7 hours Ago By Defense World Staff
Russell Investments Group Ltd. increased its holdings in Shore Bancshares, Inc. ( NASDAQ:SHBI – Free Report ) by 43,326.
3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,251 shares of the bank’s stock after purchasing an additional 8,232 shares during the period. Russell Investments Group Ltd.
’s holdings in Shore Bancshares were worth $131,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Shore Bancshares by 1.
9% in the third quarter. Geode Capital Management LLC now owns 712,895 shares of the bank’s stock worth $9,976,000 after buying an additional 13,445 shares in the last quarter. State Street Corp lifted its stake in Shore Bancshares by 8.
5% in the 3rd quarter. State Street Corp now owns 537,140 shares of the bank’s stock worth $7,515,000 after purchasing an additional 41,971 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Shore Bancshares during the 4th quarter valued at about $392,000.
Barclays PLC grew its position in shares of Shore Bancshares by 48.2% during the third quarter. Barclays PLC now owns 84,942 shares of the bank’s stock valued at $1,189,000 after purchasing an additional 27,627 shares in the last quarter.
Finally, American Century Companies Inc. increased its holdings in shares of Shore Bancshares by 45.7% in the fourth quarter.
American Century Companies Inc. now owns 469,182 shares of the bank’s stock worth $7,437,000 after purchasing an additional 147,148 shares during the last quarter. 59.
76% of the stock is currently owned by institutional investors. Analyst Ratings Changes Separately, Piper Sandler began coverage on Shore Bancshares in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.
00 price target for the company. Shore Bancshares Stock Performance Shares of NASDAQ:SHBI opened at $13.09 on Friday.
Shore Bancshares, Inc. has a 52 week low of $10.31 and a 52 week high of $17.
61. The company has a quick ratio of 0.93, a current ratio of 0.
94 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $436.
87 million, a P/E ratio of 9.84 and a beta of 0.86.
The firm has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $14.99.
Shore Bancshares ( NASDAQ:SHBI – Get Free Report ) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.
35 by $0.09. Shore Bancshares had a net margin of 13.
44% and a return on equity of 10.40%. On average, analysts expect that Shore Bancshares, Inc.
will post 1.59 earnings per share for the current fiscal year. Shore Bancshares Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th.
Investors of record on Thursday, February 13th were paid a $0.12 dividend. This represents a $0.
48 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 13th.
Shore Bancshares’s dividend payout ratio is currently 36.09%. Shore Bancshares Profile ( Free Report ) 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.
Further Reading Five stocks we like better than Shore Bancshares What is the Nasdaq? Complete Overview with History Short Sellers Gave Up on These 3 Names Recently How to Calculate Stock Profit 3 Boring Stocks Outperforming the Market This Year Comparing and Trading High PE Ratio Stocks If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Want to see what other hedge funds are holding SHBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shore Bancshares, Inc. ( NASDAQ:SHBI – Free Report ).
Receive News & Ratings for Shore Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shore Bancshares and related companies with MarketBeat.com's FREE daily email newsletter ..
