EJF Capital LLC Buys 2,113 Shares of Shore Bancshares, Inc. (NASDAQ:SHBI)

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EJF Capital LLC grew its stake in shares of Shore Bancshares, Inc. (NASDAQ:SHBI) by 0.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 285,964 shares of the bank’s stock after acquiring an additional 2,113 shares during the quarter. EJF Capital LLC owned about 2.24% of Shore Bancshares worth $4,673,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of Shore Bancshares by 1.5% during the 1st quarter. Acadian Asset Management LLC now owns 59,118 shares of the bank’s stock worth $881,000 after buying an additional 899 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Shore Bancshares by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 100,380 shares of the bank’s stock worth $1,640,000 after buying an additional 1,037 shares in the last quarter. Penn Capital Management Co. Inc. raised its holdings in shares of Shore Bancshares by 1.2% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 153,194 shares of the bank’s stock worth $2,503,000 after buying an additional 1,849 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Shore Bancshares by 511.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,636 shares of the bank’s stock worth $39,000 after buying an additional 2,205 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Shore Bancshares by 35.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 14,436 shares of the bank’s stock worth $236,000 after buying an additional 3,750 shares in the last quarter. 64.75% of the stock is owned by institutional investors.

Shares of Shore Bancshares stock traded down $0.14 during trading on Thursday, reaching $15.78. 491 shares of the company’s stock were exchanged, compared to its average volume of 14,629. Shore Bancshares, Inc. has a 1-year low of $12.95 and a 1-year high of $18.51. The firm’s 50-day moving average price is $15.64 and its 200 day moving average price is $15.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $210.47 million, a P/E ratio of 8.53 and a beta of 0.56.

Shore Bancshares (NASDAQ:SHBI) last issued its earnings results on Thursday, July 25th. The bank reported $0.33 earnings per share (EPS) for the quarter. Shore Bancshares had a return on equity of 13.43% and a net margin of 28.87%. The business had revenue of $14.90 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Saturday, August 17th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.53%.

Shore Bancshares Company Profile

Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.

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

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