Old Line Bancshares (OLBK) Hits New 12-Month High and Low at $34.52

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) reached a new 52-week high and low during trading on Monday . The company traded as low as $34.52 and last traded at $34.49, with a volume of 64760 shares. The stock had previously closed at $34.18.

A number of analysts have commented on OLBK shares. BidaskClub upgraded Old Line Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 target price on shares of Old Line Bancshares in a research report on Tuesday, February 27th. Zacks Investment Research cut Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $34.50 price target on shares of Old Line Bancshares in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Old Line Bancshares currently has a consensus rating of “Buy” and an average price target of $34.50.

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The firm has a market capitalization of $433.43, a price-to-earnings ratio of 24.12 and a beta of 0.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.94 and a quick ratio of 0.94.



Old Line Bancshares (NASDAQ:OLBK) last released its quarterly earnings results on Tuesday, April 17th. The bank reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. Old Line Bancshares had a return on equity of 9.22% and a net margin of 20.98%. The company had revenue of $19.48 million during the quarter, compared to analysts’ expectations of $19.54 million. research analysts anticipate that Old Line Bancshares, Inc. will post 2.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. Old Line Bancshares’s dividend payout ratio (DPR) is 20.51%.

In related news, Director Carla Hargrove Mcgill purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was bought at an average cost of $32.57 per share, with a total value of $162,850.00. Following the completion of the acquisition, the director now directly owns 22,123 shares in the company, valued at approximately $720,546.11. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Sr Clifford, Sr. sold 1,500 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $31.94, for a total value of $47,910.00. Following the completion of the transaction, the director now directly owns 13,598 shares of the company’s stock, valued at $434,320.12. The disclosure for this sale can be found here. Over the last three months, insiders bought 6,477 shares of company stock valued at $209,403. Insiders own 25.07% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in Old Line Bancshares in the fourth quarter valued at $129,000. Cornerstone Capital Management Holdings LLC. increased its stake in Old Line Bancshares by 142.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 10,900 shares of the bank’s stock valued at $320,000 after purchasing an additional 6,400 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Old Line Bancshares in the fourth quarter valued at $225,000. Kendall Capital Management acquired a new position in Old Line Bancshares in the fourth quarter valued at $531,000. Finally, Deutsche Bank AG increased its stake in Old Line Bancshares by 79.1% in the fourth quarter. Deutsche Bank AG now owns 76,742 shares of the bank’s stock valued at $2,257,000 after purchasing an additional 33,886 shares during the last quarter. Hedge funds and other institutional investors own 47.26% of the company’s stock.

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About Old Line Bancshares

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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