Old Line Bancshares, Inc. (NASDAQ:OLBK) Director Stephen J. Deadrick bought 1,024 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were purchased at an average cost of $35.43 per share, with a total value of $36,280.32. Following the transaction, the director now directly owns 28,093 shares in the company, valued at approximately $995,334.99. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Old Line Bancshares stock traded down $0.18 on Thursday, reaching $34.22. 471 shares of the company’s stock were exchanged, compared to its average volume of 35,977. The stock has a market capitalization of $583.23 million, a price-to-earnings ratio of 22.05 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. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95.
Old Line Bancshares (NASDAQ:OLBK) last posted its quarterly earnings results on Tuesday, April 17th. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $19.48 million for the quarter, compared to analysts’ expectations of $19.54 million. Old Line Bancshares had a return on equity of 8.99% and a net margin of 20.98%. equities research analysts forecast that Old Line Bancshares, Inc. will post 2.24 EPS for the current year.
Several institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Old Line Bancshares by 116.9% during the 1st quarter. Barclays PLC now owns 3,230 shares of the bank’s stock worth $106,000 after buying an additional 1,741 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Old Line Bancshares by 4.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 42,646 shares of the bank’s stock worth $1,255,000 after purchasing an additional 1,800 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Old Line Bancshares by 22.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 15,000 shares of the bank’s stock worth $495,000 after purchasing an additional 2,700 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Old Line Bancshares by 3.4% in the 1st quarter. Northern Trust Corp now owns 94,743 shares of the bank’s stock worth $3,127,000 after purchasing an additional 3,100 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of Old Line Bancshares in the 4th quarter worth $129,000. Hedge funds and other institutional investors own 50.80% of the company’s stock.
A number of equities analysts have issued reports on the company. BidaskClub upgraded Old Line Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Hovde Group assumed coverage on Old Line Bancshares in a report on Thursday, May 3rd. They set an “outperform” rating and a $39.00 price target on the stock. Sandler O’Neill restated a “buy” rating and set a $34.50 price target on shares of Old Line Bancshares in a report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 price target on shares of Old Line Bancshares in a report on Tuesday, February 27th. Finally, Zacks Investment Research cut Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.63.
About Old Line Bancshares
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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