Old Line Bancshares Rating Increased to Outperform at Zacks (OLBK)
Old Line Bancshares (NASDAQ:OLBK) was upgraded by Zacks from an “underperform” rating to an “outperform” rating in a research note issued to investors on Wednesday, ARN reports. The firm currently has a $18.60 price target on the stock. Zacks‘ price objective would indicate a potential upside of 5.03% from the company’s current price.
In other Old Line Bancshares news, Director Gail D. Manuel purchased 3,150 shares of Old Line Bancshares stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $17.50 per share, with a total value of $55,125.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Robert W. Baird downgraded shares of Old Line Bancshares from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 4th. They noted that the move was a valuation call.
Old Line Bancshares (NASDAQ:OLBK) traded down 0.17% on Wednesday, hitting $17.68. 13,441 shares of the company’s stock traded hands. Old Line Bancshares has a one year low of $11.51 and a one year high of $18.00. The stock has a 50-day moving average of $15.97 and a 200-day moving average of $14.1. The company has a market cap of $190.5 million and a price-to-earnings ratio of 20.59.
Old Line Bancshares (NASDAQ:OLBK) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.15. Analysts expect that Old Line Bancshares will post $0.97 EPS for the current fiscal year.
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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