News headlines about Shore Bancshares (NASDAQ:SHBI) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shore Bancshares earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.3141220723087 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shore Bancshares (SHBI) traded down $0.15 during trading on Friday, hitting $16.70. The company had a trading volume of 17,740 shares, compared to its average volume of 29,912. The stock has a market cap of $211.89, a P/E ratio of 18.98 and a beta of 0.13. Shore Bancshares has a 52 week low of $14.64 and a 52 week high of $18.49.
Shore Bancshares (NASDAQ:SHBI) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Shore Bancshares had a return on equity of 7.20% and a net margin of 17.61%. The company had revenue of $16.75 million for the quarter.
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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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