Old Line Bancshares, Inc. (MD) (OLBK) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) from a hold rating to a sell rating in a research report released on Wednesday.

A number of other brokerages also recently weighed in on OLBK. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a sell rating to a hold rating in a report on Wednesday, January 16th. BidaskClub downgraded shares of Old Line Bancshares, Inc. (MD) from a hold rating to a sell rating in a report on Friday, December 7th. Finally, Stephens restated a buy rating and set a $34.00 target price on shares of Old Line Bancshares, Inc. (MD) in a report on Wednesday, December 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) currently has a consensus rating of Hold and a consensus target price of $36.00.

NASDAQ OLBK opened at $26.61 on Wednesday. The company has a market capitalization of $457.61 million, a PE ratio of 12.15 and a beta of 0.61. Old Line Bancshares, Inc. has a 12-month low of $24.51 and a 12-month high of $35.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. This is a boost from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, March 14th. Old Line Bancshares, Inc. (MD)’s payout ratio is 21.92%.

In other Old Line Bancshares, Inc. (MD) news, Director James F. Dent sold 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $28.23, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John M. Suit II acquired 1,300 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Tuesday, February 19th. The shares were bought at an average cost of $27.31 per share, with a total value of $35,503.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 5,185 shares of company stock valued at $142,757. Company insiders own 10.61% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in OLBK. Legal & General Group Plc boosted 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 period. Metropolitan Life Insurance Co. NY boosted its position in shares of Old Line Bancshares, Inc. (MD) by 366.3% in 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 period. Bessemer Group Inc. bought a new stake in shares of Old Line Bancshares, Inc. (MD) in the fourth quarter valued at about $158,000. PNC Financial Services Group Inc. boosted its position in shares of Old Line Bancshares, Inc. (MD) by 12.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,508 shares of the bank’s stock valued at $171,000 after acquiring an additional 717 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Old Line Bancshares, Inc. (MD) in the third quarter valued at about $201,000. 49.70% of the stock is owned by hedge funds and other institutional investors.

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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