Investment Analysts’ Recent Ratings Changes for Old Line Bancshares, Inc. (MD) (OLBK)

A number of research firms have changed their ratings and price targets for Old Line Bancshares, Inc. (MD) (NASDAQ: OLBK):

  • 11/3/2018 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 10/30/2018 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/19/2018 – Old Line Bancshares, Inc. (MD) had its price target lowered by analysts at Raymond James from $37.00 to $35.00. They now have an “outperform” rating on the stock.
  • 10/19/2018 – Old Line Bancshares, Inc. (MD) was given a new $35.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 9/26/2018 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/15/2018 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/13/2018 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 9/8/2018 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Old Line Bancshares, Inc. (MD) stock traded down $0.05 on Monday, hitting $29.62. 35,265 shares of the company traded hands, compared to its average volume of 56,678. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $504.06 million, a P/E ratio of 18.99 and a beta of 0.40. Old Line Bancshares, Inc. has a 12-month low of $27.18 and a 12-month high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). The company had revenue of $27.69 million for the quarter, compared to analysts’ expectations of $27.97 million. Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 11.68%. On average, analysts predict that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current year.

In related news, Director Eric D. Hovde sold 936 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $30.26, for a total transaction of $28,323.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric D. Hovde sold 12,839 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $34.38, for a total transaction of $441,404.82. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,446 shares of company stock worth $41,714 and have sold 55,969 shares worth $1,909,888. Company insiders own 10.61% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OLBK. Barclays PLC grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 116.9% during the 1st quarter. Barclays PLC now owns 3,230 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,741 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 72.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $186,000 after purchasing an additional 2,237 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Old Line Bancshares, Inc. (MD) during the 2nd quarter valued at $202,000. MetLife Investment Advisors LLC grew its holdings in shares of Old Line Bancshares, Inc. (MD) by 73.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 7,597 shares of the bank’s stock valued at $265,000 after purchasing an additional 3,227 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in shares of Old Line Bancshares, Inc. (MD) during the 3rd quarter valued at $287,000. 47.88% of the stock is currently owned by institutional investors.

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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