Shore Bancshares (SHBI) Projected to Post Earnings on Thursday

Shore Bancshares (NASDAQ:SHBI - Get Free Report) is projected to release its Q2 2025 earnings data 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 posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. Shore Bancshares had a net margin of 14.91% and a return on equity of 10.44%. The firm had revenue of $53.03 million for the quarter, compared to the consensus estimate of $50.78 million. 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 Trading Up 0.9%

NASDAQ SHBI opened at $16.38 on Thursday. Shore Bancshares has a 12 month low of $11.47 and a 12 month 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 company has a market capitalization of $546.60 million, a price-to-earnings ratio of 10.99 and a beta of 0.97. The company's fifty day moving average price is $15.23 and its two-hundred day moving average price is $14.73.

Shore Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were issued a $0.12 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.93%. Shore Bancshares's dividend payout ratio (DPR) is presently 32.21%.

Insider Buying and Selling

In related news, Director Konrad Wayson bought 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were purchased 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. This represents a 9.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 6,250 shares of company stock worth $89,468. 8.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shore Bancshares

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Shore Bancshares by 599.2% in the first quarter. AQR Capital Management LLC now owns 112,259 shares of the bank's stock worth $1,520,000 after buying an additional 96,204 shares during the period. Empowered Funds LLC raised its position in shares of Shore Bancshares by 126.5% in the first quarter. Empowered Funds LLC now owns 78,095 shares of the bank's stock valued at $1,057,000 after purchasing an additional 43,613 shares during the period. Jane Street Group LLC bought a new position in shares of Shore Bancshares in the first quarter valued at approximately $545,000. Goldman Sachs Group Inc. raised its position in shares of Shore Bancshares by 18.6% in the first quarter. Goldman Sachs Group Inc. now owns 219,494 shares of the bank's stock valued at $2,972,000 after purchasing an additional 34,453 shares during the period. Finally, Royal Bank of Canada increased its position in Shore Bancshares by 21.8% during the first 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. Institutional investors own 59.76% of the company's stock.

Shore Bancshares Company Profile

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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