Shore Bancshares CEO Buys $16,500 in Stock (SHBI)
Shore Bancshares (NASDAQ:SHBI) CEO Lloyd L. Beatty, Jr. bought 2,000 shares of Shore Bancshares stock on the open market in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $8.25 per share, for a total transaction of $16,500.00. Following the acquisition, the chief executive officer now directly owns 46,612 shares in the company, valued at approximately $384,549. The purchase was disclosed in a legal filing with the SEC, 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.
Shares of Shore Bancshares (NASDAQ:SHBI) remained flat at $9.59 during during mid-day trading trading on Friday. Shore Bancshares has a 52-week low of $6.81 and a 52-week high of $10.49. The stock has a 50-day moving average of $9.40 and a 200-day moving average of $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 (EPS) for the quarter, beating the 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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