Shore Bancshares, Inc. (SHBI) stock has reached a new 52-week high, touching $17.08, as investors rally behind the company's robust performance. With a market capitalization of $569 million and a P/E ratio of 13.4, InvestingPro analysis indicates the stock is currently trading near its Fair Value. This milestone reflects a significant uptrend for the regional bank holding company, which has seen an impressive 33.3% one-year return and a notable 21% gain year-to-date. The surge to the 52-week high underscores the positive sentiment in the market towards Shore Bancshares' financial health and growth prospects, with the company maintaining a steady 2.89% dividend yield and a 10-year track record of consistent dividend payments. InvestingPro subscribers can access 8 additional key insights about SHBI's growth potential and financial health.
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