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Shore Bancshares (NASDAQ:SHBI) CFO George Stephen Rapp purchased 2,400 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $19,800.00. Following the completion of the transaction, the chief financial officer now directly owns 6,330 shares of the company’s stock, valued at approximately $52,223. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Zacks downgraded shares of Shore Bancshares from an “outperform” rating to a “neutral” rating in a research note on Monday, March 10th. They now have a $10.60 price target on the stock.

Shore Bancshares (NASDAQ:SHBI) traded down 2.14% on Thursday, hitting $9.59. 27,391 shares of the company’s stock traded hands. Shore Bancshares has a 1-year low of $6.81 and a 1-year high of $10.49. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $9.34. The company’s market cap is $81.3 million.

Shore Bancshares (NASDAQ:SHBI) last announced its earnings results on Thursday, April 24th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.03. On average, analysts predict that Shore Bancshares will post $0.61 earnings per share for the current fiscal year.

Shore Bancshares, Inc is a financial holding company. The Company engages in the banking business through The Centreville National Bank (NASDAQ:SHBI) with commercial banking powers, The Talbot Bank of Easton (Talbot Bank) and The Felton Bank (Felton Bank) (together with CNB and Talbot Bank, the Banks).

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