Old Line Bancshares, Inc. (MD) (OLBK) Expected to Announce Earnings of $0.45 Per Share

Analysts expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to post $0.45 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Old Line Bancshares, Inc. (MD)’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.44. Old Line Bancshares, Inc. (MD) posted earnings of $0.39 per share during the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 21st.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.35 to $1.58. For the next fiscal year, analysts expect that the business will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Old Line Bancshares, Inc. (MD).

A number of research firms have recently commented on OLBK. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th.

Shares of Old Line Bancshares, Inc. (OLBK) opened at $29.69 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. The stock has a market cap of $371.41, a P/E ratio of 20.76 and a beta of 0.27. Old Line Bancshares, Inc. has a fifty-two week low of $26.01 and a fifty-two week high of $30.94.

The business also recently declared a dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given 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 presently 22.38%.

In other Old Line Bancshares, Inc. (MD) news, EVP Joseph E. Burnett bought 9,800 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired 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 owns 63,794 shares in the company, valued at $494,403.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John M. Suit II bought 1,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price 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 approximately $2,022,031. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,709 shares of company stock valued at $133,738. 25.07% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in OLBK. Russell Investments Group Ltd. increased its stake in shares of Old Line Bancshares, Inc. (MD) by 64.7% during the second quarter. Russell Investments Group Ltd. now owns 11,857 shares of the bank’s stock valued at $334,000 after buying an additional 4,659 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Old Line Bancshares, Inc. (MD) by 45.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,844 shares of the bank’s stock valued at $503,000 after buying an additional 5,544 shares during the period. First Trust Advisors LP purchased a new position in shares of Old Line Bancshares, Inc. (MD) during the second quarter valued at $663,000. Rhumbline Advisers increased its stake 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 valued at $252,000 after buying an additional 415 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Old Line Bancshares, Inc. (MD) by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 34,502 shares of the bank’s stock valued at $973,000 after buying an additional 3,622 shares during the period. Institutional investors and hedge funds own 44.25% of the company’s stock.

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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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