Shore Bancshares (SHBI) Sets New 1-Year Low at $14.87

Shore Bancshares, Inc. (NASDAQ:SHBI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $14.87 and last traded at $15.32, with a volume of 764 shares trading hands. The stock had previously closed at $15.27.

The firm has a market cap of $194.68 million, a P/E ratio of 11.93 and a beta of 0.33.

Shore Bancshares (NASDAQ:SHBI) last released its quarterly earnings data on Thursday, October 18th. The bank reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Shore Bancshares had a net margin of 21.52% and a return on equity of 9.80%. The company had revenue of $17.66 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.09 dividend. This is an increase from Shore Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, November 15th.

Several large investors have recently added to or reduced their stakes in the business. Bailard Inc. grew its stake in shares of Shore Bancshares by 24.4% in the second quarter. Bailard Inc. now owns 32,600 shares of the bank’s stock valued at $620,000 after acquiring an additional 6,400 shares in the last quarter. Maltese Capital Management LLC grew its stake in shares of Shore Bancshares by 12.9% in the second quarter. Maltese Capital Management LLC now owns 197,500 shares of the bank’s stock valued at $3,756,000 after acquiring an additional 22,500 shares in the last quarter. BlackRock Inc. grew its stake in shares of Shore Bancshares by 4.9% in the second quarter. BlackRock Inc. now owns 781,452 shares of the bank’s stock valued at $14,863,000 after acquiring an additional 36,438 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Shore Bancshares by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 396,754 shares of the bank’s stock valued at $7,546,000 after acquiring an additional 45,317 shares in the last quarter. Finally, Globeflex Capital L P grew its stake in shares of Shore Bancshares by 15.1% in the second quarter. Globeflex Capital L P now owns 59,300 shares of the bank’s stock valued at $1,128,000 after acquiring an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/12/07/shore-bancshares-shbi-sets-new-1-year-low-at-14-87.html.

About Shore Bancshares (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.

Featured Article: How to use beta for portfolio diversification

Receive News & Ratings for Shore Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shore Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply