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EASTON, MD—Esther A. Streete, a director at Shore Bancshares Inc. (NASDAQ:SHBI), recently acquired 30 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The purchase took place on May 30, 2025, at a price of $14.583 per share, totaling approximately $437. The transaction occurs as Shore Bancshares trades below its Fair Value, according to InvestingPro analysis. The bank, which maintains a healthy 3.31% dividend yield and has sustained dividend payments for 11 consecutive years, currently shows a "GOOD" overall financial health score. Following this transaction, Streete holds 657 shares directly in the company.
In other recent news, Shore Bancshares announced that its subsidiary, Mid-Maryland Title, Inc., will cease conducting real estate closings by March 31, 2025. This decision was revealed through a filing with the Securities and Exchange Commission (SEC). The subsidiary is currently in the process of winding down its operations and will continue to operate as necessary to complete any work in progress. Shore Bancshares has not specified the reasons for this decision in its SEC filing. Once outstanding matters are resolved, Mid-Maryland Title will proceed with regulatory steps to officially discontinue its business. The timeline for these regulatory filings has not been detailed. Investors can access the full 8-K filing through the SEC’s EDGAR database for more information.
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