Shore Bancshares (SHBI) to Release Quarterly Earnings on Thursday

Shore Bancshares (NASDAQ:SHBI) is scheduled to be announcing its earnings results on Thursday, April 25th.

Shore Bancshares (NASDAQ:SHBI) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Shore Bancshares had a return on equity of 6.47% and a net margin of 5.82%. The firm had revenue of $49.15 million during the quarter, compared to analyst estimates of $51.20 million. On average, analysts expect Shore Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shore Bancshares Stock Performance

Shares of Shore Bancshares stock opened at $10.65 on Wednesday. Shore Bancshares has a one year low of $9.66 and a one year high of $14.51. The firm has a market capitalization of $353.69 million, a price-to-earnings ratio of 16.38 and a beta of 0.93. The business has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $11.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.92.

Shore Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, February 9th. Shore Bancshares’s payout ratio is 73.85%.

Insiders Place Their Bets

In related news, Director David S. Jones acquired 8,043 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $11.01 per share, with a total value of $88,553.43. Following the acquisition, the director now owns 35,235 shares of the company’s stock, valued at approximately $387,937.35. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other Shore Bancshares news, Director Dawn M. Willey bought 10,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $11.02 per share, for a total transaction of $110,200.00. Following the purchase, the director now directly owns 17,500 shares of the company’s stock, valued at $192,850. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David S. Jones bought 8,043 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $11.01 per share, for a total transaction of $88,553.43. Following the purchase, the director now directly owns 35,235 shares in the company, valued at $387,937.35. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 19,121 shares of company stock valued at $211,067. Corporate insiders own 8.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SHBI. TheStreet lowered Shore Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. StockNews.com raised Shore Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st.

Shore Bancshares Company Profile

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.