Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been given an average broker rating score of 1.60 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company.
Brokerages have set a twelve-month consensus target price of $32.33 for the company and are forecasting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Line Bancshares, Inc. (MD) an industry rank of 80 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price target on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, October 26th.
Old Line Bancshares, Inc. (NASDAQ OLBK) traded up $0.51 on Friday, hitting $29.91. The stock had a trading volume of 14,100 shares, compared to its average volume of 28,428. Old Line Bancshares, Inc. has a 12 month low of $23.49 and a 12 month high of $30.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $372.90, a P/E ratio of 20.56 and a beta of 0.27.
The business also recently declared a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is presently 24.81%.
In other Old Line Bancshares, Inc. (MD) news, Director John M. Suit II bought 1,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of $30.25 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now owns 66,844 shares in the company, valued at $2,022,031. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph E. Burnett bought 9,800 shares of the stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $7.75 per share, with a total value of $75,950.00. Following the purchase, the executive vice president now owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,709 shares of company stock valued at $133,738. 25.07% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Old Line Bancshares, Inc. (MD) by 1.5% during the second quarter. Vanguard Group Inc. now owns 323,213 shares of the bank’s stock worth $9,108,000 after acquiring an additional 4,836 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Old Line Bancshares, Inc. (MD) by 11.9% during the third quarter. Dimensional Fund Advisors LP now owns 178,141 shares of the bank’s stock worth $4,988,000 after acquiring an additional 18,993 shares in the last quarter. State Street Corp raised its stake in Old Line Bancshares, Inc. (MD) by 28.2% during the second quarter. State Street Corp now owns 165,433 shares of the bank’s stock worth $4,662,000 after acquiring an additional 36,434 shares in the last quarter. Castine Capital Management LLC acquired a new position in Old Line Bancshares, Inc. (MD) during the third quarter worth about $4,194,000. Finally, Northern Trust Corp raised its stake in Old Line Bancshares, Inc. (MD) by 4.2% during the second quarter. Northern Trust Corp now owns 94,335 shares of the bank’s stock worth $2,659,000 after acquiring an additional 3,778 shares in the last quarter. 44.25% of the stock is owned by hedge funds and other institutional investors.
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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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