Old Line Bancshares, Inc. (MD) (OLBK) Receives Consensus Rating of “Hold” from Analysts

Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.00.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd.

Old Line Bancshares, Inc. (MD) stock opened at $25.24 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. Old Line Bancshares, Inc. has a 52 week low of $24.51 and a 52 week high of $35.72. The stock has a market cap of $430.17 million, a P/E ratio of 11.53 and a beta of 0.61.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its earnings results on Wednesday, January 23rd. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Old Line Bancshares, Inc. (MD) had a return on equity of 10.76% and a net margin of 22.08%. The firm had revenue of $28.26 million during the quarter, compared to the consensus estimate of $28.45 million. On average, equities analysts anticipate that Old Line Bancshares, Inc. will post 2.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.90%. Old Line Bancshares, Inc. (MD)’s payout ratio is presently 21.92%.

In related news, Director John M. Suit II purchased 1,300 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was bought at an average cost of $27.31 per share, with a total value of $35,503.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James F. Dent sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $28.23, for a total value of $28,230.00. Following the completion of the transaction, the director now directly owns 60,492 shares of the company’s stock, valued at $1,707,689.16. The disclosure for this sale can be found here. Insiders acquired 5,185 shares of company stock valued at $142,757 over the last three months. 10.61% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in OLBK. BlackRock Inc. increased its position in shares of Old Line Bancshares, Inc. (MD) by 4.3% in the fourth quarter. BlackRock Inc. now owns 886,860 shares of the bank’s stock valued at $23,343,000 after buying an additional 36,798 shares in the last quarter. Mendon Capital Advisors Corp increased its position in shares of Old Line Bancshares, Inc. (MD) by 14.2% in the fourth quarter. Mendon Capital Advisors Corp now owns 637,973 shares of the bank’s stock valued at $16,791,000 after buying an additional 79,399 shares in the last quarter. Vanguard Group Inc increased its position in shares of Old Line Bancshares, Inc. (MD) by 1.6% in the third quarter. Vanguard Group Inc now owns 583,736 shares of the bank’s stock valued at $18,470,000 after buying an additional 9,212 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Old Line Bancshares, Inc. (MD) by 1.6% in the third quarter. Vanguard Group Inc. now owns 583,736 shares of the bank’s stock valued at $18,470,000 after buying an additional 9,212 shares in the last quarter. Finally, RMB Capital Management LLC increased its position in shares of Old Line Bancshares, Inc. (MD) by 1.8% in the fourth quarter. RMB Capital Management LLC now owns 565,334 shares of the bank’s stock valued at $14,880,000 after buying an additional 10,000 shares in the last quarter. 49.70% of the stock is owned by institutional investors.

About Old Line Bancshares, Inc. (MD)

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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