Insider Buying: Old Line Bancshares Director Buys 7,693 Shares of Stock (OLBK)
Old Line Bancshares (NASDAQ:OLBK) Director Andre Gingles purchased 7,693 shares of the stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $100,009.00. Following the purchase, the director now directly owns 45,687 shares of the company’s stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Zacks downgraded shares of Old Line Bancshares (NASDAQ:OLBK) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 16th. They now have a $12.30 price target on the stock.
Shares of Old Line Bancshares (NASDAQ:OLBK) traded down 0.08% during mid-day trading on Thursday, hitting $13.34. 3,874 shares of the company’s stock traded hands. Old Line Bancshares has a 52-week low of $10.49 and a 52-week high of $13.50. The stock’s 50-day moving average is $13. and its 200-day moving average is $12.76. The company has a market cap of $131.0 million and a price-to-earnings ratio of 20.02.
Old Line Bancshares, Inc is a holding company of Old Line Bank. Old Line Bank engages in a general commercial banking business, making various types of loans and accepting deposits.
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