Shore Bancshares, Inc. (SHBI) Declares $0.05 Quarterly Dividend
Shore Bancshares, Inc. (NASDAQ:SHBI) declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Monday, May 15th will be given a dividend of 0.05 per share by the bank on Wednesday, May 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 11th.
Shore Bancshares (NASDAQ:SHBI) traded up 1.10% on Thursday, hitting $16.59. The stock had a trading volume of 26,076 shares. The stock’s 50-day moving average is $16.68 and its 200 day moving average is $15.63. The firm has a market capitalization of $210.25 million, a price-to-earnings ratio of 21.05 and a beta of 0.35. Shore Bancshares has a 1-year low of $10.23 and a 1-year high of $17.92.
Shore Bancshares (NASDAQ:SHBI) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $14.74 million for the quarter. Shore Bancshares had a return on equity of 6.32% and a net margin of 16.82%. On average, equities research analysts predict that Shore Bancshares will post $0.95 earnings per share for the current fiscal year.
Shore Bancshares Company Profile
Shore Bancshares, Inc is a financial holding company. The Company acts as the parent company to several financial institution and insurance entities. The Company has two business segments: Community Banking, and Insurance Products and Services. Its Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware.
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