Shore Bancshares (SHBI) Expected to Announce Quarterly Earnings on Wednesday

Shore Bancshares (NASDAQ:SHBI - Get Free Report) is expected to release its earnings data 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 Trading Down 1.1 %

Shares of NASDAQ:SHBI traded down $0.18 during trading hours on Wednesday, hitting $15.55. 74,627 shares of the company's stock traded hands, compared to its average volume of 90,558. The business has a fifty day moving average price of $16.14 and a 200-day moving average price of $14.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.93. Shore Bancshares has a 1 year low of $10.06 and a 1 year high of $17.61. The firm has a market capitalization of $518.28 million, a P/E ratio of 12.44 and a beta of 0.97.

Shore Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, November 12th. Shore Bancshares's dividend payout ratio (DPR) is 38.40%.

Insider Activity

In other news, Director Konrad Wayson bought 3,000 shares of the stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $16.94 per share, with a total value of $50,820.00. Following the purchase, the director now directly owns 53,266 shares in the company, valued at $902,326.04. The trade was a 5.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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 upped their price target for the stock from $16.00 to $20.00 in a research report on Wednesday, December 4th.

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.