Old Line Bancshares Lowered to Underperform at Zacks (OLBK)
Old Line Bancshares (NASDAQ:OLBK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Friday. They currently have a $13.50 target price on the stock. Zacks‘s target price would suggest a potential downside of 7.02% from the company’s current price.
Shares of Old Line Bancshares (NASDAQ:OLBK) traded up 2.04% during mid-day trading on Friday, hitting $14.52. The stock had a trading volume of 42,529 shares. Old Line Bancshares has a 52 week low of $12.79 and a 52 week high of $18.00. The stock’s 50-day moving average is $15. and its 200-day moving average is $16.45. The company has a market cap of $156.6 million and a price-to-earnings ratio of 14.81.
Old Line Bancshares (NASDAQ:OLBK) last announced its earnings results on Monday, July 21st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.09. On average, analysts predict that Old Line Bancshares will post $0.91 earnings per share 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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.