Old Line Bancshares, Inc. (OLBK) EVP Acquires $75,950.00 in Stock

Old Line Bancshares, Inc. (NASDAQ:OLBK) EVP Joseph E. Burnett bought 9,800 shares of Old Line Bancshares stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $7.75 per share, for a total transaction of $75,950.00. Following the completion of the transaction, the executive vice president now directly owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Old Line Bancshares, Inc. (OLBK) traded down $0.35 during midday trading on Thursday, reaching $28.91. The company had a trading volume of 19,400 shares, compared to its average volume of 27,505. Old Line Bancshares, Inc. has a 1 year low of $19.36 and a 1 year high of $30.44. The stock has a market capitalization of $364.80, a P/E ratio of 20.46 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94.

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Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares in a research report on Thursday, October 26th. ValuEngine downgraded Old Line Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded Old Line Bancshares from a “buy” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Large investors have recently made changes to their positions in the business. American International Group Inc. increased its stake in Old Line Bancshares by 7.1% during the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock worth $147,000 after acquiring an additional 342 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Old Line Bancshares during the first quarter worth about $180,000. Ameriprise Financial Inc. acquired a new stake in Old Line Bancshares during the second quarter worth about $201,000. Advisor Group Inc. increased its stake in Old Line Bancshares by 89.0% during the third quarter. Advisor Group Inc. now owns 7,230 shares of the bank’s stock worth $202,000 after acquiring an additional 3,405 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Old Line Bancshares by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 41.57% of the company’s stock.

Old Line Bancshares Company Profile

Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

Insider Buying and Selling by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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