Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $33.50.
Several equities research analysts have commented on OLBK shares. Zacks Investment Research downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st.
In related news, Director Eric D. Hovde sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $28.57, for a total value of $357,125.00. Following the completion of the transaction, the director now directly owns 870 shares in the company, valued at approximately $24,855.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.36% of the stock is currently owned by insiders.
Shares of NASDAQ OLBK remained flat at $$28.83 on Friday. Old Line Bancshares, Inc. has a 12 month low of $24.12 and a 12 month high of $31.22. The company has a fifty day moving average of $29.21 and a two-hundred day moving average of $27.37. The firm has a market cap of $490.11 million, a P/E ratio of 13.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.97.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $27.61 million for the quarter, compared to analysts’ expectations of $28.38 million. Old Line Bancshares, Inc. (MD) had a return on equity of 9.56% and a net margin of 26.40%. Analysts expect that Old Line Bancshares, Inc. will post 2.29 EPS for the current fiscal year.
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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