Stock News in Focus: Shore Bancshares (NASDAQ:SHBI)

Shore Bancshares (NASDAQ:SHBI) stock identified change of 18.92% away from 52-week low price and recently located move of -20.62% off 52-week high price. It has market worth of $196.2M and dividend yield of 2.60%. SHBI stock has been recorded -2.90% away from 50 day moving average and -0.97% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.00% off 20-day moving average.

On Aug. 7, 2019, Shore Bancshares (NASDAQ:SHBI) released that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.10 per share, payable August 30, 2019 to stockholders of record on August 17, 2019.     

We are pleased to announce the continuation of our quarterly cash dividend of $0.10 per share, said Lloyd L. Scott Beatty, Jr., President and Chief Executive Officer.  We experienced positive results for the second quarter of 2019 and continue to see strong loan growth as we head into the last-half of 2019.

 The Financial sector company, Shore Bancshares noticed change of -0.06% to $15.4 along volume of 22974 shares in recent session compared to an average volume of 17.34K. The stock observed return of -6.10% in 5 days trading activity. The stock was at -5.35% over one month performance. SHBI’s shares are at -2.10% for the quarter and driving a -19.20% return over the course of the past year and is now at 5.91% since this point in 2018. 

 The average volatility for the week at 2.75% and for month was at 2.28%. There are 12.74M shares outstanding and 12.53M shares are floated in market. Right now the stock beta is 0.55.  

Leave a Reply

Your email address will not be published. Required fields are marked *