State Street Corp Purchases 36,434 Shares of Old Line Bancshares, Inc. (MD) (OLBK)

State Street Corp lifted its position in shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 28.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,433 shares of the bank’s stock after buying an additional 36,434 shares during the quarter. State Street Corp owned approximately 1.33% of Old Line Bancshares, Inc. (MD) worth $4,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 0.9% during the second quarter. Stifel Financial Corp now owns 32,748 shares of the bank’s stock worth $924,000 after buying an additional 283 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 4.9% during the second quarter. Rhumbline Advisers now owns 8,939 shares of the bank’s stock worth $252,000 after buying an additional 415 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 4.9% during the second quarter. Teachers Advisors LLC now owns 15,469 shares of the bank’s stock worth $436,000 after buying an additional 726 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 15.4% during the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock worth $346,000 after buying an additional 1,634 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 4.2% during the first quarter. Geode Capital Management LLC now owns 50,861 shares of the bank’s stock worth $1,448,000 after buying an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 44.25% of the company’s stock.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) opened at $30.54 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. Old Line Bancshares, Inc. has a 12-month low of $23.49 and a 12-month high of $30.94. The stock has a market cap of $382.75, a P/E ratio of 21.47 and a beta of 0.27.

The business also recently announced a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is presently 22.38%.

In related news, Director John M. Suit II bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of $30.25 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now owns 66,844 shares of the company’s stock, valued at $2,022,031. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph E. Burnett bought 9,800 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $7.75 per share, for a total transaction of $75,950.00. Following the completion of the transaction, the executive vice president now directly owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The disclosure for this purchase can be found here. Insiders purchased 11,709 shares of company stock worth $133,738 over the last three months. Corporate insiders own 25.07% of the company’s stock.

OLBK has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, November 29th. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.00.

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Old Line Bancshares, Inc. (MD) Company Profile

Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

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Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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