Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) have been given a consensus broker rating score of 1.60 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price target of $31.75 for the company and are predicting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given Old Line Bancshares an industry rank of 119 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently commented on OLBK shares. Zacks Investment Research downgraded Old Line Bancshares from a “buy” rating to a “sell” rating in a report on Thursday, July 20th. ValuEngine downgraded Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares in a report on Thursday, October 26th. Finally, BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
In other news, Director John M. Suit II acquired 1,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of $30.25 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 66,844 shares in the company, valued at $2,022,031. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph E. Burnett acquired 9,800 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $7.75 per share, with a total value of $75,950.00. Following the acquisition, the executive vice president now owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 11,209 shares of company stock valued at $118,613. 25.07% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Old Line Bancshares by 1.5% in the second quarter. Vanguard Group Inc. now owns 323,213 shares of the bank’s stock worth $9,108,000 after purchasing an additional 4,836 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Old Line Bancshares by 133.0% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 203,594 shares of the bank’s stock worth $5,737,000 after purchasing an additional 116,206 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Old Line Bancshares by 11.9% in the third quarter. Dimensional Fund Advisors LP now owns 178,141 shares of the bank’s stock worth $4,988,000 after purchasing an additional 18,993 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Old Line Bancshares by 13.1% in the first quarter. Renaissance Technologies LLC now owns 175,700 shares of the bank’s stock worth $5,004,000 after purchasing an additional 20,400 shares in the last quarter. Finally, State Street Corp raised its holdings in Old Line Bancshares by 28.2% in the second quarter. State Street Corp now owns 165,433 shares of the bank’s stock worth $4,662,000 after purchasing an additional 36,434 shares in the last quarter. Institutional investors and hedge funds own 41.57% of the company’s stock.
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Shares of Old Line Bancshares (OLBK) traded up $0.31 during trading on Tuesday, hitting $29.06. The company had a trading volume of 13,100 shares, compared to its average volume of 27,561. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $358.44, a P/E ratio of 20.10 and a beta of 0.27. Old Line Bancshares has a one year low of $19.36 and a one year high of $30.44.
Old Line Bancshares Company Profile
Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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