Robert W. Baird Downgrades Old Line Bancshares to Neutral (OLBK)
Old Line Bancshares (NASDAQ:OLBK) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Separately, analysts at Zacks upgraded shares of Old Line Bancshares from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $13.70 price target on the stock.
Old Line Bancshares (NASDAQ:OLBK) opened at 14.80 on Wednesday. Old Line Bancshares has a 1-year low of $10.87 and a 1-year high of $14.80. The stock has a 50-day moving average of $13.71 and a 200-day moving average of $13.21. The company has a market cap of $159.3 million and a price-to-earnings ratio of 23.26.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, December 11th.
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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