Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been assigned an average broker rating score of 1.75 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Old Line Bancshares, Inc. (MD)’s rating score has declined by 9.4% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 12 month consensus price objective of $33.00 for the company and are forecasting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also given Old Line Bancshares, Inc. (MD) an industry rank of 22 out of 265 based on the ratings given to its competitors.

Several brokerages have recently commented on OLBK. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, November 29th. ValuEngine downgraded shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, October 26th.

In related news, EVP Joseph E. Burnett sold 3,475 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $30.00, for a total transaction of $104,250.00. Following the completion of the sale, the executive vice president now owns 51,180 shares in the company, valued at $1,535,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Suit II acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $30.25 per share, with a total value of $30,250.00. Following the acquisition, the director now directly owns 66,844 shares of the company’s stock, valued at approximately $2,022,031. The disclosure for this purchase can be found here. In the last quarter, insiders bought 11,709 shares of company stock valued at $133,738. 25.07% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of OLBK. Ameriprise Financial Inc. purchased a new stake in Old Line Bancshares, Inc. (MD) during the second quarter worth about $201,000. Advisor Group Inc. increased its holdings in Old Line Bancshares, Inc. (MD) by 89.0% during the third quarter. Advisor Group Inc. now owns 7,230 shares of the bank’s stock worth $202,000 after buying an additional 3,405 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Old Line Bancshares, Inc. (MD) by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after buying an additional 516 shares during the last quarter. PDT Partners LLC purchased a new stake in Old Line Bancshares, Inc. (MD) during the second quarter worth about $242,000. Finally, Rhumbline Advisers increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 44.25% of the company’s stock.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) traded up $0.42 during mid-day trading on Friday, hitting $30.88. 32,700 shares of the stock traded hands, compared to its average volume of 22,897. The stock has a market capitalization of $385.01, a P/E ratio of 21.59 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. Old Line Bancshares, Inc. has a 52 week low of $26.01 and a 52 week high of $31.18.

The company also recently announced a dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is currently 22.38%.

COPYRIGHT VIOLATION NOTICE: “” was first published by Markets Daily and is owned by of Markets Daily. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.themarketsdaily.com/2018/01/21/1231479.html.

About Old Line Bancshares, Inc. (MD)

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.

Get a free copy of the Zacks research report on Old Line Bancshares, Inc. (MD) (OLBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Old Line Bancshares Inc. (MD) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. (MD) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply