Shore Bancshares (NASDAQ:SHBI - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect Shore Bancshares to post earnings of $0.41 per share and revenue of $53.77 million for the quarter.
Shore Bancshares (NASDAQ:SHBI - Get Free Report) last announced 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 analysts' expectations of $50.78 million. Shore Bancshares had a net margin of 14.91% and a return on equity of 10.44%. On average, analysts expect Shore Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shore Bancshares Price Performance
Shares of Shore Bancshares stock traded up $0.01 during mid-day trading on Friday, reaching $16.70. 137,996 shares of the stock were exchanged, compared to its average volume of 139,195. The company has a market cap of $557.28 million, a price-to-earnings ratio of 11.21 and a beta of 0.97. 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 firm has a 50-day simple moving average of $15.31 and a 200 day simple moving average of $14.73. Shore Bancshares has a fifty-two week low of $11.47 and a fifty-two week high of $17.61.
Shore Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.48 dividend on an annualized basis and a yield of 2.87%. Shore Bancshares's payout ratio is presently 32.21%.
Insider Activity at Shore Bancshares
In other Shore Bancshares news, Director Konrad Wayson acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $14.25 per share, for a total transaction of $71,250.00. Following the transaction, the director owned 59,328 shares of the company's stock, valued at $845,424. This trade represents a 9.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders bought 6,250 shares of company stock valued at $89,468. Corporate insiders own 8.69% of the company's stock.
Institutional Investors Weigh In On Shore Bancshares
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Shore Bancshares by 21.8% during the 1st quarter. Royal Bank of Canada now owns 23,168 shares of the bank's stock worth $314,000 after acquiring an additional 4,154 shares during the period. AQR Capital Management LLC boosted its stake in shares of Shore Bancshares by 599.2% during the 1st quarter. AQR Capital Management LLC now owns 112,259 shares of the bank's stock worth $1,520,000 after acquiring an additional 96,204 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Shore Bancshares by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,226 shares of the bank's stock worth $247,000 after acquiring an additional 780 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Shore Bancshares by 18.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 219,494 shares of the bank's stock worth $2,972,000 after acquiring an additional 34,453 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Shore Bancshares by 126.5% during the 1st quarter. Empowered Funds LLC now owns 78,095 shares of the bank's stock worth $1,057,000 after acquiring an additional 43,613 shares during the period. Institutional investors own 59.76% of the company's stock.
About Shore Bancshares
(
Get 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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