Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Shore Bancshares (SHBI) Stock Price
News stories about Shore Bancshares (NASDAQ:SHBI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shore Bancshares earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.7584517977591 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Shore Bancshares (NASDAQ SHBI) opened at 16.49 on Friday. The stock has a market capitalization of $209.19 million, a PE ratio of 20.77 and a beta of 0.21. The firm has a 50-day moving average of $16.67 and a 200 day moving average of $16.67. Shore Bancshares has a 52-week low of $11.42 and a 52-week high of $17.92.
Shore Bancshares (NASDAQ:SHBI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Shore Bancshares had a net margin of 16.85% and a return on equity of 6.65%. The company had revenue of $15.08 million for the quarter. Equities research analysts forecast that Shore Bancshares will post $0.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, August 10th. Shore Bancshares’s dividend payout ratio is presently 25.00%.
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Shore Bancshares Company Profile
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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