Headlines about Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old Line Bancshares, Inc. (MD) earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.9599901584737 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Old Line Bancshares, Inc. (OLBK) opened at $31.40 on Wednesday. Old Line Bancshares, Inc. has a 52 week low of $26.01 and a 52 week high of $31.96. 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 cap of $391.51, a price-to-earnings ratio of 21.89 and a beta of 0.31.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company 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 predict that Old Line Bancshares, Inc. will post 2.24 EPS for the current year.
OLBK has been the subject of a number of analyst reports. Sandler O’Neill reissued a “buy” rating and set a $34.50 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Saturday, January 13th. BidaskClub raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. ValuEngine downgraded shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $33.17.
In other news, Director James F. Dent sold 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.65, for a total transaction of $31,650.00. Following the completion of the transaction, the director now directly owns 61,992 shares in the company, valued at $1,962,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.07% of the stock is owned by company insiders.
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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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