Hoxton Planning & Management LLC purchased a new stake in shares of Shore Bancshares Inc (NASDAQ:SHBI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 65,130 shares of the bank's stock, valued at approximately $882,000. Hoxton Planning & Management LLC owned about 0.20% of Shore Bancshares at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in SHBI. XTX Topco Ltd bought a new position in Shore Bancshares during the 1st quarter worth approximately $525,000. Bailard Inc. bought a new position in shares of Shore Bancshares in the first quarter worth approximately $210,000. Segall Bryant & Hamill LLC purchased a new position in shares of Shore Bancshares in the first quarter worth $1,644,000. Massachusetts Financial Services Co. MA bought a new stake in Shore Bancshares during the 1st quarter valued at $713,000. Finally, CWM LLC raised its holdings in Shore Bancshares by 1.4% during the 1st quarter. CWM LLC now owns 59,878 shares of the bank's stock valued at $811,000 after buying an additional 843 shares during the last quarter. 59.76% of the stock is owned by hedge funds and other institutional investors.
Shore Bancshares Trading Down 1.7%
SHBI traded down $0.27 during midday trading on Friday, reaching $15.24. 195,174 shares of the company's stock traded hands, compared to its average volume of 177,962. Shore Bancshares Inc has a 52 week low of $11.47 and a 52 week high of $17.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day moving average of $15.54 and a two-hundred day moving average of $14.79. The stock has a market capitalization of $508.56 million, a price-to-earnings ratio of 9.47 and a beta of 0.97.
Shore Bancshares (NASDAQ:SHBI - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.10. Shore Bancshares had a return on equity of 11.10% and a net margin of 15.98%. The company had revenue of $56.57 million during the quarter, compared to the consensus estimate of $53.77 million. On average, equities analysts anticipate that Shore Bancshares Inc will post 1.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Shore Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.
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Shore Bancshares 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.
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