Shore Bancshares Inc shares had a trading volume of 6,219 by the end of trading on Tuesday. Trading volume was down 83.49% under the stocks average daily volume.
Short traders are feeling a little more bullish of late if you take into consideration the decrease in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -7.39%. Short shares fell 4,190 over that timeframe. The short-interest ratio increased to 3.0 and the percentage of shorted shares was 0.00% on October 13.
These funds have shifted positions in (SHBI). California State Teachers Retirement System divested its position by selling 1,600 shares a decrease of 7.2%. California State Teachers Retirement System now holds 20,594 shares worth $343,000. The total value of its holdings decreased 6.0%. Dimensional Fund Advisors Lp added to its ownership by buying 21,713 shares an increase of 8.4% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp controls 280,188 shares with a value of $4,665,000. The value of the position overall is up by 9.7%.
Wellington Management Group Llp grew its holdings by buying 43,056 shares an increase of 3.6% as of 09/30/2017. Wellington Management Group Llp claims 1,230,744 shares valued at $20,492,000. The value of the position overall is up by 4.9%. As of the end of the quarter Basswood Capital Management, L.l.c. had sold 4,008 shares trimming its stake by 2.3%. The value of the investment in SHBI went from $2,838,000 to $2,806,000 a change of 1.1% quarter to quarter.
In the market the company is trading down from yesterday’s close of 17.03. Shore Bancshares Inc’s P/E ratio is 19.56 and the market cap is 215.97M. In the last earnings report the EPS was $0.87 with 12.69M shares outstanding.
Shore Bancshares, Inc., launched on March 15, 1996, 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 Business’s Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware. The Company is involved in the banking business through CNB, a Maryland commercial bank with trust powers and The Talbot Bank of Easton, a Maryland commercial bank (the Banks). The Business’s Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Business’s market areas. The Company is involved in the insurance business through an insurance producer, The Avon-Dixon Agency, LLC, a Maryland limited liability company, with approximately two specialty lines, trading as Elliot Wilson Insurance (Trucking) and Jack Martin & Associates (Marine), as well as an insurance premium finance company, Mubell Finance, LLC (collectively Insurance Subsidiaries). The Banks operate approximately 20 full service branches and 20 automated teller machines (ATMs). The Banks provide a range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Kent County, Queen Anne’s County, Caroline County, Talbot County and Dorchester County in Maryland and in Kent County, Delaware..