Shore Bancshares (SHBI) Scheduled to Post Earnings on Thursday

Shore Bancshares (NASDAQ:SHBI) is scheduled to be releasing its earnings data on Thursday, April 25th.

Shore Bancshares (NASDAQ:SHBI) last announced its earnings results on Wednesday, January 31st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $49.15 million for the quarter, compared to analysts’ expectations of $51.20 million. Shore Bancshares had a return on equity of 6.47% and a net margin of 5.82%. On average, analysts expect Shore Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shore Bancshares Stock Up 0.7 %

Shares of NASDAQ:SHBI opened at $10.65 on Wednesday. The stock has a market cap of $353.69 million, a price-to-earnings ratio of 16.38 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. Shore Bancshares has a 12-month low of $9.66 and a 12-month high of $14.51. The business’s 50 day moving average is $11.05 and its 200 day moving average is $11.83.

Shore Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 9th. This represents a $0.48 dividend on an annualized basis and a yield of 4.51%. Shore Bancshares’s dividend payout ratio (DPR) is currently 73.85%.

Insider Buying and Selling at Shore Bancshares

In other news, Director David S. Jones bought 8,043 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $11.01 per share, for a total transaction of $88,553.43. Following the completion of the purchase, the director now directly owns 35,235 shares in the company, valued at approximately $387,937.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director David S. Jones bought 8,043 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $11.01 per share, for a total transaction of $88,553.43. Following the completion of the purchase, the director now directly owns 35,235 shares in the company, valued at approximately $387,937.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn M. Willey bought 10,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $11.02 per share, for a total transaction of $110,200.00. Following the completion of the purchase, the director now owns 17,500 shares of the company’s stock, valued at $192,850. The disclosure for this purchase can be found here. Insiders have bought a total of 19,121 shares of company stock worth $211,067 over the last ninety days. 8.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SHBI has been the topic of a number of recent analyst reports. StockNews.com upgraded Shore Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. TheStreet lowered Shore Bancshares from a “b-” rating to a “c+” rating in a report on Thursday, February 29th.

About Shore Bancshares

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.