Old Line Bancshares, Inc. (MD) (OLBK) Given Average Recommendation of “Buy” by Brokerages

Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been given an average broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Old Line Bancshares, Inc. (MD)’s rating score has declined by 9.4% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus target price of $32.67 for the company and are expecting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Line Bancshares, Inc. (MD) an industry rank of 26 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on OLBK shares. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, November 29th. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, October 26th.

In other news, EVP Joseph E. Burnett bought 9,800 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $7.75 per share, with a total value of $75,950.00. Following the completion of the acquisition, the executive vice president now owns 63,794 shares of the company’s stock, valued at $494,403.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph E. Burnett sold 3,475 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $30.00, for a total transaction of $104,250.00. Following the completion of the transaction, the executive vice president now directly owns 51,180 shares of the company’s stock, valued at $1,535,400. The disclosure for this sale can be found here. Insiders acquired 11,709 shares of company stock valued at $133,738 over the last ninety days. Corporate insiders own 25.07% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maltese Capital Management LLC raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 33.5% during the third quarter. Maltese Capital Management LLC now owns 26,700 shares of the bank’s stock valued at $748,000 after purchasing an additional 6,700 shares during the last quarter. Castine Capital Management LLC purchased a new position in shares of Old Line Bancshares, Inc. (MD) during the third quarter valued at approximately $4,194,000. Stifel Financial Corp raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 14.2% during the third quarter. Stifel Financial Corp now owns 37,397 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 4,649 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 21.6% during the third quarter. OxFORD Asset Management LLP now owns 14,910 shares of the bank’s stock valued at $419,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 11.9% during the third quarter. Dimensional Fund Advisors LP now owns 178,141 shares of the bank’s stock valued at $4,988,000 after purchasing an additional 18,993 shares during the last quarter. 44.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) traded down $0.03 during trading on Friday, reaching $29.55. 25,471 shares of the company’s stock traded hands, compared to its average volume of 19,233. 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 stock has a market capitalization of $371.41, a PE ratio of 20.66 and a beta of 0.27. Old Line Bancshares, Inc. has a twelve month low of $26.01 and a twelve month high of $30.94.

The company also recently announced a dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.08 dividend. The ex-dividend date was Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is presently 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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