Net income growth, 5-year CAGR 30.49% (5.60%) 9.71%

Health

Metric SHBI WASH Banks Regional median
Debt to equity 0.14 0.86 0.22
Current ratio 0.95 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SHBI WASH Banks Regional median
Dividend yield 4.34% 8.74% 3.75%
Payout ratio 0.33 0.65 0.27

Size

Metric SHBI WASH Banks Regional median
Market cap 764.89m 738.56m 921.07m

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