Somewhat Positive News Coverage Somewhat Unlikely to Impact Shore Bancshares (SHBI) Share Price

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Headlines about Shore Bancshares (NASDAQ:SHBI) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shore Bancshares earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.8404866111787 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Separately, BidaskClub raised Shore Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd.

Shares of Shore Bancshares stock opened at $19.02 on Friday. The firm has a market cap of $241.98 million, a price-to-earnings ratio of 17.76 and a beta of 0.24. Shore Bancshares has a fifty-two week low of $15.74 and a fifty-two week high of $20.09.

Shore Bancshares (NASDAQ:SHBI) last issued its earnings results on Thursday, April 19th. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $17.26 million during the quarter. Shore Bancshares had a return on equity of 8.39% and a net margin of 18.32%.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th were given a dividend of $0.08 per share. This is a boost from Shore Bancshares’s previous quarterly dividend of $0.07. The ex-dividend date was Monday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.68%.

About Shore Bancshares

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.

Insider Buying and Selling by Quarter for Shore Bancshares (NASDAQ:SHBI)

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