Shore Bancshares(NASDAQ:SHBI) Declares Dividend of $0.0300.

Shore Bancshares (NASDAQ:SHBI) had declared a cash dividend of $0.0300 on Aug 3, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Aug 3, 2016 share price, the yield comes out to be 1.0195%. The dividend payable date has been fixed on Aug 31, 2016.

Shore Bancshares (SHBI) made into the market gainers list on Fridays trading session with the shares advancing 0.09% or 0.01 points. Due to strong positive momentum, the stock ended at $11.6, which is also near the day’s high of $11.7. The stock began the session at $11.58 and the volume stood at 16,339 shares. The 52-week high of the shares is $12.59 and the 52 week low is $9.13. The company has a current market capitalization of $147 M and it has 1,26,62,746 shares in outstanding.

Shore Bancshares(SHBI) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.41M. Analysts had an estimated revenue of $10.61M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On Jul 29, 2016, Christopher F Spurry (director) purchased 1,000 shares at $11.82 per share price.Also, On Mar 22, 2016, Frank E Iii Mason (director) purchased 5,395 shares at $11.17 per share price.On Dec 15, 2015, W Moorhead Vermilye (director) sold 50,000 shares at $10.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Company’s 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.

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