<div id="readability-page-1"><p>Gendell Jeffrey L trimmed its holdings in shares of  Shore Bancshares Inc (NASDAQ:SHBI - Free Report) by 51.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 136,840 shares of the bank's stock after selling 146,570 shares during the quarter. Gendell Jeffrey L owned approximately 0.41% of Shore Bancshares worth $2,151,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Shore Bancshares</strong> alerts:</span></p></div><p>A number of other hedge funds also recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in shares of  Shore Bancshares by 31,320.0% in the 2nd quarter. IFP Advisors Inc now owns 1,571 shares of the bank's stock valued at $25,000 after acquiring an additional 1,566 shares during the period.  EverSource Wealth Advisors LLC bought a new stake in  Shore Bancshares during the second quarter valued at about $31,000.  PNC Financial Services Group Inc. grew its stake in  Shore Bancshares by 108.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the bank's stock valued at $47,000 after purchasing an additional 1,571 shares during the last quarter.  AlphaQuest LLC bought a new position in  Shore Bancshares in the first quarter worth about $145,000.  Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of  Shore Bancshares during the first quarter valued at about $158,000. Hedge funds and other institutional investors own  59.76% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>Several research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Shore Bancshares from $18.00 to $18.50 and gave the stock an &#34;overweight&#34; rating in a research note on Friday, November 14th. Zacks Research downgraded 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 assumed coverage on Shore Bancshares in a research report on Wednesday, November 19th. They issued an &#34;outperform&#34; rating and a $19.00 price objective for the company. Wall Street Zen downgraded Shore Bancshares from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, October 25th. Finally, Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of Shore Bancshares in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company's stock. According to data from MarketBeat, Shore Bancshares currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $18.75.</p><p><b>Get Our Latest Stock Report on SHBI</b></p><h2>Insider Buying and Selling</h2><p>In related news, EVP Aaron Michael Kaslow purchased 6,500 shares of Shore Bancshares stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $15.56 per share, for a total transaction of $101,140.00. Following the completion of the transaction, the executive vice president owned 6,500 shares in the company, valued at $101,140. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought 7,700 shares of company stock worth $121,994 over the last quarter. 8.69% of the stock is owned by company insiders. </p><h2>Shore Bancshares Trading Up 0.1%</h2><p>Shares of NASDAQ:SHBI opened at $18.75 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. Shore Bancshares Inc has a 52-week low of $11.47 and a 52-week high of $19.22. The business has a 50-day moving average price of $16.48 and a 200-day moving average price of $16.19. The stock has a market cap of $626.81 million, a price-to-earnings ratio of 11.03 and a beta of 0.94. </p><p>Shore Bancshares (NASDAQ:SHBI - Get Free Report) last released its quarterly earnings data on Monday, September 19th. The bank reported $0.37 earnings per share for the quarter. The firm had revenue of $16.91 million for the quarter. Shore Bancshares had a net margin of 16.78% and a return on equity of 11.25%.  Equities analysts predict that  Shore Bancshares Inc will post 1.59 EPS for the current year. </p><h2>Shore Bancshares Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. Shore Bancshares's dividend payout ratio  is presently 28.24%. </p><h2>Shore Bancshares Profile</h2> (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>Featured Articles</h2><ul><li>Five stocks we like better than Shore Bancshares</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>How to Invest in the FAANG Stocks</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding SHBI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shore Bancshares Inc (NASDAQ:SHBI - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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/SECFilingChart.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>Gendell Jeffrey L sold 146,570 shares of Shore Bancshares Inc, reducing his holdings by 51.7% in Q2. The stock is rated "Moderate Buy" with a price target of $18.75. Insiders bought 7,700 shares recently. Shore Bancshares trades at $18.75, with a market cap of $626.81 million and a dividend yield of 2.6%. Analysts predict an EPS of 1.59 for the year.</p>

Gendell Jeffrey L Sells 146,570 Shares of Shore Bancshares Inc $SHBI