Shore Bancshares Inc (SHBI) to Issue Quarterly Dividend of $0.05

Shore Bancshares Inc (NASDAQ:SHBI) declared a quarterly dividend on Thursday, August 3rd, Fidelity reports. Investors of record on Monday, August 14th will be given a dividend of 0.05 per share by the bank on Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, August 10th.

Shore Bancshares (NASDAQ:SHBI) traded down 0.56% during trading on Friday, hitting $16.09. The company had a trading volume of 24,875 shares. The company’s 50 day moving average price is $16.72 and its 200-day moving average price is $16.68. Shore Bancshares has a 12 month low of $11.42 and a 12 month high of $17.92. The company has a market cap of $204.12 million, a PE ratio of 20.26 and a beta of 0.21.

Shore Bancshares (NASDAQ:SHBI) last posted its earnings results on Thursday, July 20th. The bank reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. Shore Bancshares had a return on equity of 6.65% and a net margin of 16.85%. The firm had revenue of $15.08 million during the quarter. Equities analysts expect that Shore Bancshares will post $0.93 earnings per share for the current year.

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About Shore Bancshares

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.

Dividend History for Shore Bancshares (NASDAQ:SHBI)

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