NASDAQ:SHBI - Shore Bancshares Stock Price, Forecast & News

Shore Bancshares trades on the NASDAQ under the ticker symbol "SHBI."

Shore Bancshares announced a quarterly dividend on Wednesday, November 6th. Investors of record on Saturday, November 16th will be given a dividend of $0.12 per share on Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Shore Bancshares's previous quarterly dividend of $0.10. View Shore Bancshares' Dividend History.

Shore Bancshares, Inc. (NASDAQ:SHBI) released its quarterly earnings data on Thursday, October, 24th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The bank earned $15.21 million during the quarter. Shore Bancshares had a net margin of 29.00% and a return on equity of 12.90%. View Shore Bancshares' Earnings History.

Shore Bancshares is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Shore Bancshares.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shore Bancshares in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shore Bancshares.

News stories about SHBI stock have trended negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shore Bancshares earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next few days. View News Stories for Shore Bancshares.

Shore Bancshares saw a decline in short interest in December. As of December 31st, there was short interest totalling 41,800 shares, a decline of 14.7% from the December 15th total of 49,000 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.3% of the company's shares are sold short. View Shore Bancshares' Current Options Chain.

Some companies that are related to Shore Bancshares include CBTX (CBTX), Camden National (CAC), Bancorp (TBBK), Nicolet Bankshares (NCBS), First of Long Island (FLIC), Bridge Bancorp (BDGE), First Bancshares (FBMS), Hanmi Financial (HAFC), Arrow Financial (AROW), Financial Institutions (FISI), American National BankShares (AMNB), Guaranty Bancshares (GNTY), Peoples Financial Services (PFIS), First Bancorp (FNLC) and SmartFinancial (SMBK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Shore Bancshares investors own include Diversified Healthcare Trust (DHC), Sabre (SABR), Sabra Health Care REIT (SBRA), Sirius XM (SIRI), SLM (SLM), Uniti Group (UNIT), Wendys (WEN), Zynga (ZNGA), Pure Storage (PSTG) and QEP Resources (QEP).

Shore Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional investors include Gilman Hill Asset Management LLC (0.38%). View Institutional Ownership Trends for Shore Bancshares.

SHBI stock was sold by a variety of institutional investors in the last quarter, including Gilman Hill Asset Management LLC. View Insider Buying and Selling for Shore Bancshares.

Shares of SHBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SHBI stock can currently be purchased for approximately $16.39.

Shore Bancshares has a market capitalization of $207.96 million and generates $87 million in revenue each year. Shore Bancshares employs 292 workers across the globe.View Additional Information About Shore Bancshares.

The official website for Shore Bancshares is http://www.shoreunitedbank.com/.

Shore Bancshares' mailing address is 28969 INFORMATION LANE, EASTON MD, 21601. The bank can be reached via phone at 410-763-7800 or via email at [email protected]