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%.
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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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