Old Line Bancshares, Inc. (MD) (OLBK) Director Buys $17,929.80 in Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director James R. Sr Clifford, Sr. purchased 630 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was purchased at an average cost of $28.46 per share, for a total transaction of $17,929.80. Following the transaction, the director now owns 14,728 shares of the company’s stock, valued at $419,158.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Old Line Bancshares, Inc. (MD) stock opened at $29.00 on Friday. The firm has a market capitalization of $483.87 million, a PE ratio of 14.17 and a beta of 0.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. Old Line Bancshares, Inc. has a 1 year low of $27.18 and a 1 year high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $27.69 million during the quarter, compared to analyst estimates of $27.97 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.63% and a net margin of 20.78%. On average, sell-side analysts anticipate that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. Old Line Bancshares, Inc. (MD)’s payout ratio is 25.64%.

A number of research firms have recently commented on OLBK. BidaskClub raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.42.

Institutional investors have recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Old Line Bancshares, Inc. (MD) by 49.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 257,582 shares of the bank’s stock worth $8,150,000 after acquiring an additional 84,870 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Old Line Bancshares, Inc. (MD) in the second quarter worth $344,000. Renaissance Technologies LLC grew its stake in shares of Old Line Bancshares, Inc. (MD) by 56.6% in the second quarter. Renaissance Technologies LLC now owns 433,240 shares of the bank’s stock worth $15,124,000 after acquiring an additional 156,540 shares during the last quarter. WMS Partners LLC acquired a new stake in shares of Old Line Bancshares, Inc. (MD) in the second quarter worth $549,000. Finally, Jennison Associates LLC acquired a new stake in shares of Old Line Bancshares, Inc. (MD) in the second quarter worth $449,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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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.

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

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