Shore Bancshares, Inc. (SHBI) Might Be Poised For A Short Term Move

Shore Bancshares, Inc. (SHBI) has seen some recent action in the market and its common shares were last quoted at $10.96 yesterday. People are starting to take notice of SHBI as the common shares traded as high as $11.15 and as low as $10.66 in the previous market trading day.

Shore Bancshares, Inc. (SHBI) average trading volume is 37.03K. However, in the previous market trading day Shore Bancshares, Inc. (SHBI) traded 40,455 shares. The First downside support level on SHBI is $10.32 and the First upside resistance level on SHBI is $16.94. SHBI 50-day moving average is $9.92 and SHBI 200 day moving average is $12.64.

Shore Bancshares, Inc. (SHBI) most recent performance has been shown by the recent movement in SHBI common shares. SHBI has performed 9.60% over the past 30 days, SHBI has performed 3.69% over the past 3 months and SHBI has shown -32.93% over the past 1 year. Shore Bancshares, Inc. (SHBI) has a 52 week range of $7.63 to $17.90. Shore Bancshares, Inc. (SHBI) is trading 43.64% from its 52 week low and -38.77% from its 52 week high. Shore Bancshares, Inc. (SHBI) is showing a 0.77% short float showing the sum short in the float.

SHBI has 12.51M shares outstanding and 12.28M shares in the float. Shore Bancshares, Inc. (SHBI) at this time has a market cap of $126.48M and income of 15.60M. The EPS next quarter for SHBI is 0.26 and projected EPS next year is -11.43%. The market cap of Shore Bancshares, Inc. (SHBI) at $126.48M signifies how many People own shares of SHBI and is calculated off the last price ($10.96) of SHBI and the sum of shares outstanding (12.51M) with Shore Bancshares, Inc. (SHBI).

Shore Bancshares, Inc. (SHBI) has total cash (mrq) of 96.25M, total cash per share (mrq) of 7.69, total debt of SHBI is at 22.23M. Shore Bancshares, Inc. (SHBI) operating cash flow (ttm) is 10.47M.

SHBI is trading 3.97% above (bullish) its SMA20, 11.06% above (bullish) its SMA50 and -20.21% below (bearish) its SMA200.