NASDAQ:SHBIShore Bancshares Stock Price, Forecast & News

Shore Bancshares' stock was trading at $11.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHBI shares have decreased by 6.1% and is now trading at $10.58.
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Shore Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Shore Bancshares.

Shore Bancshares, Inc. (NASDAQ:SHBI) released its earnings results on Thursday, July, 23rd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.22 by $0.21. The bank earned $15.80 million during the quarter, compared to the consensus estimate of $14.90 million. Shore Bancshares had a net margin of 23.83% and a return on equity of 8.59%.
View Shore Bancshares' earnings history.

Shore Bancshares declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Saturday, August 15th will be given a dividend of $0.12 per share on Monday, August 31st. This represents a $0.48 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, August 13th.
View Shore Bancshares' dividend history.

News articles about SHBI stock have been trending negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shore Bancshares earned a news impact score of -2.7 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Shore Bancshares.

Shore Bancshares saw a increase in short interest in January. As of January 31st, there was short interest totaling 47,900 shares, an increase of 21.0% from the January 15th total of 39,600 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.4% of the company's shares are sold short.
View Shore Bancshares' Short Interest.

Some companies that are related to Shore Bancshares include CBTX (CBTX), Arrow Financial (AROW), Bridge Bancorp (BDGE), First of Long Island (FLIC), Hanmi Financial (HAFC), Guaranty Bancshares (GNTY), Financial Institutions (FISI), Peoples Financial Services (PFIS), American National BankShares (AMNB), Bat Group (GLG), First Bancorp (FNLC), SmartFinancial (SMBK), Southern First Bancshares (SFST), DNB Financial (DNBF) and LCNB (LCNB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shore Bancshares investors own include Pure Storage (PSTG), Main Street Capital (MAIN), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), General Motors (GM), Ring Energy (REI), Ring Energy (REI), Toll Brothers (TOL), Vector Group (VGR) and Vista Outdoor (VSTO).

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

Shore Bancshares' stock is owned by a number of institutional and retail investors. Top institutional investors include Fourthstone LLC (9.96%), Russell Investments Group Ltd. (1.38%), LSV Asset Management (1.23%), EJF Capital LLC (1.17%), Bank of New York Mellon Corp (0.79%) and Bank of America Corp DE (0.25%). Company insiders that own Shore Bancshares stock include Donna J Stevens, Jr Charles E Ruch, Lloyd L Beatty, Jr and Michael T Cavey.
View institutional ownership trends for Shore Bancshares.

SHBI stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, LSV Asset Management, New York State Common Retirement Fund, UBS Group AG, and California Public Employees Retirement System.
View insider buying and selling activity for Shore Bancshares.

SHBI stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Ancora Advisors LLC, Bank of America Corp DE, Bailard Inc., Fourthstone LLC, Bank of New York Mellon Corp, Bank of Montreal Can, and Strs Ohio. Company insiders that have bought Shore Bancshares stock in the last two years include Donna J Stevens, Lloyd L Beatty, Jr, and Michael T Cavey.
View insider buying and selling activity 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 $10.58.

Shore Bancshares has a market capitalization of $132.54 million and generates $69.79 million in revenue each year. The bank earns $16.20 million in net income (profit) each year or $1.28 on an earnings per share basis. Shore Bancshares employs 292 workers across the globe.

The official website for Shore Bancshares is 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]