Gail D. Manuel Acquires 620 Shares of Old Line Bancshares, Inc. (MD) (OLBK) Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Gail D. Manuel purchased 620 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $31.16 per share, for a total transaction of $19,319.20. Following the acquisition, the director now owns 44,174 shares of the company’s stock, valued at $1,376,461.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Old Line Bancshares, Inc. (OLBK) opened at $31.67 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a 1-year low of $26.01 and a 1-year high of $31.79. The stock has a market capitalization of $391.76, a PE ratio of 21.90 and a beta of 0.27.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Old Line Bancshares, Inc. (MD) had a return on equity of 8.94% and a net margin of 19.60%. The company had revenue of $19.03 million for the quarter, compared to the consensus estimate of $19.88 million. sell-side analysts expect that Old Line Bancshares, Inc. will post 2.24 EPS for the current year.

The business also recently announced a dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, December 7th.

Institutional investors and hedge funds have recently modified their holdings of the business. OxFORD Asset Management LLP boosted its holdings in 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 during the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 4,836 shares during the last quarter. Stifel Financial Corp boosted its holdings in Old Line Bancshares, Inc. (MD) by 14.2% during the third quarter. Stifel Financial Corp now owns 37,397 shares of the bank’s stock worth $1,050,000 after buying an additional 4,649 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Old Line Bancshares, Inc. (MD) during the third quarter worth about $519,000. Finally, New York State Common Retirement Fund boosted its holdings in Old Line Bancshares, Inc. (MD) by 106.6% during the second quarter. New York State Common Retirement Fund now owns 9,300 shares of the bank’s stock worth $262,000 after buying an additional 4,799 shares during the last quarter. Hedge funds and other institutional investors own 44.26% of the company’s stock.

Several equities analysts recently issued reports on OLBK shares. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, November 29th. ValuEngine cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, October 26th. Sandler O’Neill reiterated a “buy” rating and issued a $34.50 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, January 25th. Finally, BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.17.

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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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