Shore Bancshares, Inc. (NASDAQ:SHBI) shares reached a new 52-week low on Thursday . The company traded as low as $14.87 and last traded at $15.32, with a volume of 764 shares trading hands. The stock had previously closed at $15.27.

The stock has a market cap of $194.30 million, a price-to-earnings ratio of 11.91 and a beta of 0.33.

Shore Bancshares (NASDAQ:SHBI) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Shore Bancshares had a net margin of 21.52% and a return on equity of 9.80%. The company had revenue of $17.66 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Thursday, November 15th. This is a positive change from Shore Bancshares’s previous quarterly dividend of $0.08.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Shore Bancshares by 4.9% in the 2nd quarter. BlackRock Inc. now owns 781,452 shares of the bank’s stock worth $14,863,000 after purchasing an additional 36,438 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Shore Bancshares by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 359,300 shares of the bank’s stock worth $6,834,000 after purchasing an additional 17,000 shares in the last quarter. Bailard Inc. increased its holdings in shares of Shore Bancshares by 15.3% in the 3rd quarter. Bailard Inc. now owns 37,600 shares of the bank’s stock worth $670,000 after purchasing an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Shore Bancshares by 12.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 396,754 shares of the bank’s stock worth $7,546,000 after purchasing an additional 45,317 shares in the last quarter. Finally, EJF Capital LLC bought a new stake in shares of Shore Bancshares in the 2nd quarter worth $4,755,000. 67.54% of the stock is owned by institutional investors.

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About Shore Bancshares (NASDAQ:SHBI)

Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.

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