Shore Bancshares, Inc. (NASDAQ:SHBI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 24, 2016
Zacks Investment Research has downgraded Shore Bancshares, Inc. (NASDAQ:SHBI) to Hold in a statement released on 9/22/2016.
Boasting a price of $11.95, Shore Bancshares, Inc. (NASDAQ:SHBI) traded -1.00% lower on the day. With the last stock price close up 1.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Shore Bancshares, Inc. has recorded a 50-day average of $11.72 and a two hundred day average of $11.69. Volume of trade was down over the average, with 9,426 shares of SHBI changing hands under the typical 46,208
With a total market value of $0, Shore Bancshares, Inc. has price-earnings ratio of 17.14 with a one year low of $9.30 and a one year high of $12.59 .
More About Shore Bancshares, Inc. (NASDAQ:SHBI)
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. Its Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware. The Company is engaged 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). Its Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Company's market areas. 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.
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