Shore Bancshares Inc (SHBI) to Issue Quarterly Dividend of $0.12 on March 18th

Shore Bancshares Inc (NASDAQ:SHBI) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of 0.12 per share by the bank on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, March 4th.

Shore Bancshares has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shore Bancshares to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 26.4%.

Shore Bancshares Trading Down 0.6%

Shares of NASDAQ:SHBI opened at $19.54 on Friday. Shore Bancshares has a 12-month low of $11.47 and a 12-month high of $20.68. The business has a 50 day moving average of $18.67 and a 200-day moving average of $17.24. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $653.22 million, a PE ratio of 10.98 and a beta of 0.92.

Shore Bancshares (NASDAQ:SHBI) last released its quarterly earnings results on Wednesday, January 28th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $59.20 million during the quarter, compared to the consensus estimate of $57.55 million. Shore Bancshares had a return on equity of 11.62% and a net margin of 17.36%. As a group, equities research analysts forecast that Shore Bancshares will post 1.59 earnings per share for the current year.

Shore Bancshares Company Profile

Shore Bancshares, Inc (NASDAQ: SHBI) is the bank holding company for Shore Community Bank, a commercial bank headquartered in Mount Holly, New Jersey. The company provides a full suite of banking and financial services to individuals and businesses, including deposit accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Shore Bancshares focuses on delivering community-oriented banking services with an emphasis on personalized customer relationships.

Shore Community Bank’s lending portfolio includes commercial real estate, construction loans, agricultural loans, small business loans under government-sponsored programs, and conventional residential mortgages.