James R. Sr Clifford, Sr. Buys 630 Shares of Old Line Bancshares, Inc. (MD) (OLBK) Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director James R. Sr Clifford, Sr. purchased 630 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of $28.46 per share, with a total value of $17,929.80. Following the completion of the acquisition, the director now owns 14,728 shares of the company’s stock, valued at approximately $419,158.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

OLBK stock opened at $29.00 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $483.87 million, a P/E ratio of 14.17 and a beta of 0.37. Old Line Bancshares, Inc. has a 52 week low of $27.18 and a 52 week high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $27.69 million for the quarter, compared to analyst estimates of $27.97 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.63% and a net margin of 20.78%. As a group, analysts anticipate that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, December 13th. Old Line Bancshares, Inc. (MD)’s payout ratio is presently 25.64%.

OLBK has been the subject of several research reports. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Raymond James decreased their price target on shares of Old Line Bancshares, Inc. (MD) from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Finally, Stephens set a $35.00 price target on shares of Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a report on Friday, October 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.42.

A number of institutional investors and hedge funds have recently modified their holdings of OLBK. Raymond James Financial Services Advisors Inc. bought a new position in Old Line Bancshares, Inc. (MD) during the second quarter valued at approximately $344,000. First Trust Advisors LP raised its position in Old Line Bancshares, Inc. (MD) by 60.6% during the second quarter. First Trust Advisors LP now owns 36,498 shares of the bank’s stock valued at $1,274,000 after acquiring an additional 13,779 shares in the last quarter. Jennison Associates LLC bought a new position in Old Line Bancshares, Inc. (MD) during the second quarter valued at approximately $449,000. Rhumbline Advisers raised its position in Old Line Bancshares, Inc. (MD) by 118.1% during the second quarter. Rhumbline Advisers now owns 14,964 shares of the bank’s stock valued at $522,000 after acquiring an additional 8,103 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Old Line Bancshares, Inc. (MD) by 94.1% during the second quarter. Bank of New York Mellon Corp now owns 89,440 shares of the bank’s stock valued at $3,123,000 after acquiring an additional 43,366 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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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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