Insider Selling: Old Line Bancshares, Inc. (MD) (OLBK) Director Sells 4,096 Shares of Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 4,096 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $30.32, for a total value of $124,190.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OLBK opened at $28.59 on Thursday. Old Line Bancshares, Inc. has a 52-week low of $27.18 and a 52-week high of $35.72. The stock has a market cap of $485.74 million, a P/E ratio of 18.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 10.63%. The firm had revenue of $27.69 million during the quarter, compared to analyst estimates of $27.97 million. Equities research analysts predict that Old Line Bancshares, Inc. will post 2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 13th. Old Line Bancshares, Inc. (MD)’s payout ratio is 25.64%.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.42.

Several institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its position in shares of Old Line Bancshares, Inc. (MD) by 4.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 42,313 shares of the bank’s stock valued at $1,477,000 after purchasing an additional 1,667 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Old Line Bancshares, Inc. (MD) by 72.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock worth $186,000 after buying an additional 2,237 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in Old Line Bancshares, Inc. (MD) by 9.4% during the second quarter. Catalyst Capital Advisors LLC now owns 26,800 shares of the bank’s stock worth $935,000 after buying an additional 2,300 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Old Line Bancshares, Inc. (MD) by 73.8% during the second quarter. MetLife Investment Advisors LLC now owns 7,597 shares of the bank’s stock worth $265,000 after buying an additional 3,227 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Old Line Bancshares, Inc. (MD) by 18.7% during the second quarter. California Public Employees Retirement System now owns 32,537 shares of the bank’s stock worth $1,136,000 after buying an additional 5,129 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

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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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Insider Buying and Selling by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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