Curi RMB Capital LLC Increases Stake in Shore Bancshares, Inc. (NASDAQ:SHBI)

Curi RMB Capital LLC boosted its stake in Shore Bancshares, Inc. (NASDAQ:SHBI) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,164 shares of the bank’s stock after buying an additional 21,191 shares during the period. Curi RMB Capital LLC owned 0.53% of Shore Bancshares worth $2,451,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Shore Bancshares by 428.0% during the first quarter. BNP Paribas Financial Markets now owns 42,829 shares of the bank’s stock valued at $493,000 after purchasing an additional 34,717 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Shore Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,619,605 shares of the bank’s stock worth $18,625,000 after acquiring an additional 11,544 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Shore Bancshares during the 1st quarter valued at about $200,000. Price T Rowe Associates Inc. MD boosted its stake 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 worth $657,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Gendell Jeffrey L grew its holdings in Shore Bancshares by 3.7% in the first quarter. Gendell Jeffrey L now owns 283,410 shares of the bank’s stock worth $3,259,000 after purchasing an additional 10,000 shares during the period. 59.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Janney Montgomery Scott cut Shore Bancshares from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods raised their price target on Shore Bancshares from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

Shore Bancshares Price Performance

Shares of SHBI opened at $16.21 on Friday. Shore Bancshares, Inc. has a twelve month low of $10.06 and a twelve month high of $16.66. The company has a market capitalization of $540.28 million, a P/E ratio of 12.97 and a beta of 0.95. The firm has a 50 day moving average of $14.42 and a 200 day moving average of $12.95. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, November 12th. Shore Bancshares’s dividend payout ratio is currently 38.40%.

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.