According to Zacks, “Shore Bancshares, Inc. is a bank holding company. The Company engages in the business of banking through its two subsidiaries, The Centreville National Bank of Maryland and The Talbot Bank of Easton, Maryland. “
Shore Bancshares (NASDAQ:SHBI) opened at 11.75 on Thursday. The firm has a 50-day moving average price of $11.72 and a 200-day moving average price of $11.69. The firm has a market capitalization of $148.78 million, a PE ratio of 17.03 and a beta of 0.76. Shore Bancshares has a 1-year low of $9.30 and a 1-year high of $12.59.
Shore Bancshares (NASDAQ:SHBI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Shore Bancshares had a return on equity of 5.92% and a net margin of 15.74%. Equities analysts expect that Shore Bancshares will post $0.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, August 11th. Shore Bancshares’s payout ratio is 17.39%.
Several hedge funds and other institutional investors have recently made changes to their positions in SHBI. BlackRock Institutional Trust Company N.A. boosted its position in shares of Shore Bancshares by 46.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 260,439 shares of the company’s stock worth $3,060,000 after buying an additional 82,826 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Shore Bancshares by 938.3% in the second quarter. BlackRock Fund Advisors now owns 327,986 shares of the company’s stock worth $3,854,000 after buying an additional 296,396 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of Shore Bancshares by 2,344.9% in the second quarter. BlackRock Investment Management LLC now owns 49,925 shares of the company’s stock worth $587,000 after buying an additional 47,883 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Shore Bancshares by 9.7% in the second quarter. Vanguard Group Inc. now owns 415,062 shares of the company’s stock worth $4,877,000 after buying an additional 36,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Shore Bancshares by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 173,694 shares of the company’s stock worth $2,041,000 after buying an additional 24,604 shares during the last quarter. Institutional investors own 60.51% of the company’s stock.
Shore Bancshares Company Profile
Shore Bancshares, Inc is a financial holding company. The Company acts as the parent company to several financial institution and insurance entities. The Company has two business segments: Community Banking, and Insurance Products and Services. Its Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware.
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