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SHBI Buyback image

Shore Bancshares, Inc. Buyback

OLI recorded this information on 7/6/2022

Company: Shore Bancshares, Inc.
Buyback: SHBI buyback
$Amount Authorized: $5,000,000
Buyback Details: Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Board to authorize management to repurchase its common stock. Under the new repurchase program, management is authorized to repurchase up to $5.0 million, or approximately 1.4% of the 19.8 million outstanding shares of the Company's common stock. The program may be limited or terminated at any time without prior notice. The program will expire on March 31, 2023.

Shore Bancshares is a financial holding company. Through its wholly owned banking subsidiary, Shore United Bank, N.A. (the Bank), Co. provides consumer and commercial banking products and services, including secondary mortgage lending, trust, wealth management and financial planning services. The Bank is an independent community bank that serves businesses and individuals in their respective market areas. Services provided to businesses include commercial checking, savings, certificates of deposit and overnight investment sweep accounts. Merchant credit card clearing services are available as well as direct deposit of payroll, internet banking and telephone banking services.

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SHBI — Key Stats (updated 13 hours, 48 minutes ago)
Company Name:  Shore Bancshares Inc.
Stock buyback:  SHBI buyback
Website:  www.shorebancshares.com
Sector:  Banking & Savings
Number of ETFs Holding SHBI:  20
Total Market Value Held by ETFs:  $30.38M
Total Market Capitalization:  $354.00M
% of Market Cap. Held by ETFs:  8.58%
 

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April 26, 2024  •  12:35 AM Eastern
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Avg. Broker Rec.

Buy (3.33 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)

Analysts' Target Price:
SHBI Stock Forecast

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