Public Employees Retirement System of Ohio Has $490,000 Position in Shore Bancshares Inc (SHBI)
Public Employees Retirement System of Ohio maintained its stake in shares of Shore Bancshares Inc (NASDAQ:SHBI) during the first quarter, according to its most recent filing with the SEC. The firm owned 29,339 shares of the bank’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Shore Bancshares were worth $490,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of SHBI. Wellington Management Group LLP boosted its stake in shares of Shore Bancshares by 38.4% in the first quarter. Wellington Management Group LLP now owns 1,233,265 shares of the bank’s stock valued at $20,608,000 after buying an additional 342,468 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Shore Bancshares by 183.3% in the first quarter. JPMorgan Chase & Co. now owns 79,206 shares of the bank’s stock valued at $1,324,000 after buying an additional 51,248 shares during the period. Bowling Portfolio Management LLC acquired a new stake in shares of Shore Bancshares during the first quarter valued at approximately $818,000. Russell Investments Group Ltd. acquired a new stake in shares of Shore Bancshares during the fourth quarter valued at approximately $731,000. Finally, Oxford Asset Management acquired a new stake in shares of Shore Bancshares during the first quarter valued at approximately $779,000. 68.18% of the stock is owned by institutional investors and hedge funds.
Shares of Shore Bancshares Inc (NASDAQ:SHBI) traded up 0.12% during mid-day trading on Friday, hitting $16.80. The stock had a trading volume of 18,337 shares. The stock has a market capitalization of $213.11 million, a price-to-earnings ratio of 21.16 and a beta of 0.21. Shore Bancshares Inc has a 12-month low of $11.42 and a 12-month high of $17.92. The stock’s 50-day moving average price is $16.79 and its 200-day moving average price is $16.63.
Shore Bancshares (NASDAQ:SHBI) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Shore Bancshares had a net margin of 16.85% and a return on equity of 6.70%. The firm had revenue of $15.08 million during the quarter. On average, equities analysts anticipate that Shore Bancshares Inc will post $0.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, August 10th. Shore Bancshares’s dividend payout ratio is currently 25.00%.
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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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