Old Line Bancshares, Inc. (NASDAQ:OLBK) COO Mark A. Semanie acquired 1,450 shares of Old Line Bancshares stock in a transaction dated Friday, May 18th. The shares were purchased at an average price of $34.95 per share, for a total transaction of $50,677.50. Following the completion of the transaction, the chief operating officer now directly owns 14,688 shares in the company, valued at approximately $513,345.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Old Line Bancshares stock traded down $0.56 during trading on Friday, hitting $34.55. 73,819 shares of the stock traded hands, compared to its average volume of 38,124. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $586.45 million, a PE ratio of 24.16 and a beta of 0.29. Old Line Bancshares, Inc. has a 52 week low of $26.01 and a 52 week high of $35.25.
Old Line Bancshares (NASDAQ:OLBK) last announced its quarterly earnings data on Tuesday, April 17th. The bank reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $19.48 million for the quarter, compared to analyst estimates of $19.54 million. Old Line Bancshares had a return on equity of 8.99% and a net margin of 20.98%. analysts predict that Old Line Bancshares, Inc. will post 2.24 earnings per share for the current fiscal year.
Several equities analysts have recently commented on OLBK shares. Sandler O’Neill reiterated a “buy” rating and set a $34.50 price objective on shares of Old Line Bancshares in a research report on Thursday, January 25th. BidaskClub upgraded Old Line Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered Old Line Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price objective on shares of Old Line Bancshares in a research report on Tuesday, February 27th. Finally, Hovde Group started coverage on Old Line Bancshares in a research report on Thursday, May 3rd. They set an “outperform” rating and a $39.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.63.
Hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in Old Line Bancshares by 116.9% during the 1st quarter. Barclays PLC now owns 3,230 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,741 shares during the period. MetLife Investment Advisors LLC purchased a new stake in Old Line Bancshares during the 4th quarter valued at about $129,000. Two Sigma Securities LLC purchased a new stake in Old Line Bancshares during the 4th quarter valued at about $225,000. Mackay Shields LLC purchased a new stake in Old Line Bancshares during the 1st quarter valued at about $234,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in Old Line Bancshares by 142.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 10,900 shares of the bank’s stock valued at $320,000 after acquiring an additional 6,400 shares during the period. Institutional investors own 47.54% of the company’s stock.
Old Line Bancshares Company Profile
Old Line Bancshares, Inc operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit.
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