MML Investors Services LLC Takes Position in Shore Bancshares, Inc. (SHBI)

MML Investors Services LLC bought a new position in Shore Bancshares, Inc. (NASDAQ:SHBI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,689 shares of the bank’s stock, valued at approximately $195,000. MML Investors Services LLC owned 0.09% of Shore Bancshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in Shore Bancshares by 31.6% in the 2nd quarter. New York State Common Retirement Fund now owns 12,900 shares of the bank’s stock worth $212,000 after acquiring an additional 3,099 shares during the period. Allianz Asset Management GmbH purchased a new stake in Shore Bancshares in the 4th quarter worth approximately $278,000. First Quadrant L P CA grew its stake in Shore Bancshares by 171.3% in the 4th quarter. First Quadrant L P CA now owns 22,062 shares of the bank’s stock worth $368,000 after acquiring an additional 13,929 shares during the period. Macquarie Group Ltd. purchased a new stake in Shore Bancshares in the 3rd quarter worth approximately $398,000. Finally, Bailard Inc. purchased a new stake in Shore Bancshares in the 4th quarter worth approximately $438,000. 68.61% of the stock is owned by hedge funds and other institutional investors.

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Shares of SHBI stock opened at $18.21 on Friday. The company has a market cap of $236.38, a P/E ratio of 19.13 and a beta of 0.31. Shore Bancshares, Inc. has a 12 month low of $15.17 and a 12 month high of $19.80.

Shore Bancshares (NASDAQ:SHBI) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.27 earnings per share for the quarter. The company had revenue of $16.71 million for the quarter. Shore Bancshares had a net margin of 17.18% and a return on equity of 7.70%.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.54%. Shore Bancshares’s dividend payout ratio (DPR) is presently 31.46%.

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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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Institutional Ownership by Quarter for Shore Bancshares (NASDAQ:SHBI)

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