Shore Bancshares (SHBI) Projected to Post Earnings on Wednesday

Shore Bancshares (NASDAQ:SHBIGet Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Shore Bancshares to post earnings of $0.35 per share and revenue of $43,450.00 billion for the quarter.

Shore Bancshares Price Performance

Shares of SHBI opened at $15.57 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 0.94. Shore Bancshares has a fifty-two week low of $10.06 and a fifty-two week high of $17.61. The firm has a 50-day simple moving average of $16.09 and a 200-day simple moving average of $14.76. The company has a market capitalization of $518.95 million, a price-to-earnings ratio of 12.46 and a beta of 0.97.

Shore Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.48 dividend on an annualized basis and a yield of 3.08%. Shore Bancshares’s payout ratio is 38.40%.

Insider Transactions at Shore Bancshares

In other Shore Bancshares news, Director Konrad Wayson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $16.94 per share, for a total transaction of $50,820.00. Following the completion of the purchase, the director now directly owns 53,266 shares in the company, valued at $902,326.04. This represents a 5.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Shore Bancshares from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $16.00 to $20.00 in a report on Wednesday, December 4th.

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Shore Bancshares Company Profile

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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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Earnings History for Shore Bancshares (NASDAQ:SHBI)

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