$0.55 Earnings Per Share Expected for Old Line Bancshares, Inc. (MD) (OLBK) This Quarter

Equities analysts expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to announce $0.55 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Old Line Bancshares, Inc. (MD)’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.56. Old Line Bancshares, Inc. (MD) posted earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is scheduled to announce its next earnings results on Tuesday, April 16th.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.50. For the next year, analysts anticipate that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.72 to $2.85. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Old Line Bancshares, Inc. (MD) had a net margin of 22.08% and a return on equity of 11.31%. The firm had revenue of $28.26 million during the quarter, compared to analyst estimates of $28.45 million.

A number of analysts recently weighed in on OLBK shares. Stephens set a $35.00 price objective on shares of Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a report on Friday, October 19th. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Old Line Bancshares, Inc. (MD) presently has a consensus rating of “Hold” and an average target price of $35.75.

In other Old Line Bancshares, Inc. (MD) news, Director Eric D. Hovde sold 4,096 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $30.32, for a total transaction of $124,190.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric D. Hovde sold 5,000 shares of the stock in a transaction on Monday, November 26th. The stock was sold at an average price of $30.02, for a total value of $150,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 916 shares of company stock worth $25,820 and sold 10,149 shares worth $306,057. 10.61% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Old Line Bancshares, Inc. (MD) by 5.0% during the 3rd quarter. Renaissance Technologies LLC now owns 454,740 shares of the bank’s stock worth $14,388,000 after buying an additional 21,500 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Old Line Bancshares, Inc. (MD) by 49.1% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 257,582 shares of the bank’s stock worth $8,150,000 after buying an additional 84,870 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 18.7% in the second quarter. California Public Employees Retirement System now owns 32,537 shares of the bank’s stock valued at $1,136,000 after purchasing an additional 5,129 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 1,487.0% in the second quarter. Bank of America Corp DE now owns 45,959 shares of the bank’s stock valued at $1,605,000 after purchasing an additional 43,063 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 27.2% in the third quarter. Dimensional Fund Advisors LP now owns 417,568 shares of the bank’s stock valued at $13,212,000 after purchasing an additional 89,329 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

OLBK stock traded down $0.09 on Wednesday, hitting $26.61. 101 shares of the company were exchanged, compared to its average volume of 52,185. Old Line Bancshares, Inc. has a twelve month low of $24.51 and a twelve month high of $35.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $453.63 million, a price-to-earnings ratio of 12.26 and a beta of 0.61.

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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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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