Shore Bancshares Inc Sentiment Improves on Better Stock Potential

Sentiment for Shore Bancshares Inc (NASDAQ:SHBI)

Shore Bancshares Inc (NASDAQ:SHBI) institutional sentiment increased to 1.55 in Q3 2018. Its up 0.35, from 1.2 in 2018Q2. The ratio increased, as 31 hedge funds increased or opened new holdings, while 20 decreased and sold equity positions in Shore Bancshares Inc. The hedge funds in our partner’s database now hold: 8.41 million shares, down from 8.48 million shares in 2018Q2. Also, the number of hedge funds holding Shore Bancshares Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 16 Increased: 25 New Position: 6.

Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking services and products to individuals, businesses, and other organizations in Maryland and Delaware. The company has market cap of $189.90 million. The firm operates through two divisions, Community Banking, and Insurance Products and Services. It has a 12.15 P/E ratio. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs, cash management services, and various checking services.

The stock increased 3.58% or $0.52 during the last trading session, reaching $14.9. About 873 shares traded. Shore Bancshares, Inc. (NASDAQ:SHBI) has declined 13.97% since January 14, 2018 and is downtrending. It has underperformed by 13.97% the S&P500.

Corbyn Investment Management Inc Md holds 0.8% of its portfolio in Shore Bancshares, Inc. for 130,948 shares. Banc Funds Co Llc owns 564,733 shares or 0.6% of their US portfolio. Moreover, Fj Capital Management Llc has 0.6% invested in the company for 301,400 shares. The Ohio-based Fsi Group Llc has invested 0.54% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 482,056 shares.

Shore Bancshares, Inc. (NASDAQ:SHBI) Institutional Positions Chart

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