Bailard Inc. Acquires Shares of 26,200 Shore Bancshares, Inc. (SHBI)

Bailard Inc. acquired a new position in Shore Bancshares, Inc. (NASDAQ:SHBI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 26,200 shares of the bank’s stock, valued at approximately $438,000.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in shares of Shore Bancshares by 7.3% during the fourth quarter. LSV Asset Management now owns 67,200 shares of the bank’s stock valued at $1,122,000 after acquiring an additional 4,600 shares during the period. First Quadrant L P CA boosted its holdings in shares of Shore Bancshares by 171.3% during the fourth quarter. First Quadrant L P CA now owns 22,062 shares of the bank’s stock valued at $368,000 after acquiring an additional 13,929 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Shore Bancshares by 13.0% during the fourth quarter. Acadian Asset Management LLC now owns 64,458 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 7,399 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Shore Bancshares by 7.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,952 shares of the bank’s stock valued at $768,000 after acquiring an additional 3,379 shares during the period. Finally, Maltese Capital Management LLC acquired a new position in shares of Shore Bancshares during the third quarter valued at $668,000. 68.50% of the stock is owned by hedge funds and other institutional investors.

Shore Bancshares, Inc. (SHBI) opened at $17.52 on Friday. Shore Bancshares, Inc. has a 1-year low of $15.17 and a 1-year high of $19.30. The stock has a market cap of $222.42, a price-to-earnings ratio of 19.69 and a beta of 0.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, February 14th. Shore Bancshares’s dividend payout ratio (DPR) is 31.46%.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/02/18/bailard-inc-acquires-shares-of-26200-shore-bancshares-inc-shbi.html.

Shore Bancshares Profile

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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Bailard Inc. Acquires Shares of 26,200 Shore Bancshares, Inc. (SHBI)

Bailard Inc. acquired a new position in Shore Bancshares, Inc. (NASDAQ:SHBI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,200 shares of the bank’s stock, valued at approximately $438,000. Bailard Inc. owned 0.21% of Shore Bancshares at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in Shore Bancshares by 7.3% in the fourth quarter. LSV Asset Management now owns 67,200 shares of the bank’s stock worth $1,122,000 after purchasing an additional 4,600 shares during the period. First Quadrant L P CA boosted its holdings in Shore Bancshares by 171.3% in the fourth quarter. First Quadrant L P CA now owns 22,062 shares of the bank’s stock worth $368,000 after purchasing an additional 13,929 shares during the period. Acadian Asset Management LLC boosted its holdings in Shore Bancshares by 13.0% in the fourth quarter. Acadian Asset Management LLC now owns 64,458 shares of the bank’s stock worth $1,076,000 after purchasing an additional 7,399 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Shore Bancshares by 7.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,952 shares of the bank’s stock worth $768,000 after purchasing an additional 3,379 shares during the period. Finally, Maltese Capital Management LLC acquired a new position in Shore Bancshares in the third quarter worth $668,000. 68.50% of the stock is owned by hedge funds and other institutional investors.

Shore Bancshares, Inc. (NASDAQ SHBI) opened at $17.52 on Friday. The company has a market cap of $222.42, a price-to-earnings ratio of 19.69 and a beta of 0.24. Shore Bancshares, Inc. has a 1-year low of $15.17 and a 1-year high of $19.30.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, February 14th. Shore Bancshares’s dividend payout ratio is presently 31.46%.

TRADEMARK VIOLATION NOTICE: This piece was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thelincolnianonline.com/2018/02/18/bailard-inc-acquires-shares-of-26200-shore-bancshares-inc-shbi.html.

Shore Bancshares Company Profile

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.

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

Receive News & Ratings for Shore Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shore Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

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