Shore Bancshares (SHBI) Given News Sentiment Rating of 0.09

News coverage about Shore Bancshares (NASDAQ:SHBI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news 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 media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.0782449282749 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shore Bancshares (SHBI) traded up $0.05 during trading hours on Monday, hitting $17.47. The stock had a trading volume of 34,300 shares, compared to its average volume of 30,261. The firm has a market cap of $221.66, a P/E ratio of 19.41 and a beta of 0.13. Shore Bancshares has a fifty-two week low of $13.94 and a fifty-two week high of $17.92.

Shore Bancshares (NASDAQ:SHBI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $16.75 million during the quarter. Shore Bancshares had a return on equity of 7.20% and a net margin of 17.61%.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Tuesday, November 14th. This is an increase from Shore Bancshares’s previous quarterly dividend of $0.05. Shore Bancshares’s payout ratio is 31.82%.

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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.

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