Shore Bancshares, Inc. (NASDAQ:SHBI) climbed 1.04% with the closing price of $18.41 in Thursday Trading Session. With Latest positive move, stock price showed -4.61% lower in value from one year high price and revealed 21.36% higher in value from its one year low price. The 1.93% rising picture painted by the trends generated around 20 SMAs. Shore Bancshares, Inc. (SHBI) has demonstrated rising trend based on recent movement of 200 SMA with 9.03% during the course of recent market activity.
Shore Bancshares, Inc. (NASDAQ:SHBI) reported that the Board of Directors has announced a quarterly common stock dividend in the amount of $0.07 per share, payable February 28, 2018 to stockholders of record on February 15, 2018.
Lloyd L. “Scott” Beatty, Jr., President and Chief Executive Officer stated that we are happy to report the continuation to our quarterly cash dividend of $0.07 per share. 2017 was an exceptional year for the Company and we remain committed to our strategy for growth and enhancing shareholder value. This dividend will result in a payout ratio for 2017 of 27.0%, which compared to 2016 of 18.4%, represents an increase of $0.05 per share, or 8.6%.
The stock price changed 5.74% in the past week. Shares of the company have performed 11.85% over the last three months and moved 11.10% over the last 12- months. The stock also has a beta of 0.19. When beta is less than 1, it can be interpreted that the stock is theoretically less volatile than the market. The current value of the RSI is 58.86.
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.