Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.08 per share by the bank on Friday, March 30th. This represents a $0.32 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, March 15th.
Old Line Bancshares, Inc. (NASDAQ OLBK) opened at $33.56 on Wednesday. The company has a market capitalization of $424.50, a price-to-earnings ratio of 23.62 and a beta of 0.31. 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 $26.01 and a 12-month high of $33.85.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The business had revenue of $19.03 million during the quarter, compared to the consensus estimate of $19.88 million. Old Line Bancshares, Inc. (MD) had a net margin of 19.60% and a return on equity of 8.94%. equities research analysts expect that Old Line Bancshares, Inc. will post 2.23 earnings per share for the current fiscal year.
Several equities analysts have commented on OLBK shares. Sandler O’Neill reaffirmed a “buy” rating and issued a $34.50 price objective on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, January 25th. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Saturday, January 13th. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 price target on shares of Old Line Bancshares, Inc. (MD) in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) presently has an average rating of “Hold” and an average price target of $34.50.
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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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