Shore Bancshares Inc (NASDAQ:SHBI):
Shore United Bank Opens New Office in Onley, Virginia.
The company is so far trading up by 0.42% percent from yesterday’s close.
Additionally Shore Bancshares Inc recently declared a dividend paid on Thursday the 31st of August 2017. The dividend was $0.050 per share for the quarter or $0.20 on an annualized basis. This dividend amount was represent a yeild of $1.23. The ex-dividend date was set for Thursday the 10th of August 2017.
Shore Bancshares, Inc., launched on March 15, 1996, 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. The Business’s Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware. The Company is involved in the banking business through CNB, a Maryland commercial bank with trust powers and The Talbot Bank of Easton, a Maryland commercial bank (the Banks). The Business’s Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Business’s market areas. The Company is involved in the insurance business through an insurance producer, The Avon-Dixon Agency, LLC, a Maryland limited liability company, with approximately two specialty lines, trading as Elliot Wilson Insurance (Trucking) and Jack Martin & Associates (Marine), as well as an insurance premium finance company, Mubell Finance, LLC (collectively Insurance Subsidiaries). The Banks operate approximately 20 full service branches and 20 automated teller machines (ATMs). The Banks provide a range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Kent County, Queen Anne’s County, Caroline County, Talbot County and Dorchester County in Maryland and in Kent County, Delaware..
Company chares are trading at $16.56 which is a tad under the 50 day moving average of $16.59 and which is slightly below the 200 day moving average of $16.62. The 50 day moving average went down $-0.03 or -0.18% and the 200 day average went down by -0.37%.
The P/E ratio is currently 20.86 and market cap is 210.08M. In the last earnings report the EPS was $0.79 and is expected to be $0.93 for the current year with 12,686,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.27 and the next full year EPS is projected to be $1.35.
Traders are feeling more bearish on Shore Bancshares Inc recently if you take note of the motion in short interest. The company recorded a rise in short interest between July 31, 2017 and August 15, 2017 of 23.16%. Short interest increased 14,029 over that period. The days to cover increased to 4.0 and the percentage of shorted shares was 0.01% on August 15.