John M. Suit II Acquires 500 Shares of Old Line Bancshares, Inc. (OLBK) Stock

Old Line Bancshares, Inc. (NASDAQ:OLBK) Director John M. Suit II bought 500 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $30.25 per share, for a total transaction of $15,125.00. Following the transaction, the director now owns 67,844 shares of the company’s stock, valued at $2,052,281. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Old Line Bancshares, Inc. (OLBK) opened at $29.26 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. Old Line Bancshares, Inc. has a 52 week low of $20.09 and a 52 week high of $30.44. The company has a market cap of $361.56, a PE ratio of 20.28 and a beta of 0.27.

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Several brokerages have recently issued reports on OLBK. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 target price on shares of Old Line Bancshares in a research report on Thursday, October 26th. ValuEngine lowered shares of Old Line Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Old Line Bancshares from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.00.

Hedge funds have recently modified their holdings of the business. OxFORD Asset Management LLP raised its stake in Old Line Bancshares by 15.4% during the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock worth $346,000 after purchasing an additional 1,634 shares during the period. JPMorgan Chase & Co. raised its stake in Old Line Bancshares by 29.4% during the first quarter. JPMorgan Chase & Co. now owns 29,672 shares of the bank’s stock worth $845,000 after purchasing an additional 6,743 shares during the period. Russell Investments Group Ltd. raised its stake in Old Line Bancshares by 64.7% during the second 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 during the period. Vanguard Group Inc. raised its stake in Old Line Bancshares by 37.5% during the first 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 during the period. Finally, Morgan Stanley raised its stake in Old Line Bancshares by 10.2% during the first quarter. Morgan Stanley now owns 42,175 shares of the bank’s stock worth $1,201,000 after purchasing an additional 3,902 shares during the period. 42.36% of the stock is currently owned by 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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