FSI Group LLC increased its position in Shore Bancshares, Inc. (NASDAQ:SHBI) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,440 shares of the bank’s stock after purchasing an additional 4,440 shares during the period. FSI Group LLC owned approximately 0.27% of Shore Bancshares worth $575,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SHBI. First Quadrant L P CA lifted its stake in Shore Bancshares by 96.2% during the 3rd quarter. First Quadrant L P CA now owns 8,133 shares of the bank’s stock valued at $135,000 after acquiring an additional 3,988 shares during the period. New York State Common Retirement Fund increased its holdings in Shore Bancshares by 31.6% in the 2nd quarter. New York State Common Retirement Fund now owns 12,900 shares of the bank’s stock worth $212,000 after acquiring an additional 3,099 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Shore Bancshares by 7.4% in the 2nd quarter. Nationwide Fund Advisors now owns 20,196 shares of the bank’s stock worth $332,000 after acquiring an additional 1,400 shares in the last quarter. Teachers Advisors LLC increased its holdings in Shore Bancshares by 42.9% in the 2nd quarter. Teachers Advisors LLC now owns 22,197 shares of the bank’s stock worth $365,000 after acquiring an additional 6,666 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Shore Bancshares by 148.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 23,904 shares of the bank’s stock worth $393,000 after purchasing an additional 14,300 shares during the period. Institutional investors own 68.61% of the company’s stock.
Shore Bancshares, Inc. (NASDAQ SHBI) traded up $0.14 during mid-day trading on Friday, reaching $18.53. The company’s stock had a trading volume of 26,848 shares, compared to its average volume of 26,336. The company has a market cap of $236.90, a P/E ratio of 10.13 and a beta of 0.31. Shore Bancshares, Inc. has a 1-year low of $15.17 and a 1-year high of $19.30.
Shore Bancshares (NASDAQ:SHBI) last posted its earnings results on Thursday, January 25th. The bank reported $0.27 EPS for the quarter. The firm had revenue of $16.71 million during the quarter. Shore Bancshares had a return on equity of 7.75% and a net margin of 17.18%.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.51%. Shore Bancshares’s dividend payout ratio is presently 15.30%.
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Shore Bancshares 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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