Insider Buying: John M. Suit II Buys 1,750 Shares of Old Line Bancshares Stock (OLBK)
Old Line Bancshares (NASDAQ:OLBK) Director John M. Suit II purchased 1,750 shares of the stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $14.04 per share, for a total transaction of $24,570.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Old Line Bancshares (NASDAQ:OLBK) opened at 14.52 on Friday. Old Line Bancshares has a 1-year low of $12.79 and a 1-year high of $18.00. The stock has a 50-day moving average of $15. and a 200-day moving average of $16.45. The company has a market cap of $156.6 million and a P/E ratio of 14.81.
Old Line Bancshares (NASDAQ:OLBK) last released its earnings data 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. Analysts expect that Old Line Bancshares will post $0.91 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Old Line Bancshares from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $13.50 price target on the stock.
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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