Bailard Inc. bought a new position in Shore Bancshares Inc (NASDAQ:SHBI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,500 shares of the bank's stock, valued at approximately $210,000.
Several other institutional investors and hedge funds also recently made changes to their positions in SHBI. Hillsdale Investment Management Inc. bought a new stake in shares of Shore Bancshares during the 4th quarter valued at about $2,645,000. American Century Companies Inc. lifted its holdings in shares of Shore Bancshares by 45.7% in the fourth quarter. American Century Companies Inc. now owns 469,182 shares of the bank's stock valued at $7,437,000 after purchasing an additional 147,148 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Shore Bancshares in the first quarter valued at approximately $1,644,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Shore Bancshares in the fourth quarter valued at approximately $1,479,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Shore Bancshares by 394.2% in the fourth quarter. JPMorgan Chase & Co. now owns 104,174 shares of the bank's stock valued at $1,651,000 after purchasing an additional 83,096 shares in the last quarter. Institutional investors and hedge funds own 59.76% of the company's stock.
Shore Bancshares Stock Performance
Shares of SHBI opened at $16.70 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $557.28 million, a price-to-earnings ratio of 11.21 and a beta of 0.97. The stock has a 50 day moving average of $15.31 and a 200 day moving average of $14.73. Shore Bancshares Inc has a 12 month low of $11.47 and a 12 month high of $17.61.
Shore Bancshares (NASDAQ:SHBI - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The business had revenue of $53.03 million during the quarter, compared to the consensus estimate of $50.78 million. Shore Bancshares had a return on equity of 10.44% and a net margin of 14.91%. As a group, sell-side analysts forecast that Shore Bancshares Inc will post 1.59 earnings per share for the current year.
Shore Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, May 12th. Shore Bancshares's dividend payout ratio (DPR) is currently 32.21%.
Insider Transactions at Shore Bancshares
In related news, Director Konrad Wayson bought 5,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $14.25 per share, with a total value of $71,250.00. Following the purchase, the director owned 59,328 shares in the company, valued at approximately $845,424. The trade was a 9.20% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 6,250 shares of company stock worth $89,468 over the last three months. Insiders own 8.57% of the company's stock.
Shore Bancshares Company Profile
(
Free Report)
Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank, N.A. that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.
Featured Articles
Want to see what other hedge funds are holding SHBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shore Bancshares Inc (NASDAQ:SHBI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Shore Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shore Bancshares wasn't on the list.
While Shore Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
