Shore Bancshares, Inc. (NASDAQ:SHBI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $14.87 and last traded at $15.32, with a volume of 764 shares. The stock had previously closed at $15.27.
The company has a market capitalization of $194.30 million, a P/E ratio of 11.91 and a beta of 0.33.
Shore Bancshares (NASDAQ:SHBI) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $17.66 million during the quarter. Shore Bancshares had a return on equity of 9.80% and a net margin of 21.52%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a $0.09 dividend. This is a positive change from Shore Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, November 15th.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Shore Bancshares by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 552,734 shares of the bank’s stock worth $9,850,000 after buying an additional 9,037 shares during the period. Morgan Stanley lifted its holdings in Shore Bancshares by 3.5% in the 3rd quarter. Morgan Stanley now owns 119,338 shares of the bank’s stock worth $2,126,000 after buying an additional 4,079 shares during the period. Penn Capital Management Co. Inc. lifted its holdings in Shore Bancshares by 44.0% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 125,673 shares of the bank’s stock worth $2,239,000 after buying an additional 38,399 shares during the period. Bailard Inc. lifted its holdings in Shore Bancshares by 15.3% in the 3rd quarter. Bailard Inc. now owns 37,600 shares of the bank’s stock worth $670,000 after buying an additional 5,000 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Shore Bancshares by 4.3% in the 3rd quarter. Renaissance Technologies LLC now owns 374,600 shares of the bank’s stock worth $6,675,000 after buying an additional 15,300 shares during the period. 67.54% of the stock is currently owned by institutional investors.
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Shore Bancshares Company Profile (NASDAQ:SHBI)
Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.
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