Old Line Bancshares, Inc. (MD) (OLBK) To Go Ex-Dividend on December 7th
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) declared a dividend on Wednesday, November 15th, Fidelity reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.08 per share by the bank on Tuesday, January 2nd. The ex-dividend date of this dividend is Thursday, December 7th.
Old Line Bancshares, Inc. (NASDAQ:OLBK) traded up $0.03 during trading on Wednesday, hitting $30.70. The stock had a trading volume of 25,900 shares, compared to its average volume of 27,349. The stock has a market cap of $382.38, a P/E ratio of 21.45 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a 52 week low of $23.49 and a 52 week high of $30.94.
In other Old Line Bancshares, Inc. (MD) news, Director John M. Suit II acquired 1,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of $30.25 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 66,844 shares in the company, valued at $2,022,031. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph E. Burnett sold 3,475 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $30.00, for a total value of $104,250.00. Following the sale, the executive vice president now owns 51,180 shares of the company’s stock, valued at approximately $1,535,400. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 11,709 shares of company stock worth $133,738. Company insiders own 25.07% of the company’s stock.
A number of research firms have recently commented on OLBK. ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, November 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Old Line Bancshares, Inc. (MD) presently has a consensus rating of “Hold” and an average target price of $32.00.
About Old Line Bancshares, Inc. (MD)
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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