Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been given a consensus broker rating score of 1.60 (Buy) from the five analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus target price of $31.75 for the company and are anticipating that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Line Bancshares, Inc. (MD) an industry rank of 111 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on OLBK. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. ValuEngine lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price objective on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, October 26th.
In related news, EVP Joseph E. Burnett acquired 9,800 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $7.75 per share, with a total value of $75,950.00. Following the completion of the purchase, the executive vice president now directly owns 63,794 shares in the company, valued at $494,403.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director John M. Suit II acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average cost of $30.25 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 66,844 shares of the company’s stock, valued at $2,022,031. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,709 shares of company stock worth $133,738. Corporate insiders own 25.07% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. OxFORD Asset Management LLP boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 15.4% during the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock valued at $346,000 after acquiring an additional 1,634 shares during the last quarter. Vanguard Group Inc. boosted its stake in Old Line Bancshares, Inc. (MD) by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 323,213 shares of the bank’s stock worth $9,108,000 after buying an additional 4,836 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Old Line Bancshares, Inc. (MD) in the 3rd quarter worth about $519,000. Russell Investments Group Ltd. boosted its stake in Old Line Bancshares, Inc. (MD) by 64.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,857 shares of the bank’s stock worth $334,000 after buying an additional 4,659 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Old Line Bancshares, Inc. (MD) by 10.2% in the 1st quarter. Morgan Stanley now owns 42,175 shares of the bank’s stock worth $1,201,000 after buying an additional 3,902 shares during the last quarter. 44.25% of the stock is currently owned by institutional investors and hedge funds.
Old Line Bancshares, Inc. (NASDAQ:OLBK) traded up $0.03 during trading on Wednesday, reaching $30.70. The company’s stock had a trading volume of 25,900 shares, compared to its average volume of 27,349. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $382.38, a price-to-earnings ratio of 21.45 and a beta of 0.27. Old Line Bancshares, Inc. has a 12 month low of $23.49 and a 12 month high of $30.94.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s payout ratio is currently 22.38%.
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About Old Line Bancshares, Inc. (MD)
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.
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