News stories about Shore Bancshares (NASDAQ:SHBI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Shore Bancshares earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the bank an impact score of 47.6474865184801 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shore Bancshares (NASDAQ:SHBI) traded down $0.17 during trading hours on Wednesday, reaching $17.19. 34,300 shares of the company’s stock were exchanged, compared to its average volume of 26,712. The firm has a market capitalization of $220.27, a PE ratio of 19.31 and a beta of 0.24. Shore Bancshares has a 52 week low of $15.17 and a 52 week high of $19.30.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, February 14th. Shore Bancshares’s dividend payout ratio is presently 31.46%.
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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