Analysts Anticipate Old Line Bancshares, Inc. (MD) (OLBK) to Post $0.54 EPS

Brokerages predict that Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Old Line Bancshares, Inc. (MD)’s earnings, with estimates ranging from $0.53 to $0.54. Old Line Bancshares, Inc. (MD) reported earnings of $0.48 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings report on Tuesday, April 16th.

According to Zacks, analysts expect that Old Line Bancshares, Inc. (MD) will report full year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.35. For the next fiscal year, analysts anticipate that the business will post earnings of $2.70 per share, with EPS estimates ranging from $2.69 to $2.72. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $28.26 million for the quarter, compared to the consensus estimate of $28.45 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.76% and a net margin of 22.08%.

OLBK has been the topic of several research reports. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Stephens restated a “buy” rating and set a $34.00 price objective on shares of Old Line Bancshares, Inc. (MD) in a report on Wednesday, December 19th. Finally, ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Old Line Bancshares, Inc. (MD) presently has an average rating of “Hold” and a consensus target price of $36.00.

OLBK traded down $0.22 during trading on Monday, hitting $26.05. 21,989 shares of the stock were exchanged, compared to its average volume of 44,511. The company has a market capitalization of $450.44 million, a P/E ratio of 11.89 and a beta of 0.59. Old Line Bancshares, Inc. has a 1 year low of $24.51 and a 1 year high of $35.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.12 per share. This is an increase from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, March 14th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is presently 21.92%.

In related news, Director Thomas H. Graham bought 2,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were acquired at an average price of $27.43 per share, with a total value of $54,860.00. Following the transaction, the director now owns 49,395 shares of the company’s stock, valued at $1,354,904.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Suit II bought 1,300 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were bought at an average cost of $27.31 per share, for a total transaction of $35,503.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,185 shares of company stock worth $142,757 over the last 90 days. 10.61% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Old Line Bancshares, Inc. (MD) by 4.3% during the 4th quarter. BlackRock Inc. now owns 886,860 shares of the bank’s stock valued at $23,343,000 after acquiring an additional 36,798 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in shares of Old Line Bancshares, Inc. (MD) by 14.2% in the 4th quarter. Mendon Capital Advisors Corp now owns 637,973 shares of the bank’s stock worth $16,791,000 after purchasing an additional 79,399 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Old Line Bancshares, Inc. (MD) by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 583,736 shares of the bank’s stock worth $18,470,000 after purchasing an additional 9,212 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Old Line Bancshares, Inc. (MD) by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 583,736 shares of the bank’s stock worth $18,470,000 after purchasing an additional 9,212 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in shares of Old Line Bancshares, Inc. (MD) by 1.8% in the 4th quarter. RMB Capital Management LLC now owns 565,334 shares of the bank’s stock worth $14,880,000 after purchasing an additional 10,000 shares in the last quarter. 49.85% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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