Shore Bancshares director John Lamon buys $7,753 of common stock

John Lamon, a director at Shore Bancshares Inc. (NASDAQ: SHBI), recently purchased 338 shares of the company's common stock on October 27, 2026. The transaction took place at a price of $22.94 per share, resulting in a total investment of $7,753. This purchase comes as Shore Bancshares has shown strong performance, with a 47% increase in stock value over the past year. The company's P/E ratio stands at 10.94, while its PEG ratio is 0.54.

Following this acquisition, Mr. Lamon now owns a total of 65,514 shares of Shore Bancshares common stock, including 56,403 shares held jointly with his spouse. This purchase also represents an increase in his beneficial ownership through an exempt acquisition under Shore Bancshares’ Dividend Reinvestment Plan. Additionally, Mr. Lamon has 1,855 restricted stock units, each representing a right to receive one share of SHBI common stock upon vesting on May 21, 2027.

Shore Bancshares has a track record of maintaining dividend payments for 12 consecutive years, currently yielding 2.5%. The company offers further insights into its financial health and valuation metrics via InvestingPro. Shore Bancshares, Inc. also recently announced the adoption of a Deferred Compensation Plan for Non-employee Directors, effective as of September 30, 2026.

This new plan allows non-employee directors to defer a portion of their director fees and vested equity awards on a pre-tax basis, with full vesting of elective deferrals and related earnings.