News headlines about Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Line Bancshares, Inc. (MD) earned a news impact score of 0.17 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.4923803750717 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) opened at $32.06 on Friday. The stock has a market cap of $392.76, a P/E ratio of 21.96 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a 1 year low of $26.01 and a 1 year high of $32.06.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $19.03 million for the quarter, compared to the consensus estimate of $19.88 million. Old Line Bancshares, Inc. (MD) had a net margin of 19.60% and a return on equity of 8.94%. sell-side analysts expect that Old Line Bancshares, Inc. will post 2.24 EPS for the current year.
A number of research firms have commented on OLBK. Zacks Investment Research cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Sandler O’Neill reiterated a “buy” rating and set a $34.50 price objective on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, January 25th. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 price objective on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.17.
In other news, Director James F. Dent sold 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.65, for a total transaction of $31,650.00. Following the sale, the director now owns 61,992 shares in the company, valued at $1,962,046.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 25.07% of the company’s stock.
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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