Shore Bancshares (SHBI) Expected to Announce Earnings on Wednesday

Shore Bancshares (NASDAQ:SHBI) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $43,450.00 billion for the quarter.

Shore Bancshares Stock Performance

NASDAQ:SHBI opened at $15.82 on Tuesday. The company has a 50-day moving average of $16.09 and a 200-day moving average of $14.78. The firm has a market cap of $527.28 million, a price-to-earnings ratio of 12.66 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23. Shore Bancshares has a twelve month low of $10.06 and a twelve month high of $17.61.

Shore Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, November 12th. Shore Bancshares’s dividend payout ratio is presently 38.40%.

Insider Buying and Selling at Shore Bancshares

In other news, Director Konrad Wayson acquired 3,000 shares of the stock in a transaction 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 transaction, the director now owns 53,266 shares in the company, valued at approximately $902,326.04. This trade represents a 5.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised Shore Bancshares from a “market perform” rating to an “outperform” rating and upped their price target for the company from $16.00 to $20.00 in a 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.