Curi RMB Capital LLC Purchases 21,191 Shares of Shore Bancshares, Inc. (NASDAQ:SHBI)

Curi RMB Capital LLC lifted its holdings in Shore Bancshares, Inc. (NASDAQ:SHBI) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,164 shares of the bank’s stock after purchasing an additional 21,191 shares during the period. Curi RMB Capital LLC’s holdings in Shore Bancshares were worth $2,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHBI. Rhumbline Advisers increased its holdings in Shore Bancshares by 6.5% during the second quarter. Rhumbline Advisers now owns 43,240 shares of the bank’s stock valued at $495,000 after buying an additional 2,639 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Shore Bancshares by 9.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 48,706 shares of the bank’s stock worth $681,000 after purchasing an additional 4,312 shares during the period. Black Maple Capital Management LP lifted its position in Shore Bancshares by 20.0% during the first quarter. Black Maple Capital Management LP now owns 30,028 shares of the bank’s stock valued at $345,000 after purchasing an additional 5,000 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Shore Bancshares by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,086 shares of the bank’s stock valued at $657,000 after purchasing an additional 6,321 shares during the period. Finally, Creative Planning increased its position in Shore Bancshares by 30.6% in the third quarter. Creative Planning now owns 37,674 shares of the bank’s stock worth $527,000 after buying an additional 8,831 shares in the last quarter. Hedge funds and other institutional investors own 59.76% of the company’s stock.

Shore Bancshares Stock Performance

NASDAQ SHBI opened at $16.21 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. Shore Bancshares, Inc. has a twelve month low of $10.06 and a twelve month high of $16.66. The business has a 50-day moving average price of $14.42 and a 200-day moving average price of $12.95. The firm has a market cap of $540.28 million, a price-to-earnings ratio of 12.97 and a beta of 0.95.

Shore Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, November 12th. Shore Bancshares’s dividend payout ratio (DPR) is currently 38.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SHBI shares. Keefe, Bruyette & Woods boosted their price objective on Shore Bancshares from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Janney Montgomery Scott lowered shares of Shore Bancshares from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 30th.

About Shore Bancshares

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.