Media headlines about Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old Line Bancshares, Inc. (MD) earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.489007417233 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have recently weighed in on OLBK shares. BidaskClub lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Hovde Group started coverage on Old Line Bancshares, Inc. (MD) in a research report on Thursday, May 3rd. They issued an “outperform” rating and a $39.00 price objective on the stock. Finally, Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $35.63.
Shares of OLBK stock traded down $0.05 during trading hours on Friday, reaching $35.26. The company’s stock had a trading volume of 4,807 shares, compared to its average volume of 112,444. The firm has a market cap of $593.75 million, a P/E ratio of 22.60 and a beta of 0.29. Old Line Bancshares, Inc. has a one year low of $26.01 and a one year high of $35.34. 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, Inc. (MD) (NASDAQ:OLBK) last issued its quarterly earnings data on Tuesday, April 17th. The bank reported $0.48 earnings per share for the quarter, hitting the Zacks’ 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, Inc. (MD) had a return on equity of 8.99% and a net margin of 20.98%. equities analysts predict that Old Line Bancshares, Inc. will post 2.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were given a $0.10 dividend. This is a positive change from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, June 14th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is currently 25.64%.
In other news, Director Stephen J. Deadrick purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were bought at an average cost of $34.23 per share, for a total transaction of $34,230.00. Following the completion of the transaction, the director now directly owns 29,093 shares of the company’s stock, valued at approximately $995,853.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Deadrick purchased 1,024 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were purchased at an average price of $35.43 per share, for a total transaction of $36,280.32. Following the completion of the transaction, the director now directly owns 28,093 shares of the company’s stock, valued at $995,334.99. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 4,840 shares of company stock worth $169,011 and have sold 67,356 shares worth $2,333,410. Insiders own 10.61% of the company’s stock.
Old Line Bancshares, Inc. (MD) 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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