Shore Bancshares (SHBI) Scheduled to Post Earnings on Thursday

Shore Bancshares (NASDAQ:SHBI - Get Free Report) is set to post its quarterly earnings results on Thursday, April 25th.

Shore Bancshares (NASDAQ:SHBI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Shore Bancshares had a return on equity of 6.47% and a net margin of 5.82%. The business had revenue of $49.15 million for the quarter, compared to analyst estimates of $51.20 million. On average, analysts expect Shore Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shore Bancshares Trading Up 0.2 %

Shares of Shore Bancshares stock traded up $0.02 during trading hours on Wednesday, hitting $10.67. The company's stock had a trading volume of 90,403 shares, compared to its average volume of 80,286. Shore Bancshares has a twelve month low of $9.66 and a twelve month high of $14.51. The firm has a fifty day moving average of $11.05 and a 200-day moving average of $11.83. The stock has a market cap of $354.36 million, a price-to-earnings ratio of 16.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92.

Shore Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Monday, February 12th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Friday, February 9th. Shore Bancshares's dividend payout ratio (DPR) is presently 73.85%.

Insider Activity at Shore Bancshares

In other news, Director Dawn M. Willey acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $11.02 per share, for a total transaction of $110,200.00. Following the acquisition, the director now owns 17,500 shares of the company's stock, valued at $192,850. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director David S. Jones acquired 8,043 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $11.01 per share, for a total transaction of $88,553.43. Following the acquisition, the director now owns 35,235 shares of the company's stock, valued at $387,937.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dawn M. Willey acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $11.02 per share, for a total transaction of $110,200.00. Following the acquisition, the director now directly owns 17,500 shares in the company, valued at approximately $192,850. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 19,121 shares of company stock worth $211,067. 8.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com raised Shore Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. TheStreet lowered Shore Bancshares from a "b-" rating to a "c+" rating in a research note on Thursday, February 29th.

About Shore Bancshares

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.