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EASTON, MD—Dawn M. Willey, a director at Shore Bancshares Inc. (NASDAQ:SHBI), recently acquired 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on May 30 at $14.578 each, amounting to a total transaction value of $14,578. The $478 million market cap bank currently trades at 0.86 times book value and offers a 3.3% dividend yield, having maintained consistent dividend payments for 11 consecutive years.
Following this transaction, Willey directly owns 17,591 shares of Shore Bancshares. Additionally, she holds 10,000 shares through an Individual Retirement Account (IRA) and 18,043 shares via a Defined Benefit Retirement Account, reflecting her continued investment in the company.
These transactions provide insight into the ownership interests of key company insiders, which can be of interest to investors tracking insider activity at Shore Bancshares.
In other recent news, Shore Bancshares announced that its subsidiary, Mid-Maryland Title, Inc., will cease conducting real estate closings by March 31, 2025. The decision was disclosed in a filing with the Securities and Exchange Commission (SEC), indicating that Mid-Maryland Title is in the process of winding down its operations. The subsidiary will continue to operate as needed to complete any work in progress, ensuring that all ongoing matters are adequately addressed. Once these matters are resolved, Mid-Maryland Title will proceed with the necessary regulatory filings to officially discontinue its business and dissolve the corporation. Shore Bancshares has not provided specific reasons for the wind-down in the SEC filing. The company’s announcement was made as part of its regulatory obligations, and no further comments were provided beyond the details in the filing. Investors and stakeholders can access the full text of the 8-K filing through the SEC’s EDGAR database for more information.
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