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

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.50.

OLBK has been the subject of several recent analyst reports. BidaskClub cut shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research cut shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Old Line Bancshares, Inc. (MD) by 17.8% during the fourth quarter. Legal & General Group Plc now owns 2,758 shares of the bank’s stock worth $73,000 after purchasing an additional 416 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Old Line Bancshares, Inc. (MD) by 9,411.8% during the first quarter. Great West Life Assurance Co. Can now owns 3,234 shares of the bank’s stock worth $80,000 after purchasing an additional 3,200 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Old Line Bancshares, Inc. (MD) by 561.9% during the first quarter. BNP Paribas Arbitrage SA now owns 3,263 shares of the bank’s stock worth $81,000 after purchasing an additional 2,770 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Old Line Bancshares, Inc. (MD) by 366.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $140,000 after acquiring an additional 4,190 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of Old Line Bancshares, Inc. (MD) during the fourth quarter valued at about $158,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Shares of NASDAQ OLBK traded down $0.02 during mid-day trading on Friday, reaching $25.11. The company’s stock had a trading volume of 6,042 shares, compared to its average volume of 44,114. The stock has a market capitalization of $426.13 million, a price-to-earnings ratio of 11.47 and a beta of 0.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. Old Line Bancshares, Inc. has a 1-year low of $24.12 and a 1-year high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.04). Old Line Bancshares, Inc. (MD) had a return on equity of 10.18% and a net margin of 22.16%. The firm had revenue of $26.07 million for the quarter, compared to analyst estimates of $27.17 million. As a group, equities research analysts expect that Old Line Bancshares, Inc. will post 2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, June 13th. Old Line Bancshares, Inc. (MD)’s payout ratio is currently 21.92%.

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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