Wall Street brokerages predict that Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) will report earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Old Line Bancshares, Inc. (MD)’s earnings, with estimates ranging from $0.51 to $0.57. Old Line Bancshares, Inc. (MD) also posted earnings per share of $0.54 during the same quarter last year. The company is scheduled to issue its next earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Old Line Bancshares, Inc. (MD) will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.10 to $2.35. For the next year, analysts expect that the company will post earnings of $2.57 per share, with EPS estimates ranging from $2.30 to $2.72. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The company had revenue of $26.07 million during the quarter, compared to the consensus estimate of $27.17 million. Old Line Bancshares, Inc. (MD) had a net margin of 22.16% and a return on equity of 10.18%.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, ValuEngine cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.50.

Shares of OLBK traded down $0.61 during mid-day trading on Wednesday, reaching $25.35. The company’s stock had a trading volume of 24,140 shares, compared to its average volume of 45,686. Old Line Bancshares, Inc. has a 1-year low of $24.46 and a 1-year high of $35.72. The stock has a market cap of $432.27 million, a price-to-earnings ratio of 11.58 and a beta of 0.58. The company has a quick ratio of 0.98, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

In other Old Line Bancshares, Inc. (MD) news, Director John M. Suit II acquired 1,300 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average cost of $27.31 per share, with a total value of $35,503.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas H. Graham purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were purchased at an average cost of $27.43 per share, with a total value of $54,860.00. Following the completion of the acquisition, the director now owns 49,395 shares in the company, valued at approximately $1,354,904.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,935 shares of company stock valued at $135,857. Insiders own 12.36% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in OLBK. Goldman Sachs Group Inc. lifted its holdings in Old Line Bancshares, Inc. (MD) by 29.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 481,787 shares of the bank’s stock worth $12,011,000 after purchasing an additional 110,208 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Old Line Bancshares, Inc. (MD) by 40.7% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 357,917 shares of the bank’s stock worth $8,923,000 after purchasing an additional 103,595 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Old Line Bancshares, Inc. (MD) by 27.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 417,568 shares of the bank’s stock worth $13,212,000 after purchasing an additional 89,329 shares during the last quarter. Mendon Capital Advisors Corp lifted its holdings in Old Line Bancshares, Inc. (MD) by 14.2% during the 4th quarter. Mendon Capital Advisors Corp now owns 637,973 shares of the bank’s stock worth $16,791,000 after purchasing an additional 79,399 shares during the last quarter. Finally, Banc Funds Co. LLC lifted its holdings in Old Line Bancshares, Inc. (MD) by 34.3% during the 1st quarter. Banc Funds Co. LLC now owns 288,263 shares of the bank’s stock worth $7,186,000 after purchasing an additional 73,577 shares during the last quarter. 50.63% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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