Old Line Bancshares’ (NASDAQ:OLBK) Hold Rating Reiterated at Keefe, Bruyette & Woods

Old Line Bancshares, Inc. (NASDAQ:OLBK)‘s stock had its “hold” rating reissued by investment analysts at Keefe, Bruyette & Woods in a report released on Thursday, October 26th. They currently have a $31.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.83% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Old Line Bancshares from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.00.

Shares of Old Line Bancshares (NASDAQ:OLBK) traded down $0.09 during trading on Thursday, hitting $28.75. The company had a trading volume of 9,727 shares, compared to its average volume of 28,185. The company has a market cap of $357.32, a price-to-earnings ratio of 20.17 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. Old Line Bancshares has a 52 week low of $19.36 and a 52 week high of $30.44.

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In other news, Director Stephen J. Deadrick bought 200 shares of Old Line Bancshares stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $262.44 per share, for a total transaction of $52,488.00. Following the acquisition, the director now owns 26,469 shares of the company’s stock, valued at $6,946,524.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Suit II purchased 1,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average cost of $30.25 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now owns 66,844 shares in the company, valued at $2,022,031. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,609 shares of company stock valued at $95,151. Corporate insiders own 25.07% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP lifted its holdings in shares of Old Line Bancshares by 15.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock valued at $346,000 after buying an additional 1,634 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Old Line Bancshares by 29.4% during the 1st quarter. JPMorgan Chase & Co. now owns 29,672 shares of the bank’s stock valued at $845,000 after buying an additional 6,743 shares during the period. Vanguard Group Inc. increased its stake in shares of Old Line Bancshares by 37.5% in the 1st quarter. Vanguard Group Inc. now owns 318,377 shares of the bank’s stock worth $9,067,000 after purchasing an additional 86,894 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Old Line Bancshares 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 purchasing an additional 4,659 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Old Line Bancshares by 10.2% in the 1st quarter. Morgan Stanley now owns 42,175 shares of the bank’s stock worth $1,201,000 after purchasing an additional 3,902 shares in the last quarter. 41.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

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