Shore Bancshares (SHBI) Receiving Somewhat Positive News Coverage, Study Finds
Headlines about Shore Bancshares (NASDAQ:SHBI) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shore Bancshares earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.5042489963635 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Shore Bancshares (NASDAQ SHBI) traded down 0.41% during mid-day trading on Friday, reaching $16.80. 580 shares of the company were exchanged. The stock has a market capitalization of $213.12 million, a P/E ratio of 21.16 and a beta of 0.19. Shore Bancshares has a 12 month low of $11.49 and a 12 month high of $17.92. The firm has a 50-day moving average price of $16.60 and a 200 day moving average price of $16.61.
Shore Bancshares (NASDAQ:SHBI) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $15.08 million for the quarter. Shore Bancshares had a net margin of 16.85% and a return on equity of 6.65%. Equities research analysts anticipate that Shore Bancshares will post $0.95 EPS for the current fiscal year.
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About Shore Bancshares
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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