|Bid||16.27 x 900|
|Ask||16.34 x 900|
|Day's Range||16.25 - 16.81|
|52 Week Range||9.14 - 18.10|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||12.02|
|Forward Dividend & Yield||0.48 (2.76%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable June 1, 2021 to stockholders of record on May 15, 2021.
Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021, compared to net income of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020, and net income of $3.118 million or $0.25 per diluted common share for the first quarter of 2020. On March 3, 2021, the Company and Severn Bancorp, Inc. ("Severn") announced that they had entered into a merger agreement pursuant to which Severn will be merged with and into the Company. The Company anticipates that future quarters will be impacted by the recognition of additional merger-related expenses.
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and Severn Bancorp, Inc. is fair to Shore Bancshares shareholders. Severn shareholders are expected to receive cash and stock in connection with the merger.