Shares of Shore Bancshares Inc (SHBI) Sees Large Inflow of Net Money Flow

Shore Bancshares Inc (SHBI): $1.36 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 81.28. The value of trades done on upticks was $1.37 million, whereas, trades done on downticks were valued at $0.02 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.37 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.37 million. Shore Bancshares Inc (SHBI) fell $0.06 traded at $11.72, a change of -0.51% over the previous day. The stock is -0.93% for the week.


Shore Bancshares, Inc. has dropped 1.34% in the last five trading days, however, the shares have posted positive gains of 0.94% in the last 4 weeks. Shore Bancshares, Inc. is up 1.64% in the last 3-month period. Year-to-Date the stock performance stands at 9.21%.

Shore Bancshares Inc (SHBI) : Zacks Investment Research ranks Shore Bancshares Inc (SHBI) as 3, which is a Hold recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 1 research analysts is 3, which indicates as a Hold.

Shore Bancshares Inc (NASDAQ:SHBI): The stock opened at $11.74 and touched an intraday high of $11.8 on Wednesday. During the day, the stock corrected to an intraday low of $11.59, however, the bulls stepped in and pushed the price higher to close in the green at $11.79 with a gain of 0.08% for the day. The total traded volume for the day was 126,935. The stock had closed at $11.78 in the previous trading session.

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. The Companys Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware. It is engaged in the banking business through CNB, a Maryland commercial bank with trust powers and The Talbot Bank of Easton, Maryland, a Maryland commercial bank. The Companys Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Companys market areas. It is engaged in the insurance business through two general insurance producer firms, The Avon-Dixon Agency, LLC and Elliott Wilson Insurance, LLC; one marine insurance producer firm, Jack Martin & Associates, Inc., and an insurance premium finance company, Mubell Finance, LLC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.