<div id="readability-page-1"><p>Shore Bancshares Inc (NASDAQ:SHBI - Get Free Report) Director Dawn Willey acquired 1,000 shares of the business's stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of $17.67 per share, for a total transaction of $17,670.00. Following the acquisition, the director directly owned 12,000 shares in the company, valued at $212,040. This represents a 9.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.</p><div><p><span></span><span>Get <strong>Shore Bancshares</strong> alerts:</span></p></div><h2>Shore Bancshares Stock Up 0.6%</h2><p>SHBI stock traded up $0.10 during mid-day trading on Monday, hitting $17.57. 153,152 shares of the company were exchanged, compared to its average volume of 165,778. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94. Shore Bancshares Inc has a 1-year low of $11.47 and a 1-year high of $17.83. The firm's 50 day simple moving average is $16.22 and its 200 day simple moving average is $15.98. The firm has a market cap of $587.31 million, a P/E ratio of 10.34 and a beta of 1.10. </p><p>Shore Bancshares (NASDAQ:SHBI - Get Free Report) last released its quarterly earnings results on Monday, September 19th. The bank reported $0.37 earnings per share for the quarter. Shore Bancshares had a net margin of 16.78% and a return on equity of 11.37%. The company had revenue of $16.91 million during the quarter.  On average, sell-side analysts predict that  Shore Bancshares Inc will post 1.59 EPS for the current fiscal year. </p><h2>Shore Bancshares Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. Shore Bancshares's dividend payout ratio (DPR) is currently 28.24%. </p><h2>Hedge Funds Weigh In On Shore Bancshares</h2><p>Several hedge funds and other institutional investors have recently made changes to their positions in SHBI. Mercer Global Advisors Inc. ADV bought a new position in shares of  Shore Bancshares in the 3rd quarter valued at about $275,000.  Millennium Management LLC grew its holdings in  Shore Bancshares by 123.1% during the third quarter. Millennium Management LLC now owns 74,526 shares of the bank's stock worth $1,223,000 after purchasing an additional 41,118 shares during the period.  HoldCo Asset Management LP increased its position in  Shore Bancshares by 3.7% during the third quarter. HoldCo Asset Management LP now owns 278,114 shares of the bank's stock worth $4,564,000 after buying an additional 10,000 shares during the last quarter.  Bank of America Corp DE increased its position in  Shore Bancshares by 20.9% during the third quarter. Bank of America Corp DE now owns 70,672 shares of the bank's stock worth $1,160,000 after buying an additional 12,200 shares during the last quarter.  Finally, Ameriprise Financial Inc. raised its stake in  Shore Bancshares by 98.8% in the third quarter. Ameriprise Financial Inc. now owns 89,936 shares of the bank's stock valued at $1,476,000 after buying an additional 44,694 shares during the period. 59.76% of the stock is owned by institutional investors. </p><h2>Analyst Ratings Changes</h2><p>SHBI has been the subject of several recent research reports. Zacks Research cut Shore Bancshares from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, September 26th. Hovde Group began coverage on Shore Bancshares in a research note on Wednesday, November 19th. They issued an &#34;outperform&#34; rating and a $19.00 target price on the stock. Wall Street Zen cut shares of Shore Bancshares from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, October 25th. Piper Sandler lifted their price objective on shares of Shore Bancshares from $18.00 to $18.50 and gave the company an &#34;overweight&#34; rating in a report on Friday, November 14th. Finally, Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Shore Bancshares in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned  a Hold rating to the company. According to MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and an average price target of $19.17.</p><p><b>View Our Latest Analysis on SHBI</b></p><h2>Shore Bancshares Company Profile</h2> (Get Free Report)<p>Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank, N.A. that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Shore Bancshares</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Congress Beat the Market Again—Here Are the 3 Stocks They Bought</li><li>Top Biotech Stocks: Exploring Innovation Opportunities</li><li>Go on a Shopping Spree With 3 Top Retail ETFs</li><li>Canadian Penny Stocks: Can They Make You Rich? </li><li>If D-Wave Is Too Risky, Consider These 3 Quantum ETFs for Diversification</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hCSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hCSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shore Bancshares Right Now?</h2><p>Before you consider Shore Bancshares, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shore Bancshares wasn't on the list.</p><p>While Shore Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHBI

<p>Shore Bancshares Director Dawn Willey purchased 1,000 shares at $17.67 each, totaling $17,670, increasing her ownership by 9.09%. The transaction was disclosed in an SEC filing. The company's stock rose 0.6% to $17.57. Shore Bancshares has a market cap of $587.31 million and a P/E ratio of 10.34. Analysts have mixed ratings on the stock, with some maintaining a 'Buy' and others a 'Hold' rating.</p>

Shore Bancshares (NASDAQ:SHBI) Director Purchases $17,670.00 in Stock