Old Line Bancshares COO Buys $14,040 in Stock (OLBK)
Old Line Bancshares (NASDAQ:OLBK) COO Mark A. Semanie bought 1,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $14.04 per share, for a total transaction of $14,040.00. Following the completion of the transaction, the chief operating officer now directly owns 4,466 shares of the company’s stock, valued at approximately $62,703. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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.
Shares of Old Line Bancshares (NASDAQ:OLBK) opened at 14.52 on Friday. Old Line Bancshares has a 52-week low of $12.79 and a 52-week 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 EPS for the quarter, missing the Thomson Reuters 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.
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