Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 12,500 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $28.57, for a total value of $357,125.00. Following the completion of the transaction, the director now owns 870 shares of the company’s stock, valued at $24,855.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of OLBK traded up $0.35 during trading hours on Friday, reaching $29.34. The stock had a trading volume of 2,991 shares, compared to its average volume of 75,641. Old Line Bancshares, Inc. has a 12 month low of $24.12 and a 12 month high of $34.40. The stock has a market capitalization of $476.66 million, a PE ratio of 13.42 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.96. The company’s 50-day moving average is $26.96 and its two-hundred day moving average is $26.26.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The company had revenue of $26.73 million during the quarter, compared to analyst estimates of $27.45 million. Old Line Bancshares, Inc. (MD) had a net margin of 26.08% and a return on equity of 9.95%. Equities analysts anticipate that Old Line Bancshares, Inc. will post 2.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.64%. Old Line Bancshares, Inc. (MD)’s payout ratio is 21.92%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Maltese Capital Management LLC increased its holdings in Old Line Bancshares, Inc. (MD) by 5.4% in the second quarter. Maltese Capital Management LLC now owns 280,000 shares of the bank’s stock valued at $7,451,000 after purchasing an additional 14,300 shares during the period. Summit Global Investments acquired a new stake in Old Line Bancshares, Inc. (MD) in the second quarter valued at $639,000. Victory Capital Management Inc. increased its holdings in Old Line Bancshares, Inc. (MD) by 25.1% in the second quarter. Victory Capital Management Inc. now owns 65,801 shares of the bank’s stock valued at $1,751,000 after purchasing an additional 13,190 shares during the period. Vanguard Group Inc. grew its holdings in Old Line Bancshares, Inc. (MD) by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 670,232 shares of the bank’s stock worth $17,834,000 after acquiring an additional 4,671 shares during the period. Finally, BlackRock Inc. grew its holdings in Old Line Bancshares, Inc. (MD) by 5.0% during the 2nd quarter. BlackRock Inc. now owns 916,954 shares of the bank’s stock worth $24,400,000 after acquiring an additional 43,293 shares during the period. Institutional investors and hedge funds own 51.21% of the company’s stock.

A number of research analysts have recently commented on OLBK shares. Zacks Investment Research cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Sandler O’Neill upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Janney Montgomery Scott cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. Finally, Raymond James cut Old Line Bancshares, Inc. (MD) from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

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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