Shore Bancshares Inc (NASDAQ:SHBI) is expected to pay $0.05 on Nov 30, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Shore Bancshares Inc’s current price of $13.09, the dividend is 0.38%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 4, 2016. The stock increased 3.40% or $0.43 during the last trading session, hitting $13.09. Shore Bancshares, Inc. (NASDAQ:SHBI) has risen 1.77% since April 5, 2016 and is uptrending. It has underperformed by 0.19% the S&P500.
Shore Bancshares, Inc. is a financial holding company. The company has a market cap of $160.56 million. The Firm acts as the parent firm to several financial institution and insurance entities. It has a 17.81 P/E ratio. The Firm has two business divisions: Community Banking, and Insurance Products and Services.
Insitutional Activity: The institutional sentiment decreased to 1.89 in Q2 2016. Its down 0.28, from 2.17 in 2016Q1. The ratio turned negative, as 10 funds sold all Shore Bancshares, Inc. shares owned while 9 reduced positions. 17 funds bought stakes while 19 increased positions. They now own 7.66 million shares or 5.61% more from 7.25 million shares in 2016Q1.
Gilman Hill Asset Mgmt Ltd Llc has 0.28% invested in the company for 58,337 shares. Globeflex Cap L P last reported 0% of its portfolio in the stock. Gendell Jeffrey L holds 0.31% or 128,095 shares in its portfolio. Corbyn Md accumulated 0.85% or 223,029 shares. Moreover, Fj Cap Mgmt Ltd Liability has 1.44% invested in Shore Bancshares, Inc. (NASDAQ:SHBI) for 619,000 shares. Blackrock Inv Mngmt Ltd Liability Corporation holds 49,925 shares or 0% of its portfolio. Renaissance Limited Liability Com holds 204,000 shares or 0% of its portfolio. Summit Secs Grp Inc Ltd Co has invested 0.19% of its portfolio in Shore Bancshares, Inc. (NASDAQ:SHBI). Elizabeth Park Capital Advisors has 1.3% invested in the company for 260,301 shares. Blackrock Fund Advisors last reported 327,986 shares in the company. Schwab Charles has invested 0% of its portfolio in Shore Bancshares, Inc. (NASDAQ:SHBI). Banc Funds Limited Liability, a Illinois-based fund reported 636,970 shares. Bnp Paribas Arbitrage Sa last reported 496 shares in the company. Brown Advisory accumulated 0.01% or 212,276 shares. Wellington Management Gp Ltd Liability Partnership holds 0% or 987,361 shares in its portfolio.
Insider Transactions: Since July 29, 2016, the stock had 2 insider buys, and 0 selling transactions for $35,206 net activity. SPURRY CHRISTOPHER F also bought $11,820 worth of Shore Bancshares, Inc. (NASDAQ:SHBI) on Friday, July 29. BEATTY LLOYD L JR bought 2,000 shares worth $23,386.
More important recent Shore Bancshares, Inc. (NASDAQ:SHBI) news were published by: Prnewswire.com which released: “Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share” on November 03, 2016, also Marketwatch.com published article titled: “Shore Bancshares downgraded to neutral from outperform t Boenning & Scattergood”, Prnewswire.com published: “Shore Bancshares Reports Third Quarter and Nine-Month Results” on October 20, 2016. More interesting news about Shore Bancshares, Inc. (NASDAQ:SHBI) was released by: Prnewswire.com and their article: “Shore Bancshares Announces Consolidation of Banking Subsidiaries and Unified …” with publication date: July 01, 2016.
SHBI Company Profile
Shore Bancshares, Inc., incorporated on March 15, 1996, is a financial holding company. The Firm acts as the parent firm to several financial institution and insurance entities. The Firm has two business divisions: Community Banking, and Insurance Products and Services. The Company’s Community Banking segment provides services to clients and small businesses on the Eastern Shore of Maryland and in Delaware. The Firm is engaged 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 Company’s Insurance Products and Services segment provides a range of insurance services and products to businesses and clients in the Company’s market areas. The Firm is engaged 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 services and products 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.
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