Old Line Bancshares, Inc. (MD) (OLBK) Director Sells $172,550.00 in Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $34.51, for a total transaction of $172,550.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Old Line Bancshares, Inc. (MD) stock opened at $33.63 on Friday. The firm has a market capitalization of $582.72 million, a PE ratio of 24.01 and a beta of 0.30. Old Line Bancshares, Inc. has a fifty-two week low of $26.01 and a fifty-two week high of $35.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $26.50 million for the quarter, compared to analysts’ expectations of $26.90 million. Old Line Bancshares, Inc. (MD) had a net margin of 17.09% and a return on equity of 10.86%. sell-side analysts anticipate that Old Line Bancshares, Inc. will post 2.22 earnings per share for the current year.

OLBK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a report on Tuesday, July 3rd. Sandler O’Neill cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Hovde Group initiated coverage on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, May 3rd. They issued an “outperform” rating and a $39.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.63.

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Old Line Bancshares, Inc. (MD) by 116.9% in the first quarter. Barclays PLC now owns 3,230 shares of the bank’s stock worth $106,000 after purchasing an additional 1,741 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Old Line Bancshares, Inc. (MD) by 22.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 15,000 shares of the bank’s stock valued at $495,000 after acquiring an additional 2,700 shares during the last quarter. Northern Trust Corp increased its stake in Old Line Bancshares, Inc. (MD) by 3.4% in the first quarter. Northern Trust Corp now owns 94,743 shares of the bank’s stock valued at $3,127,000 after acquiring an additional 3,100 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Old Line Bancshares, Inc. (MD) in the fourth quarter valued at $129,000. Finally, Wells Fargo & Company MN increased its stake in Old Line Bancshares, Inc. (MD) by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 60,837 shares of the bank’s stock valued at $1,791,000 after acquiring an additional 4,706 shares during the last quarter. 37.51% of the stock is currently owned by hedge funds and other institutional investors.

Old Line Bancshares, Inc. (MD) Company Profile

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.

See Also: Analyst Ratings

Insider Buying and Selling by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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