Insider Buying: Francis Emerick Jr. Taylor Purchases 2,000 Shares of Old Line Bancshares Stock (OLBK)
Old Line Bancshares (NASDAQ:OLBK) Director Francis Emerick Jr. Taylor purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average cost of $13.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now directly owns 10,235 shares in the company, valued at approximately $133,055. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 up 0.23% on Wednesday, hitting $13.20. 1,350 shares of the company’s stock traded hands. Old Line Bancshares has a 52-week low of $10.50 and a 52-week high of $13.50. The stock’s 50-day moving average is $13.1 and its 200-day moving average is $12.80. The company has a market cap of $129.6 million and a price-to-earnings ratio of 19.75.
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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